Nadler Financial Group Inc. Trims Stock Position in Invesco QQQ (NASDAQ:QQQ)

Nadler Financial Group Inc. lessened its position in shares of Invesco QQQ (NASDAQ:QQQ) by 0.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,191 shares of the exchange traded fund’s stock after selling 69 shares during the period. Invesco QQQ makes up about 1.0% of Nadler Financial Group Inc.’s holdings, making the stock its 20th biggest position. Nadler Financial Group Inc.’s holdings in Invesco QQQ were worth $9,367,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of QQQ. Prospect Financial Services LLC lifted its holdings in shares of Invesco QQQ by 0.3% in the 2nd quarter. Prospect Financial Services LLC now owns 6,385 shares of the exchange traded fund’s stock valued at $3,059,000 after acquiring an additional 21 shares during the last quarter. Skyline Advisors Inc. lifted its stake in shares of Invesco QQQ by 5.0% in the 3rd quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock valued at $215,000 after purchasing an additional 21 shares during the last quarter. Sweeney & Michel LLC increased its position in shares of Invesco QQQ by 4.0% during the 2nd quarter. Sweeney & Michel LLC now owns 575 shares of the exchange traded fund’s stock valued at $286,000 after purchasing an additional 22 shares during the last quarter. Family Firm Inc. lifted its position in Invesco QQQ by 3.1% in the second quarter. Family Firm Inc. now owns 738 shares of the exchange traded fund’s stock worth $354,000 after buying an additional 22 shares during the last quarter. Finally, MPS Loria Financial Planners LLC increased its position in Invesco QQQ by 0.8% during the third quarter. MPS Loria Financial Planners LLC now owns 2,656 shares of the exchange traded fund’s stock valued at $1,297,000 after acquiring an additional 22 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.8 %

Shares of QQQ traded up $4.01 during mid-day trading on Friday, reaching $487.86. 4,564,693 shares of the company’s stock traded hands, compared to its average volume of 38,499,777. The stock’s 50-day moving average is $481.65 and its two-hundred day moving average is $468.15. Invesco QQQ has a 12 month low of $360.30 and a 12 month high of $503.52.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were issued a $0.677 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.56%.

About Invesco QQQ

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.