Invesco QQQ $QQQ Shares Sold by Nadler Financial Group Inc.

Key Points

• Nadler Financial Group Inc. reduced its stake in Invesco QQQ by 17.3%, now holding 16,438 shares worth approximately $9,068,000.
• Other institutional investors, such as GSG Advisors LLC and Amundi, have increased their positions in Invesco QQQ, reflecting ongoing interest in the ETF.
• Invesco QQQ has announced a quarterly dividend increase to $0.694 per share, up from $0.59, with a dividend yield of 0.5%.

Nadler Financial Group Inc. decreased its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 17.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,438 shares of the exchange traded fund's stock after selling 3,445 shares during the quarter. Invesco QQQ comprises about 0.9% of Nadler Financial Group Inc.'s portfolio, making the stock its 22nd biggest position. Nadler Financial Group Inc.'s holdings in Invesco QQQ were worth $9,068,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GSG Advisors LLC lifted its position in Invesco QQQ by 8.2% during the 1st quarter. GSG Advisors LLC now owns 7,726 shares of the exchange traded fund's stock worth $3,600,000 after acquiring an additional 585 shares during the period. Amundi lifted its position in Invesco QQQ by 6.3% during the 1st quarter. Amundi now owns 110,903 shares of the exchange traded fund's stock worth $49,980,000 after acquiring an additional 6,600 shares during the period. Jackson Wealth Management LLC lifted its position in Invesco QQQ by 8.6% during the 1st quarter. Jackson Wealth Management LLC now owns 20,105 shares of the exchange traded fund's stock worth $9,428,000 after acquiring an additional 1,586 shares during the period. Greykasell Wealth Strategies Inc. lifted its position in Invesco QQQ by 8.4% during the 1st quarter. Greykasell Wealth Strategies Inc. now owns 7,782 shares of the exchange traded fund's stock worth $3,649,000 after acquiring an additional 605 shares during the period. Finally, AM Investment Strategies LLC lifted its position in Invesco QQQ by 46.5% during the 1st quarter. AM Investment Strategies LLC now owns 1,927 shares of the exchange traded fund's stock worth $904,000 after acquiring an additional 612 shares during the period. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Trading Down 0.7%

NASDAQ QQQ opened at $598.00 on Wednesday. The stock has a 50-day simple moving average of $585.40 and a two-hundred day simple moving average of $538.03. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $613.18.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Monday, September 22nd will be paid a dividend of $0.694 per share. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Monday, September 22nd. This is an increase from Invesco QQQ's previous quarterly dividend of $0.59.

Invesco QQQ Company Profile

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.

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