Nadler Financial Group Inc. grew its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,883 shares of the exchange traded fund's stock after buying an additional 690 shares during the period. Invesco QQQ comprises 1.0% of Nadler Financial Group Inc.'s portfolio, making the stock its 21st largest position. Nadler Financial Group Inc.'s holdings in Invesco QQQ were worth $9,323,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of QQQ. Bridge Generations Wealth Management LLC acquired a new position in shares of Invesco QQQ in the 4th quarter valued at about $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in Invesco QQQ in the fourth quarter worth about $36,000. Alpine Bank Wealth Management bought a new position in Invesco QQQ in the first quarter worth about $50,000. Banque Transatlantique SA acquired a new position in Invesco QQQ in the fourth quarter valued at approximately $57,000. Finally, Perritt Capital Management Inc bought a new position in shares of Invesco QQQ during the fourth quarter valued at approximately $61,000. Institutional investors own 44.58% of the company's stock.
Invesco QQQ Stock Up 0.3%
Shares of Invesco QQQ stock traded up $1.87 on Friday, reaching $548.09. 57,440,636 shares of the company were exchanged, compared to its average volume of 38,939,323. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $549.90. The company's 50-day moving average is $507.68 and its two-hundred day moving average is $503.87.
Invesco QQQ Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be paid a $0.5911 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend is Monday, June 23rd.
About Invesco QQQ
(
Free Report)
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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