Invesco QQQ (NASDAQ:QQQ) Stock Position Lessened by Aldebaran Financial Inc.

Aldebaran Financial Inc. decreased its holdings in Invesco QQQ (NASDAQ:QQQ) by 36.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,693 shares of the exchange traded fund’s stock after selling 1,518 shares during the quarter. Invesco QQQ accounts for approximately 1.6% of Aldebaran Financial Inc.’s holdings, making the stock its 15th largest position. Aldebaran Financial Inc.’s holdings in Invesco QQQ were worth $1,314,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of QQQ. Northeast Investment Management lifted its holdings in shares of Invesco QQQ by 0.6% in the third quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock valued at $1,697,000 after purchasing an additional 20 shares in the last quarter. Planning Capital Management Corp increased its position in shares of Invesco QQQ by 7.1% in the third quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock valued at $146,000 after acquiring an additional 20 shares during the last quarter. Skyline Advisors Inc. increased its position in shares of Invesco QQQ by 5.0% in the third quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock valued at $215,000 after acquiring an additional 21 shares during the last quarter. Madden Advisory Services Inc. increased its position in shares of Invesco QQQ by 0.9% in the third quarter. Madden Advisory Services Inc. now owns 2,487 shares of the exchange traded fund’s stock valued at $1,214,000 after acquiring an additional 21 shares during the last quarter. Finally, Meridian Management Co. increased its position in shares of Invesco QQQ by 0.6% in the third quarter. Meridian Management Co. now owns 3,361 shares of the exchange traded fund’s stock valued at $1,640,000 after acquiring an additional 21 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.8 %

NASDAQ:QQQ opened at $529.92 on Thursday. The stock’s 50-day simple moving average is $501.06 and its 200 day simple moving average is $482.65. Invesco QQQ has a 52-week low of $394.41 and a 52-week high of $530.61.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were given a $0.677 dividend. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend was Monday, September 23rd.

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.