Nadler Financial Group Inc. Purchases 1,861 Shares of Invesco QQQ (NASDAQ:QQQ)

Nadler Financial Group Inc. lifted its holdings in Invesco QQQ (NASDAQ:QQQ) by 10.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 19,498 shares of the exchange traded fund’s stock after purchasing an additional 1,861 shares during the period. Invesco QQQ comprises approximately 1.1% 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 $7,985,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Red Tortoise LLC boosted its position in shares of Invesco QQQ by 370.0% in the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 74 shares during the period. Friedenthal Financial bought a new stake in Invesco QQQ during the fourth quarter valued at about $41,000. Bear Mountain Capital Inc. bought a new stake in Invesco QQQ during the fourth quarter valued at about $42,000. Core Wealth Advisors Inc. lifted its position in shares of Invesco QQQ by 33.3% in the third quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock valued at $43,000 after acquiring an additional 30 shares in the last quarter. Finally, Blume Capital Management Inc. boosted its stake in shares of Invesco QQQ by 104.0% in the third quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock worth $48,000 after acquiring an additional 3,500 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.5 %

QQQ traded up $6.38 on Friday, hitting $430.83. 23,548,354 shares of the company’s stock traded hands, compared to its average volume of 45,903,520. The company’s 50 day simple moving average is $436.87 and its 200-day simple moving average is $409.67. Invesco QQQ has a one year low of $315.05 and a one year high of $449.34.

Invesco QQQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th will be given a dividend of $0.5735 per share. This represents a $2.29 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend is Monday, March 18th.

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.