Invesco QQQ (NASDAQ:QQQ) Position Reduced by Ausdal Financial Partners Inc.

Ausdal Financial Partners Inc. cut its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 26,772 shares of the exchange traded fund’s stock after selling 287 shares during the period. Invesco QQQ comprises 1.4% of Ausdal Financial Partners Inc.’s holdings, making the stock its 11th largest position. Ausdal Financial Partners Inc.’s holdings in Invesco QQQ were worth $13,066,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Peoples Bank KS increased its holdings in shares of Invesco QQQ by 1.4% in the 3rd quarter. Peoples Bank KS now owns 9,183 shares of the exchange traded fund’s stock valued at $4,482,000 after purchasing an additional 130 shares during the period. HBW Advisory Services LLC increased its holdings in Invesco QQQ by 48.3% in the third quarter. HBW Advisory Services LLC now owns 52,548 shares of the exchange traded fund’s stock worth $25,647,000 after buying an additional 17,104 shares during the last quarter. First Citizens Financial Corp increased its holdings in Invesco QQQ by 49.8% in the third quarter. First Citizens Financial Corp now owns 4,063 shares of the exchange traded fund’s stock worth $1,983,000 after buying an additional 1,350 shares during the last quarter. Duncan Williams Asset Management LLC increased its holdings in Invesco QQQ by 13.3% in the third quarter. Duncan Williams Asset Management LLC now owns 10,962 shares of the exchange traded fund’s stock worth $5,350,000 after buying an additional 1,284 shares during the last quarter. Finally, Private Client Services LLC grew its holdings in Invesco QQQ by 13.0% during the third quarter. Private Client Services LLC now owns 6,315 shares of the exchange traded fund’s stock valued at $3,082,000 after purchasing an additional 727 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 1.2 %

QQQ stock traded up $5.73 during midday trading on Friday, hitting $487.32. 30,686,999 shares of the company traded hands, compared to its average volume of 39,685,844. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52. The business has a 50 day simple moving average of $469.56 and a 200-day simple moving average of $461.52.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be given a $0.677 dividend. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $2.71 annualized dividend 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.