Aldebaran Financial Inc. Sells 1,518 Shares of Invesco QQQ (NASDAQ:QQQ)

Aldebaran Financial Inc. lessened its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 36.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,693 shares of the exchange traded fund's stock after selling 1,518 shares during the quarter. Invesco QQQ makes up about 1.6% of Aldebaran Financial Inc.'s portfolio, making the stock its 15th biggest position. Aldebaran Financial Inc.'s holdings in Invesco QQQ were worth $1,314,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Socha Financial Group LLC raised its position in Invesco QQQ by 2.4% in the 3rd quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund's stock valued at $44,732,000 after buying an additional 2,171 shares during the last quarter. Archer Investment Corp increased its position in shares of Invesco QQQ by 10.2% during the 3rd quarter. Archer Investment Corp now owns 43,603 shares of the exchange traded fund's stock worth $21,281,000 after purchasing an additional 4,025 shares during the last quarter. Bank Hapoalim BM increased its position in shares of Invesco QQQ by 5.5% during the 3rd quarter. Bank Hapoalim BM now owns 121,397 shares of the exchange traded fund's stock worth $59,250,000 after purchasing an additional 6,347 shares during the last quarter. Garden State Investment Advisory Services LLC increased its position in shares of Invesco QQQ by 20.7% during the 3rd quarter. Garden State Investment Advisory Services LLC now owns 33,082 shares of the exchange traded fund's stock worth $16,191,000 after purchasing an additional 5,673 shares during the last quarter. Finally, Marco Investment Management LLC increased its position in shares of Invesco QQQ by 48.1% during the 3rd quarter. Marco Investment Management LLC now owns 9,621 shares of the exchange traded fund's stock worth $4,696,000 after purchasing an additional 3,123 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ traded down $2.84 during midday trading on Thursday, hitting $527.08. 18,411,627 shares of the company's stock were exchanged, compared to its average volume of 37,215,059. Invesco QQQ has a 12 month low of $395.34 and a 12 month high of $530.61. The company's 50 day moving average price is $502.02 and its 200 day moving average price is $482.98.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were paid a dividend of $0.677 per share. The ex-dividend date was Monday, September 23rd. This represents a $2.71 annualized dividend and a dividend yield of 0.51%.

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.