Tudor Financial Inc. Purchases Shares of 6,917 Invesco QQQ (NASDAQ:QQQ)

Tudor Financial Inc. bought a new position in Invesco QQQ (NASDAQ:QQQ - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 6,917 shares of the exchange traded fund's stock, valued at approximately $3,376,000. Invesco QQQ comprises about 2.1% of Tudor Financial Inc.'s investment portfolio, making the stock its 8th largest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Advisory Resource Group lifted its stake in shares of Invesco QQQ by 5.8% in the 3rd quarter. Advisory Resource Group now owns 14,457 shares of the exchange traded fund's stock valued at $7,056,000 after purchasing an additional 791 shares during the last quarter. McIlrath & Eck LLC lifted its position in shares of Invesco QQQ by 15.9% in the third quarter. McIlrath & Eck LLC now owns 20,218 shares of the exchange traded fund's stock worth $9,868,000 after buying an additional 2,767 shares during the last quarter. Discipline Wealth Solutions LLC bought a new stake in shares of Invesco QQQ during the 3rd quarter worth about $837,000. Rehmann Capital Advisory Group increased its holdings in shares of Invesco QQQ by 6.1% during the 3rd quarter. Rehmann Capital Advisory Group now owns 23,616 shares of the exchange traded fund's stock valued at $11,527,000 after acquiring an additional 1,365 shares during the last quarter. Finally, TD Private Client Wealth LLC raised its stake in shares of Invesco QQQ by 4.6% in the 3rd quarter. TD Private Client Wealth LLC now owns 87,295 shares of the exchange traded fund's stock valued at $42,606,000 after acquiring an additional 3,839 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 0.6 %

Invesco QQQ stock traded down $3.42 during trading hours on Thursday, reaching $526.50. 21,867,459 shares of the company were exchanged, compared to its average volume of 37,224,211. Invesco QQQ has a 12 month low of $395.34 and a 12 month high of $530.61. The stock has a 50-day moving average of $502.02 and a 200 day moving average of $482.98.

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 paid a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend was Monday, September 23rd.

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.