Aldebaran Financial Inc. Purchases 710 Shares of Invesco QQQ (NASDAQ:QQQ)

Aldebaran Financial Inc. grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 20.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,211 shares of the exchange traded fund’s stock after acquiring an additional 710 shares during the quarter. Invesco QQQ accounts for 2.8% of Aldebaran Financial Inc.’s holdings, making the stock its 12th biggest position. Aldebaran Financial Inc.’s holdings in Invesco QQQ were worth $2,018,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in QQQ. PVG Asset Management Corp acquired a new position in shares of Invesco QQQ during the 2nd quarter worth about $677,000. Cetera Investment Advisers raised its holdings in Invesco QQQ by 2.6% during the second quarter. Cetera Investment Advisers now owns 1,644,645 shares of the exchange traded fund’s stock worth $787,966,000 after acquiring an additional 41,318 shares in the last quarter. 3Chopt Investment Partners LLC acquired a new position in Invesco QQQ during the second quarter valued at approximately $226,000. Granite Bay Wealth Management LLC grew its stake in Invesco QQQ by 6,215.5% in the second quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock valued at $409,513,000 after purchasing an additional 894,532 shares in the last quarter. Finally, Ted Buchan & Co bought a new position in Invesco QQQ in the second quarter valued at approximately $653,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Up 0.3 %

Shares of Invesco QQQ stock opened at $488.07 on Tuesday. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52. The business’s 50 day moving average is $468.22 and its 200-day moving average is $460.55.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be given a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a yield of 0.55%. The ex-dividend date is Monday, September 23rd.

Invesco QQQ 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.