Sather Financial Group Inc Purchases Shares of 1,153 Invesco QQQ (NASDAQ:QQQ)

Sather Financial Group Inc purchased a new stake in Invesco QQQ (NASDAQ:QQQ) in the 3rd quarter, Holdings Channel.com reports. The fund purchased 1,153 shares of the exchange traded fund’s stock, valued at approximately $563,000.

Several other institutional investors also recently bought and sold shares of the business. Northeast Investment Management increased its stake in shares of Invesco QQQ by 0.6% during the third quarter. Northeast Investment Management now owns 3,476 shares of the exchange traded fund’s stock valued at $1,697,000 after acquiring an additional 20 shares during the period. Planning Capital Management Corp increased its stake in shares of Invesco QQQ by 7.1% during the third quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock valued at $146,000 after acquiring an additional 20 shares during the period. Prospect Financial Services LLC boosted its holdings in Invesco QQQ by 0.3% during the second quarter. Prospect Financial Services LLC now owns 6,385 shares of the exchange traded fund’s stock worth $3,059,000 after buying an additional 21 shares in the last quarter. Skyline Advisors Inc. boosted its holdings in Invesco QQQ by 5.0% during the third quarter. Skyline Advisors Inc. now owns 441 shares of the exchange traded fund’s stock worth $215,000 after buying an additional 21 shares in the last quarter. Finally, Madden Advisory Services Inc. boosted its holdings in Invesco QQQ by 0.9% during the third quarter. Madden Advisory Services Inc. now owns 2,487 shares of the exchange traded fund’s stock worth $1,214,000 after buying an additional 21 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $496.57 on Friday. Invesco QQQ has a 1-year low of $382.66 and a 1-year high of $515.58. The company has a 50 day moving average price of $489.33 and a 200 day moving average price of $474.46.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 23rd were issued a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date was 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.