Paller Financial Services Inc Sells 1,001 Shares of Invesco QQQ $QQQ

Paller Financial Services Inc cut its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 11.3% during the 1st quarter, HoldingsChannel reports. The firm owned 7,877 shares of the exchange traded fund’s stock after selling 1,001 shares during the period. Invesco QQQ comprises 3.8% of Paller Financial Services Inc’s investment portfolio, making the stock its 10th largest position. Paller Financial Services Inc’s holdings in Invesco QQQ were worth $4,547,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Well Done LLC boosted its position in Invesco QQQ by 0.5% in the fourth quarter. Well Done LLC now owns 3,439 shares of the exchange traded fund’s stock valued at $2,113,000 after buying an additional 16 shares in the last quarter. Tenon Financial LLC increased its holdings in shares of Invesco QQQ by 2.2% during the fourth quarter. Tenon Financial LLC now owns 805 shares of the exchange traded fund’s stock worth $494,000 after buying an additional 17 shares in the last quarter. SJS Investment Consulting Inc. increased its holdings in shares of Invesco QQQ by 1.7% during the fourth quarter. SJS Investment Consulting Inc. now owns 1,017 shares of the exchange traded fund’s stock worth $625,000 after buying an additional 17 shares in the last quarter. Cascade Investment Group Inc. lifted its stake in shares of Invesco QQQ by 4.6% in the 4th quarter. Cascade Investment Group Inc. now owns 388 shares of the exchange traded fund’s stock valued at $238,000 after acquiring an additional 17 shares during the last quarter. Finally, Keeler & Nadler Financial Planning & Wealth Management lifted its stake in shares of Invesco QQQ by 3.0% in the 4th quarter. Keeler & Nadler Financial Planning & Wealth Management now owns 576 shares of the exchange traded fund’s stock valued at $354,000 after acquiring an additional 17 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $713.61 on Friday. Invesco QQQ has a twelve month low of $549.58 and a twelve month high of $748.65. The business’s fifty day moving average is $712.54 and its 200 day moving average is $646.26.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 22nd will be given a $0.8135 dividend. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.73. This represents a $3.25 annualized dividend and a yield of 0.5%. The ex-dividend date is Monday, June 22nd.

Key Stories Impacting Invesco QQQ

Here are the key news stories impacting Invesco QQQ this week:

• Positive Sentiment: Weaker-than-expected June jobs data helped cool rate-hike fears, which is generally supportive for growth stocks and the Nasdaq-100 holdings that dominate QQQ. Should You Buy the Invesco QQQ ETF After the Recent Nasdaq Sell-Off? History Offers a Crystal-Clear Answer.
• Positive Sentiment: Market commentary says the Nasdaq sell-off may have created a buying opportunity for QQQ after a weak first half for some of America’s biggest growth names. Should You Buy the Invesco QQQ ETF After the Recent Nasdaq Sell-Off? History Offers a Crystal-Clear Answer.
• Positive Sentiment: Reports that stocks and Nasdaq futures were holding up ahead of the payroll release suggest investors remain willing to stay in or add to large-cap tech exposure through QQQ. S&P 500, Nasdaq Futures Climb While Dow Futures Fall Ahead Of Key Jobs Report: META, MU, JACK, CEG Stocks In Focus

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.