Stenger Family Office LLC purchased a new position in Invesco QQQ (NASDAQ:QQQ – Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 710 shares of the exchange traded fund’s stock, valued at approximately $410,000.
Other hedge funds have also recently bought and sold shares of the company. University of Texas Texas AM Investment Management Co. purchased a new stake in Invesco QQQ during the fourth quarter worth $25,000. Shcp LLC acquired a new stake in Invesco QQQ in the third quarter valued at $27,000. Annis Gardner Whiting Capital Advisors LLC increased its position in shares of Invesco QQQ by 2,150.0% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock valued at $28,000 after buying an additional 43 shares in the last quarter. Rachor Investment Advisory Services LLC acquired a new position in shares of Invesco QQQ during the 4th quarter worth $29,000. Finally, Islay Capital Management LLC acquired a new position in shares of Invesco QQQ during the 4th quarter worth $32,000. 44.58% of the stock is owned by hedge funds and other institutional investors.
Invesco QQQ News Roundup
Here are the key news stories impacting Invesco QQQ this week:
- Positive Sentiment: QQQ continues to be viewed as a relatively resilient way to own the AI and tech trade, with commentary noting it absorbed recent tech turbulence better than more concentrated names like CoreWeave. CRWV Vs. QQQ: Buy CoreWeave for Explosive AI Alpha or Hold QQQ for Insulated Macro Safety?
- Positive Sentiment: SpaceX’s addition to the Nasdaq-100 is seen as a modest tailwind for index funds like QQQ, since passive funds tracking the Nasdaq-100 have to own the new constituent. SpaceX Is Joining the Nasdaq-100 This Week. What This Means for Invesco QQQ Investors.
- Neutral Sentiment: Several articles highlight how dominant the Nasdaq-100 has become in growth ETF flows, which supports QQQ’s importance but also reinforces that investors are crowded into the same mega-cap names. The Nasdaq 100 Now Controls a Quarter of Every Growth ETF Dollar
- Neutral Sentiment: BlackRock’s planned cheaper Nasdaq-100 ETF may increase competition for QQQ, but it does not change the fund’s holdings or near-term market exposure. QQQ, Meet IQQ. BlackRock Is Launching a Cheaper Nasdaq-100 ETF.
- Negative Sentiment: Broader market weakness tied to U.S.-Iran tensions, higher oil prices, and rising Treasury yields weighed on tech and chip stocks, which can pressure QQQ because of its heavy concentration in those sectors. Dow Ends Lower To Record Worst Day In Nearly A Month As US-Iran Jitters Push Oil Prices
- Negative Sentiment: Market commentary is increasingly focused on AI-trade fatigue and concentration risk in the Nasdaq, raising concerns that the rally may be vulnerable if the biggest growth names weaken. Broadcom Stock: The 1 Number That Could Tell You a Market Turn Is Coming
Invesco QQQ Trading Up 0.3%
Invesco QQQ Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 22nd will be issued a dividend of $0.8135 per share. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.73. The ex-dividend date is Monday, June 22nd. This represents a $3.25 annualized dividend and a yield of 0.5%.
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.
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