Roman Butler Fullerton & Co. reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 60.9% during the 1st quarter, Holdings Channel.com reports. The fund owned 2,431 shares of the exchange traded fund’s stock after selling 3,781 shares during the quarter. Roman Butler Fullerton & Co.’s holdings in Invesco QQQ were worth $1,473,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Invesco QQQ in the 4th quarter valued at about $25,000. Shcp LLC purchased a new position in Invesco QQQ during the 3rd quarter worth approximately $27,000. Annis Gardner Whiting Capital Advisors LLC grew its stake in Invesco QQQ by 2,150.0% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 43 shares during the last quarter. Rachor Investment Advisory Services LLC acquired a new position in Invesco QQQ during the fourth quarter worth approximately $29,000. Finally, Islay Capital Management LLC acquired a new position in Invesco QQQ during the fourth quarter worth approximately $32,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.
Invesco QQQ News Roundup
Here are the key news stories impacting Invesco QQQ this week:
- Positive Sentiment: Investors are still viewing QQQ as a go-to way to buy the tech-heavy Nasdaq-100, with multiple articles highlighting it as a strong dip-buying vehicle and noting heavy recent trading activity in the ETF. Article Title
- Positive Sentiment: Supportive market coverage around the Nasdaq-100 and QQQ suggests continued demand for large-cap growth exposure, which can help the ETF when tech stocks stabilize. Article Title
- Neutral Sentiment: BlackRock launched a cheaper Nasdaq-100 rival, iShares Nasdaq 100 ETF (IQQ), directly challenging Invesco QQQ and potentially pressuring fee-sensitive investor flows over time. Article Title
- Neutral Sentiment: Several pieces noted rising competition in the Nasdaq-100 ETF space and the index’s growing concentration in mega-cap tech, reinforcing QQQ’s dominance while also underscoring valuation and concentration risks. Article Title
- Negative Sentiment: Commentary warning that the AI and Nasdaq-100 trade may be overheating could weigh on sentiment if investors start rotating out of high-growth tech exposure. Article Title
Invesco QQQ Trading Up 1.7%
Invesco QQQ Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, June 22nd will be issued a $0.8135 dividend. This represents a $3.25 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, June 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.73.
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.
Read More
- Five stocks we like better than Invesco QQQ
- PriceSmart Stock Eyes $220 as Chile Expansion Fuels Growth
- Dollar Tree’s Turnaround Is Starting to Take Root
- Why Levi’s Digital Strategy Is Paying Off in a Big Way
- Constellation Brands: Beer Growth and Buybacks Mask Stock’s Slump
Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ – Free Report).
Receive News & Ratings for Invesco QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ and related companies with MarketBeat.com's FREE daily email newsletter.
