J. M. Brown & Associates Inc. acquired a new position in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 986 shares of the exchange traded fund’s stock, valued at approximately $726,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of QQQ. University of Texas Texas AM Investment Management Co. acquired a new position in Invesco QQQ during the fourth quarter worth $25,000. Shcp LLC acquired a new position in shares of Invesco QQQ during the 3rd quarter worth about $27,000. Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of Invesco QQQ by 2,150.0% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock valued at $28,000 after acquiring an additional 43 shares in the last quarter. Parvin Asset Management LLC bought a new position in shares of Invesco QQQ in the 1st quarter valued at about $28,000. Finally, Rachor Investment Advisory Services LLC acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at about $29,000. Institutional investors and hedge funds own 44.58% of the company’s stock.
Invesco QQQ News Roundup
Here are the key news stories impacting Invesco QQQ this week:
- Positive Sentiment: QQQ remains supported by strong year-to-date performance, with the Nasdaq-100’s gains suggesting that Wall Street still sees potential for additional upside despite recent volatility. Invesco QQQ Trust ETF Is Up 19% YTD
- Positive Sentiment: Invesco recorded substantial ETF inflows, indicating continued investor demand for its products and potentially reinforcing confidence in the broader Invesco platform. ETF League Tables: Invesco Registers Inflows
- Neutral Sentiment: QQQ and QQQM provide similar Nasdaq-100 exposure; comparisons emphasize QQQ’s liquidity and trading advantages, while QQQM may appeal more to long-term investors seeking lower costs. QQQ vs. QQQM
- Negative Sentiment: Market commentary warned that rising Treasury yields and a more complicated Fed outlook could pressure growth-stock valuations by increasing the discount rate applied to future earnings. Fed’s Next Rate Move Just Got More Complicated
- Negative Sentiment: Concerns over excessive AI spending, possible bubble conditions, elevated investor leverage, and weakening consumer sentiment increased the risk of a pullback in QQQ’s heavily weighted technology holdings. Macro Insights: AI Capex and Rising Yields
Invesco QQQ Trading Down 1.7%
Invesco QQQ Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 22nd were paid a dividend of $0.8135 per share. The ex-dividend date was Monday, June 22nd. This represents a $3.25 dividend on an annualized basis and a dividend yield of 0.5%. This is an increase 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.
See Also
- Five stocks we like better than Invesco QQQ
- The AI Boom Is Turning This Cable Maker Into a Stock to Watch
- A Star Investor Just Trimmed Amazon—Here’s What It means
- Wendy’s Deal Buzz May Give Fast-Food Investors a New Reason to Look
- Home Depot Analysts See a Path to $375 and Beyond
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.
