PFG Investments LLC grew its stake in Invesco QQQ (NASDAQ:QQQ – Free Report) by 4.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,993 shares of the exchange traded fund’s stock after purchasing an additional 1,558 shares during the quarter. Invesco QQQ comprises about 1.0% of PFG Investments LLC’s holdings, making the stock its 15th biggest holding. PFG Investments LLC’s holdings in Invesco QQQ were worth $22,506,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently modified their holdings of QQQ. Goodman Advisory Group LLC purchased a new stake in Invesco QQQ in the third quarter worth about $25,000. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Invesco QQQ during the 4th quarter worth approximately $25,000. Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of 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 acquiring an additional 43 shares during the period. Shcp LLC bought a new position in shares of Invesco QQQ in the 3rd quarter worth approximately $27,000. Finally, Rachor Investment Advisory Services LLC bought a new position in shares of Invesco QQQ in the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.
Invesco QQQ News Summary
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
Invesco QQQ Stock Performance
Invesco QQQ Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 22nd will be given a dividend of $0.8135 per share. This is an increase 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 of this dividend is Monday, June 22nd.
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.
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