Zhang Financial LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 9.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,610 shares of the exchange traded fund’s stock after purchasing an additional 941 shares during the quarter. Zhang Financial LLC’s holdings in Invesco QQQ were worth $6,124,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. University of Texas Texas AM Investment Management Co. acquired a new stake in Invesco QQQ during the fourth quarter worth about $25,000. Shcp LLC acquired a new position in shares of Invesco QQQ in the 3rd quarter valued at approximately $27,000. Annis Gardner Whiting Capital Advisors LLC lifted 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. Rachor Investment Advisory Services LLC bought a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $29,000. Finally, Islay Capital Management LLC bought a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $32,000. Institutional investors own 44.58% of the company’s stock.
Trending Headlines about Invesco QQQ
Here are the key news stories impacting Invesco QQQ this week:
- Positive Sentiment: Apple is outperforming and hitting fresh records, which helps support QQQ because AAPL is one of its largest holdings. AAPL Stock Hits Fresh Record As July Rally Nears Best Month In Nearly 4 Years — HSBC Sees Another 10% Upside
- Neutral Sentiment: New ETF launches and commentary continue to highlight investor interest in Nasdaq and tech income strategies, but these are not strong enough to move QQQ on their own. Meet TMGN, the 0.88 Fee ETF Betting on Tech Giants and Options Income
- Neutral Sentiment: Broad-market ETFs and U.S. equities were mixed to lower intraday, suggesting overall risk appetite has softened. Exchange-Traded Funds Fall as US Equities Decline After Midday
- Negative Sentiment: Chip stocks are under pressure on TSMC capex concerns, hurting the semiconductor-heavy portion of the Nasdaq-100 and weighing on QQQ. S&P 500, Nasdaq, Dow End Lower As Chip Stocks Slide On TSMC Capex Concerns — TSM, MU, NVDA, UNH, GOOGL In Focus
- Negative Sentiment: Tech and momentum stocks are seeing some of the highest volatility in decades, adding to pressure on the Nasdaq-100 and QQQ. The Tech Shakeout: Market Extremes & Gavin Baker’s Bold Call
Invesco QQQ Trading Down 1.5%
Invesco QQQ Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 22nd were paid a $0.8135 dividend. This represents a $3.25 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was 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.
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