Worthington Financial Partners LLC Takes Position in Invesco QQQ $QQQ

Worthington Financial Partners LLC acquired a new position in Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 992 shares of the exchange traded fund’s stock, valued at approximately $609,000.

Several other institutional investors have also modified their holdings of the company. Goodman Advisory Group LLC acquired a new position in Invesco QQQ during the third quarter worth about $25,000. University of Texas Texas AM Investment Management Co. acquired a new stake in Invesco QQQ in the 4th quarter valued at about $25,000. Shcp LLC acquired a new stake in Invesco QQQ in the 3rd quarter valued at about $27,000. Annis Gardner Whiting Capital Advisors LLC boosted its position 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 valued at $28,000 after purchasing an additional 43 shares in the last quarter. Finally, Rachor Investment Advisory Services LLC bought a new position in shares of Invesco QQQ during the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Key Stories Impacting Invesco QQQ

Here are the key news stories impacting Invesco QQQ this week:

• Positive Sentiment: Invesco QQQ declared a quarterly dividend of $0.8135 per share, an 11.0% increase from the prior quarter, which can improve investor sentiment toward the fund. Article Title
• Positive Sentiment: Multiple articles highlighted QQQ’s strong long-term performance, including commentary that a modest investment in the ETF a decade ago would now be worth far more, reinforcing its status as a premier growth benchmark. Article Title
• Neutral Sentiment: Broader market and ETF coverage showed U.S. equity funds trading higher at times, suggesting the macro backdrop is supportive but not specific to QQQ alone. Article Title
• Neutral Sentiment: Several Fed-related commentaries pointed to a more hawkish policy tone and less forward guidance, which could pressure rate-sensitive growth stocks even as investors assess the implications for the Nasdaq-100. Article Title

Invesco QQQ Price Performance

Shares of QQQ opened at $740.62 on Friday. The firm’s 50 day moving average is $695.40 and its 200-day moving average is $639.48. Invesco QQQ has a 12-month low of $523.65 and a 12-month high of $748.65.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 22nd will be given a $0.8135 dividend. This represents a $3.25 annualized dividend and a yield of 0.4%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.73. The ex-dividend date 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.