Invesco QQQ $QQQ Shares Purchased by Relyea Zuckerberg Hanson LLC

Relyea Zuckerberg Hanson LLC increased its position in Invesco QQQ (NASDAQ:QQQ) by 5.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,120 shares of the exchange traded fund’s stock after acquiring an additional 909 shares during the period. Invesco QQQ makes up about 1.1% of Relyea Zuckerberg Hanson LLC’s portfolio, making the stock its 18th biggest holding. Relyea Zuckerberg Hanson LLC’s holdings in Invesco QQQ were worth $10,459,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in QQQ. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Invesco QQQ in the fourth quarter worth about $25,000. Annis Gardner Whiting Capital Advisors LLC boosted its position in Invesco QQQ by 2,150.0% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock valued at $28,000 after buying an additional 43 shares during the last quarter. Shcp LLC acquired a new position in Invesco QQQ in the 3rd quarter worth approximately $27,000. Rachor Investment Advisory Services LLC acquired a new position in Invesco QQQ in the 4th quarter worth approximately $29,000. Finally, Islay Capital Management LLC purchased a new position in Invesco QQQ during the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

More Invesco QQQ News

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

• Positive Sentiment: Several pieces pointed to QQQ as a favored way to buy the recent tech pullback, including coverage describing it as a top ETF to load up on during the sell-off and highlighting continued investor demand for Nasdaq-100 exposure. Article Title
• Positive Sentiment: Market chatter around strong Nasdaq-100 trading activity and bullish positioning suggests some investors are still betting on a rebound in large-cap growth and AI-related stocks, which can support QQQ. Article Title
• Neutral Sentiment: BlackRock launched a competing Nasdaq-100 ETF, IQQ, which may increase competition in the category, but it also reinforces continued interest in Nasdaq-100 index products overall. Article Title
• Neutral Sentiment: Other articles focused on macro themes such as inflation, Fed policy, geopolitical tensions, and labor data; these can move QQQ through risk appetite, but they do not directly change the ETF’s fundamentals. Article Title
• Negative Sentiment: Several commentary pieces warned that higher inflation, a hawkish Fed, and geopolitical stress could pressure growth stocks and reduce appetite for Nasdaq-heavy exposure, which is a headwind for QQQ. Article Title

Invesco QQQ Stock Performance

QQQ traded up $2.23 during trading on Friday, reaching $725.51. 26,367,856 shares of the company’s stock were exchanged, compared to its average volume of 40,630,508. Invesco QQQ has a 1 year low of $551.56 and a 1 year high of $748.65. The company’s fifty day simple moving average is $718.41 and its 200-day simple moving average is $650.06.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 22nd were paid a $0.8135 dividend. The ex-dividend date was Monday, June 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.73. This represents a $3.25 dividend on an annualized basis and a dividend yield of 0.4%.

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.