Bienville Capital Management LLC Has $3.87 Million Stake in Invesco QQQ $QQQ

Bienville Capital Management LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 222.2% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 5,252 shares of the exchange traded fund’s stock after buying an additional 3,622 shares during the period. Bienville Capital Management LLC’s holdings in Invesco QQQ were worth $3,872,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Brighton Jones LLC raised its position in Invesco QQQ by 15.0% in the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after buying an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in shares of Invesco QQQ by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after acquiring an additional 176 shares in the last quarter. Jupiter Wealth Management LLC bought a new position in shares of Invesco QQQ during the 2nd quarter worth approximately $290,000. Wealth Group Ltd. lifted its position in shares of Invesco QQQ by 283.7% in the second quarter. Wealth Group Ltd. now owns 24,629 shares of the exchange traded fund’s stock worth $13,587,000 after purchasing an additional 18,210 shares in the last quarter. Finally, Invesco Ltd. grew its position in Invesco QQQ by 1,057.3% in the second quarter. Invesco Ltd. now owns 33,063 shares of the exchange traded fund’s stock valued at $18,239,000 after purchasing an additional 30,206 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $716.31 on Thursday. The business has a 50-day moving average of $710.61 and a 200-day moving average of $678.22. Invesco QQQ has a fifty-two week low of $555.60 and a fifty-two week high of $748.65.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 22nd were paid a $0.8135 dividend. 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 yield of 0.5%. The ex-dividend date was Monday, June 22nd.

Key Stories Impacting Invesco QQQ

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

• Positive Sentiment: Some market commentary remains supportive of growth stocks, arguing that the Federal Reserve is unlikely to raise interest rates and that investors could continue to “ride the bull.” Lower or stable rates generally benefit QQQ’s rate-sensitive technology holdings. There Will Be No Fed Rate Hikes
• Positive Sentiment: Invesco QQQ is sponsoring the Atlanta Food & Wine Festival for a 16th year. The event provides brand visibility for Invesco, although it is unlikely to materially affect QQQ’s net asset value or near-term trading. Atlanta Food & Wine Festival Presented by Invesco QQQ
• Neutral Sentiment: Articles comparing QQQ with leveraged ETF TQQQ explain that daily-reset mechanics, volatility drag and financing costs prevent TQQQ from delivering three times QQQ’s longer-term return. The analysis does not change QQQ’s holdings but highlights the fund’s role as the unleveraged Nasdaq-100 benchmark. TQQQ Gained 59.18% While QQQ Gained 24.99%
• Negative Sentiment: Broad-market ETFs declined after midday amid higher oil prices and concerns about inflation, employment and elevated valuations. These pressures are unfavorable for QQQ’s concentrated growth-stock exposure. Exchange-Traded Funds, US Equities Fall After Midday
• Negative Sentiment: Investors are again highlighting that QQQ’s expense ratio is higher than that of comparable Invesco QQQM, which tracks the same Nasdaq-100 Index. That fee gap may encourage long-term investors to favor QQQM, although QQQ retains advantages for liquidity and trading activity. QQQ vs QQQM

Invesco QQQ Company 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.