TMB Capital Partners LLC acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,271 shares of the exchange traded fund’s stock, valued at approximately $780,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Goodman Advisory Group LLC purchased a new stake in shares of Invesco QQQ during the 3rd quarter worth about $25,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Invesco QQQ in the 4th quarter valued at approximately $25,000. Shcp LLC acquired a new position in Invesco QQQ in the third quarter worth approximately $27,000. Annis Gardner Whiting Capital Advisors LLC increased its holdings 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 worth $28,000 after buying an additional 43 shares during the last quarter. Finally, Rachor Investment Advisory Services LLC bought a new position in Invesco QQQ during the fourth quarter valued at approximately $29,000. Hedge funds and other 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: Broad U.S. equity ETFs were higher or stable in intraday trading, suggesting some support for risk assets and large-cap growth exposure. Exchange-Traded Funds, US Equities Higher After Midday
- Positive Sentiment: Market discussion around semiconductors and AI remains a potential tailwind for QQQ because those sectors are key index holdings. Semiconductor Stocks May Be Creating A Stock Market Misalignment
- Neutral Sentiment: ETFs saw unusual volume and investors are watching flows, but the article does not point to a clear QQQ-specific catalyst. 2 ETFs to Watch for Outsized Volume on US Treasury & Dividend
- Neutral Sentiment: Some commentary continues to debate QQQ’s valuation and whether there are cheaper ways to get tech exposure, but this is more of a long-term positioning argument than an immediate stock driver. VOO vs. QQQ — Which Strong Buy-Rated ETF Should You Choose Now?
- Negative Sentiment: Multiple Fed-related articles point to a hawkish policy shift, which could weigh on QQQ by raising discount-rate pressure on high-multiple tech stocks. Fed Chair Warsh in the Spotlight: Will He Advocate Rate Cuts?
- Negative Sentiment: Articles warning that the Fed may not provide forward guidance and could be moving toward rate hikes are a negative backdrop for growth-oriented ETFs like QQQ. New Era for the Fed: Kevin Warsh at the FOMC
Invesco QQQ Trading Up 2.5%
Invesco QQQ Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, June 22nd will be issued a dividend of $0.8135 per share. The ex-dividend date is Monday, June 22nd. This represents a $3.25 dividend on an annualized basis and a dividend yield of 0.4%. This is an increase 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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