Tempo Wealth LLC Takes $14.38 Million Position in Invesco QQQ $QQQ

Tempo Wealth LLC bought a new position in Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 23,400 shares of the exchange traded fund’s stock, valued at approximately $14,375,000. Invesco QQQ comprises about 2.6% of Tempo Wealth LLC’s holdings, making the stock its 10th biggest holding.

A number of other institutional investors have also recently made changes to their positions in the stock. Goodman Advisory Group LLC bought a new position in Invesco QQQ in the third quarter valued at $25,000. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Invesco QQQ in the 4th quarter valued at $25,000. Shcp LLC purchased a new stake in shares of Invesco QQQ in the 3rd quarter valued at $27,000. Annis Gardner Whiting Capital Advisors LLC grew 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 valued at $28,000 after purchasing an additional 43 shares during the last quarter. Finally, Rachor Investment Advisory Services LLC bought a new position in shares of Invesco QQQ during the 4th quarter valued at $29,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $740.62 on Friday. The company’s fifty day moving average is $695.40 and its 200 day moving average is $639.48. Invesco QQQ has a 52 week low of $523.65 and a 52 week high of $748.65.

Invesco QQQ Increases Dividend

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

Invesco QQQ News Roundup

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 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.