Perkins Coie Trust Co Purchases 980 Shares of Invesco QQQ $QQQ

Perkins Coie Trust Co increased its position in Invesco QQQ (NASDAQ:QQQ) by 327.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,279 shares of the exchange traded fund’s stock after acquiring an additional 980 shares during the period. Perkins Coie Trust Co’s holdings in Invesco QQQ were worth $942,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. CAP Partners LLC raised its stake in shares of Invesco QQQ by 3.5% in the first quarter. CAP Partners LLC now owns 444 shares of the exchange traded fund’s stock worth $256,000 after purchasing an additional 15 shares during the last quarter. Durante & Waters LLC boosted its position in shares of Invesco QQQ by 1.1% during the first quarter. Durante & Waters LLC now owns 1,425 shares of the exchange traded fund’s stock valued at $822,000 after buying an additional 15 shares during the last quarter. Roxbury Financial LLC boosted its position in shares of Invesco QQQ by 19.7% during the second quarter. Roxbury Financial LLC now owns 91 shares of the exchange traded fund’s stock valued at $67,000 after buying an additional 15 shares during the last quarter. GoalVest Advisory LLC increased its holdings in Invesco QQQ by 0.5% in the 2nd quarter. GoalVest Advisory LLC now owns 3,016 shares of the exchange traded fund’s stock worth $2,221,000 after buying an additional 15 shares in the last quarter. Finally, Forty three Eighteen Advisors LLC increased its holdings in Invesco QQQ by 0.6% in the 1st quarter. Forty three Eighteen Advisors LLC now owns 2,694 shares of the exchange traded fund’s stock worth $1,555,000 after buying an additional 16 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $720.87 on Tuesday. The business has a 50-day simple moving average of $713.75 and a two-hundred day simple moving average of $662.21. 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 disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 22nd were issued a dividend of $0.8135 per share. The ex-dividend date of this dividend was Monday, June 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.73. This represents a $3.25 annualized dividend and a dividend yield of 0.5%.

Invesco QQQ News Summary

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

• Positive Sentiment: QQQ attracted approximately $10.2 billion in inflows last week, making it the leading recipient among U.S.-listed ETFs. The shift into QQQ came as investors took profits from semiconductor funds, signaling continued preference for diversified large-cap technology exposure. Semiconductor ETFs See Profit-Taking as Investors Pile Into QQQ
• Positive Sentiment: Market breadth within the Nasdaq-100 improved to its strongest level in more than a year, with about 70% of QQQ holdings trading above their 200-day moving averages. Broad participation can make the technology-led rally more durable than a narrow advance concentrated in a few mega-cap stocks. Nasdaq 100 Breadth Hits Its Strongest Level in Over a Year
• Positive Sentiment: Analysts cited historical momentum, potentially easier Federal Reserve policy and earnings strength from market leaders as reasons the broader technology market could move higher, providing a favorable backdrop for QQQ. Why Momentum, Fed Liquidity, & Tech Beats Signal More Upside
• Neutral Sentiment: Commentary on Nasdaq investing identifies continued technology leadership and earnings as potential catalysts, but also highlights interest-rate, valuation and concentration risks for QQQ investors. A Guide to Nasdaq ETF Investing
• Negative Sentiment: QQQ charges roughly 0.20% annually, versus about 0.15% for the nearly identical QQQM fund. The fee gap could encourage cost-sensitive investors to favor QQQM, creating a competitive disadvantage for QQQ over time. Same 100 Stocks, Different Price
• Negative Sentiment: Potentially higher inflation and interest rates could pressure high-growth technology valuations, while other market commentary warns that stocks may have already advanced too quickly. These risks could explain why QQQ has recently traded lower despite strong fund flows. The July CPI Report May Reveal Why Rates Are Headed Even Higher

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.