Invesco QQQ $QQQ Shares Sold by Anchor Investment Management LLC

Anchor Investment Management LLC reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 39.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,608 shares of the exchange traded fund’s stock after selling 15,284 shares during the quarter. Invesco QQQ accounts for 1.2% of Anchor Investment Management LLC’s holdings, making the stock its 18th largest position. Anchor Investment Management LLC’s holdings in Invesco QQQ were worth $14,502,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Goodman Advisory Group LLC acquired a new stake in Invesco QQQ in the 3rd quarter worth about $25,000. 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 lifted its stake in shares of 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 in the last quarter. Shcp LLC acquired a new position in Invesco QQQ during the third quarter worth about $27,000. Finally, Rachor Investment Advisory Services LLC acquired a new position in Invesco QQQ during the fourth quarter worth about $29,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $740.62 on Friday. Invesco QQQ has a 12-month low of $523.65 and a 12-month high of $748.65. The company has a 50-day moving average of $695.40 and a 200 day moving average of $639.48.

Invesco QQQ Increases Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 0.4%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.73.

Invesco QQQ News Summary

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 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.