Koenig Investment Advisory LLC Makes New $1.91 Million Investment in Invesco QQQ $QQQ

Koenig Investment Advisory LLC purchased a new position in shares of Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,131 shares of the exchange traded fund’s stock, valued at approximately $1,908,000. Invesco QQQ makes up about 1.6% of Koenig Investment Advisory LLC’s investment portfolio, making the stock its 13th largest position.

Several other hedge funds and other institutional investors have also recently made changes to their positions in QQQ. Goodman Advisory Group LLC purchased a new stake in Invesco QQQ in the third quarter valued at about $25,000. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Invesco QQQ during the fourth quarter worth about $25,000. Shcp LLC acquired a new position in shares of Invesco QQQ during the third quarter valued at about $27,000. Annis Gardner Whiting Capital Advisors LLC increased its holdings in shares of Invesco QQQ by 2,150.0% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock valued at $28,000 after acquiring an additional 43 shares in the last quarter. Finally, Rachor Investment Advisory Services LLC purchased a new position in shares of Invesco QQQ in the 4th quarter valued at approximately $29,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Key Invesco QQQ News

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 Price Performance

Shares of Invesco QQQ stock opened at $740.62 on Friday. The company has a 50 day moving average price of $695.40 and a 200 day moving average price of $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 declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 22nd will be paid a dividend of $0.8135 per share. This represents a $3.25 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Monday, June 22nd. This is a positive change 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.