Strategic Advisory Partners LLC Buys Shares of 2,002 Invesco QQQ $QQQ

Strategic Advisory Partners LLC bought a new position in Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 2,002 shares of the exchange traded fund’s stock, valued at approximately $1,230,000. Invesco QQQ accounts for 1.0% of Strategic Advisory Partners LLC’s investment portfolio, making the stock its 9th largest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in QQQ. Goodman Advisory Group LLC bought a new stake in shares of Invesco QQQ in the 3rd quarter valued at $25,000. University of Texas Texas AM Investment Management Co. bought a new position in Invesco QQQ during the fourth quarter worth about $25,000. Shcp LLC acquired a new position in Invesco QQQ in the third quarter valued at about $27,000. Annis Gardner Whiting Capital Advisors LLC grew its stake 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 valued at $28,000 after acquiring an additional 43 shares during the period. Finally, Rachor Investment Advisory Services LLC bought a new stake in shares of Invesco QQQ in the fourth quarter worth about $29,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $740.62 on Friday. The stock’s 50-day moving average is $695.40 and its 200-day moving average is $639.48. Invesco QQQ has a one year low of $523.65 and a one year high of $748.65.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors 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 of this dividend is Monday, June 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.73.

Trending Headlines about Invesco QQQ

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.