Asset Allocation & Management Company LLC Raises Stock Position in Invesco QQQ $QQQ

Asset Allocation & Management Company LLC raised its position in Invesco QQQ (NASDAQ:QQQ) by 18.9% during the 1st quarter, HoldingsChannel.com reports. The firm owned 5,130 shares of the exchange traded fund’s stock after acquiring an additional 815 shares during the period. Invesco QQQ accounts for about 1.1% of Asset Allocation & Management Company LLC’s portfolio, making the stock its 16th largest position. Asset Allocation & Management Company LLC’s holdings in Invesco QQQ were worth $2,961,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Goodman Advisory Group LLC purchased a new stake in shares of Invesco QQQ during the 3rd quarter valued at approximately $25,000. University of Texas Texas AM Investment Management Co. purchased a new position in Invesco QQQ in the fourth quarter worth approximately $25,000. Shcp LLC acquired a new stake in Invesco QQQ during the third quarter worth $27,000. Annis Gardner Whiting Capital Advisors LLC increased its stake in 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 worth $28,000 after acquiring an additional 43 shares during the last quarter. Finally, Rachor Investment Advisory Services LLC purchased a new stake in Invesco QQQ in the fourth quarter valued at $29,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $740.62 on Monday. Invesco QQQ has a 52 week low of $523.65 and a 52 week high of $748.65. The business’s fifty day simple moving average is $695.40 and its 200-day simple moving average is $639.64.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors 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. The ex-dividend date is Monday, June 22nd. This represents a $3.25 annualized dividend and a yield of 0.4%.

Key Headlines Impacting 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

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.