Osbon Capital Management LLC Makes New $11.57 Million Investment in Invesco QQQ $QQQ

Osbon Capital Management LLC bought a new stake in Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 18,837 shares of the exchange traded fund’s stock, valued at approximately $11,571,000. Invesco QQQ accounts for about 10.8% of Osbon Capital Management LLC’s portfolio, making the stock its 3rd largest position.

Several other large investors also recently modified their holdings of the business. Goodman Advisory Group LLC acquired a new stake in Invesco QQQ during the 3rd quarter worth approximately $25,000. University of Texas Texas AM Investment Management Co. bought a new position in Invesco QQQ in the fourth quarter valued at approximately $25,000. Annis Gardner Whiting Capital Advisors LLC boosted its holdings 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 valued at $28,000 after buying an additional 43 shares during the period. Shcp LLC acquired a new position in shares of Invesco QQQ in the third quarter valued at approximately $27,000. Finally, Rachor Investment Advisory Services LLC acquired a new position in shares of Invesco QQQ in the fourth quarter valued at approximately $29,000. 44.58% of the stock is currently owned by institutional investors.

Key Stories 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

Invesco QQQ Price Performance

Shares of QQQ stock opened at $740.62 on Monday. Invesco QQQ has a 12-month low of $523.65 and a 12-month high of $748.65. The firm has a fifty day moving average of $695.40 and a 200-day moving average of $639.64.

Invesco QQQ Increases Dividend

The business 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 $0.8135 dividend. 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 boost from Invesco QQQ’s previous quarterly dividend of $0.73.

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.