Invesco QQQ $QQQ Shares Purchased by BIP Wealth LLC

BIP Wealth LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 20.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,461 shares of the exchange traded fund’s stock after buying an additional 1,117 shares during the period. BIP Wealth LLC’s holdings in Invesco QQQ were worth $3,729,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Goodman Advisory Group LLC bought a new position in Invesco QQQ during the 3rd quarter valued at $25,000. University of Texas Texas AM Investment Management Co. acquired a new position in Invesco QQQ during the 4th quarter worth $25,000. Shcp LLC bought a new stake in shares of Invesco QQQ in the 3rd quarter worth about $27,000. Annis Gardner Whiting Capital Advisors LLC increased its position in shares of Invesco QQQ by 2,150.0% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 43 shares during the last quarter. Finally, Rachor Investment Advisory Services LLC bought a new stake in Invesco QQQ in the fourth quarter valued at about $29,000. 44.58% of the stock is owned by institutional investors and hedge funds.

More Invesco QQQ News

Here are the key news stories impacting Invesco QQQ this week:

• Positive Sentiment: Weaker-than-expected June jobs data helped cool rate-hike fears, which is generally supportive for growth stocks and the Nasdaq-100 holdings that dominate QQQ. Should You Buy the Invesco QQQ ETF After the Recent Nasdaq Sell-Off? History Offers a Crystal-Clear Answer.
• Positive Sentiment: Market commentary says the Nasdaq sell-off may have created a buying opportunity for QQQ after a weak first half for some of America’s biggest growth names. Should You Buy the Invesco QQQ ETF After the Recent Nasdaq Sell-Off? History Offers a Crystal-Clear Answer.
• Positive Sentiment: Reports that stocks and Nasdaq futures were holding up ahead of the payroll release suggest investors remain willing to stay in or add to large-cap tech exposure through QQQ. S&P 500, Nasdaq Futures Climb While Dow Futures Fall Ahead Of Key Jobs Report: META, MU, JACK, CEG Stocks In Focus

Invesco QQQ Trading Up 0.1%

Shares of NASDAQ QQQ opened at $713.61 on Friday. Invesco QQQ has a twelve month low of $549.58 and a twelve month high of $748.65. The business has a 50 day simple moving average of $712.54 and a 200-day simple moving average of $646.26.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Monday, June 22nd will be given a dividend of $0.8135 per share. The ex-dividend date of this dividend is Monday, June 22nd. This represents a $3.25 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost 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.