Carmel Capital Partners LLC Buys New Stake in Invesco QQQ $QQQ

Carmel Capital Partners LLC acquired a new position in Invesco QQQ (NASDAQ:QQQ) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,043 shares of the exchange traded fund’s stock, valued at approximately $1,756,000.

Several other large investors also recently bought and sold shares of QQQ. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Invesco QQQ during the fourth quarter valued at $25,000. Shcp LLC purchased a new position in Invesco QQQ during the third quarter valued at approximately $27,000. Annis Gardner Whiting Capital Advisors LLC lifted its stake 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 valued at $28,000 after purchasing an additional 43 shares during the period. Rachor Investment Advisory Services LLC acquired a new position in shares of Invesco QQQ in the fourth quarter worth about $29,000. Finally, Islay Capital Management LLC purchased a new position in Invesco QQQ during the fourth quarter worth approximately $32,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $725.51 on Friday. The company’s fifty day moving average price is $718.41 and its 200 day moving average price is $650.06. Invesco QQQ has a 1 year low of $551.56 and a 1 year high of $748.65.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 22nd were issued a $0.8135 dividend. This represents a $3.25 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, June 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.73.

More Invesco QQQ News

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

• Positive Sentiment: Several pieces pointed to QQQ as a favored way to buy the recent tech pullback, including coverage describing it as a top ETF to load up on during the sell-off and highlighting continued investor demand for Nasdaq-100 exposure. Article Title
• Positive Sentiment: Market chatter around strong Nasdaq-100 trading activity and bullish positioning suggests some investors are still betting on a rebound in large-cap growth and AI-related stocks, which can support QQQ. Article Title
• Neutral Sentiment: BlackRock launched a competing Nasdaq-100 ETF, IQQ, which may increase competition in the category, but it also reinforces continued interest in Nasdaq-100 index products overall. Article Title
• Neutral Sentiment: Other articles focused on macro themes such as inflation, Fed policy, geopolitical tensions, and labor data; these can move QQQ through risk appetite, but they do not directly change the ETF’s fundamentals. Article Title
• Negative Sentiment: Several commentary pieces warned that higher inflation, a hawkish Fed, and geopolitical stress could pressure growth stocks and reduce appetite for Nasdaq-heavy exposure, which is a headwind for QQQ. 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.