Bank of New York Mellon Corp Has $62.56 Million Stake in Invesco QQQ $QQQ

Bank of New York Mellon Corp boosted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 4.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 101,842 shares of the exchange traded fund’s stock after acquiring an additional 4,071 shares during the quarter. Bank of New York Mellon Corp’s holdings in Invesco QQQ were worth $62,563,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Well Done LLC raised its position in shares of Invesco QQQ by 0.5% in the fourth quarter. Well Done LLC now owns 3,439 shares of the exchange traded fund’s stock valued at $2,113,000 after purchasing an additional 16 shares during the period. Tenon Financial LLC grew its stake in shares of Invesco QQQ by 2.2% in the fourth quarter. Tenon Financial LLC now owns 805 shares of the exchange traded fund’s stock valued at $494,000 after acquiring an additional 17 shares in the last quarter. SJS Investment Consulting Inc. grew its stake in shares of Invesco QQQ by 1.7% in the fourth quarter. SJS Investment Consulting Inc. now owns 1,017 shares of the exchange traded fund’s stock valued at $625,000 after acquiring an additional 17 shares in the last quarter. Cascade Investment Group Inc. grew its stake in shares of Invesco QQQ by 4.6% in the fourth quarter. Cascade Investment Group Inc. now owns 388 shares of the exchange traded fund’s stock valued at $238,000 after acquiring an additional 17 shares in the last quarter. Finally, Keeler & Nadler Financial Planning & Wealth Management grew its stake in shares of Invesco QQQ by 3.0% in the fourth quarter. Keeler & Nadler Financial Planning & Wealth Management now owns 576 shares of the exchange traded fund’s stock valued at $354,000 after acquiring an additional 17 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

QQQ stock opened at $707.83 on Wednesday. The company’s 50-day simple moving average is $672.66 and its 200 day simple moving average is $632.91. Invesco QQQ has a 52 week low of $523.65 and a 52 week high of $748.65.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a $0.7328 dividend. The ex-dividend date was Monday, March 23rd. This represents a $2.93 annualized dividend and a dividend yield of 0.4%.

Trending Headlines about Invesco QQQ

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

• Positive Sentiment: QQQ is benefiting from a rebound in chip and large-cap tech stocks, which has helped lift the Nasdaq-100 and supported the ETF after last week’s weakness. Invesco QQQ Trust ETF (QQQ) Rebounds from Last Week’s Slump; What’s Fueling the Rise?
• Positive Sentiment: Investors are still treating big tech as a relative safe haven, which can help sustain demand for the Nasdaq-100 and QQQ if risk-off themes persist. How Big Tech Became The Market’s New Safe Haven
• Neutral Sentiment: Upcoming inflation data and other macro releases could move rates and growth-stock valuations, creating a near-term catalyst but not a clear one-way signal for QQQ. Plenty of Data Ahead of CPI, SPCX
• Neutral Sentiment: News that SpaceX could join the Nasdaq-100 sooner under revised rules is stirring interest in index composition, though the impact on QQQ is still speculative. SpaceX Could Join the Nasdaq-100 Very Soon. Should You Buy the Invesco QQQ Trust Today?
• Negative Sentiment: Several reports warn that mega-IPOs, rising oil prices, and geopolitical risk could pressure the Nasdaq-100’s rally and increase volatility for QQQ. Mega IPOs Pose Leveraged Downside Risk For The Nasdaq 100
• Negative Sentiment: Broader market caution remains after Friday’s tech pullback and renewed Middle East tensions, which could keep pressure on growth and AI-heavy names inside QQQ. The Nasdaq is Rebounding on Monday. But Rising Oil Prices Still Threaten the AI Trade.

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.