Claris Financial LLC Buys New Shares in Invesco QQQ $QQQ

Claris Financial LLC bought a new stake in Invesco QQQ (NASDAQ:QQQ) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,070 shares of the exchange traded fund’s stock, valued at approximately $657,000.

Other large investors have also recently added to or reduced their stakes in the company. Carrera Capital Advisors raised its stake in shares of Invesco QQQ by 99.3% in the 4th quarter. Carrera Capital Advisors now owns 2,316 shares of the exchange traded fund’s stock valued at $1,423,000 after acquiring an additional 1,154 shares during the period. Sovran Advisors LLC boosted its position in Invesco QQQ by 8.0% during the 4th quarter. Sovran Advisors LLC now owns 18,032 shares of the exchange traded fund’s stock worth $11,212,000 after purchasing an additional 1,340 shares during the period. Corepath Wealth Partners LLC increased its holdings in Invesco QQQ by 19.7% in the 4th quarter. Corepath Wealth Partners LLC now owns 8,723 shares of the exchange traded fund’s stock valued at $5,471,000 after purchasing an additional 1,436 shares in the last quarter. Cane Capital Partners LLC acquired a new stake in Invesco QQQ in the 4th quarter valued at $715,000. Finally, Coyle Financial Counsel LLC raised its position in Invesco QQQ by 4.9% in the third quarter. Coyle Financial Counsel LLC now owns 43,458 shares of the exchange traded fund’s stock valued at $26,091,000 after purchasing an additional 2,035 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ News Roundup

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

• Positive Sentiment: Broad U.S. equity ETFs were higher or stable in intraday trading, suggesting some support for risk assets and large-cap growth exposure. Exchange-Traded Funds, US Equities Higher After Midday
• Positive Sentiment: Market discussion around semiconductors and AI remains a potential tailwind for QQQ because those sectors are key index holdings. Semiconductor Stocks May Be Creating A Stock Market Misalignment
• Neutral Sentiment: ETFs saw unusual volume and investors are watching flows, but the article does not point to a clear QQQ-specific catalyst. 2 ETFs to Watch for Outsized Volume on US Treasury & Dividend
• Neutral Sentiment: Some commentary continues to debate QQQ’s valuation and whether there are cheaper ways to get tech exposure, but this is more of a long-term positioning argument than an immediate stock driver. VOO vs. QQQ — Which Strong Buy-Rated ETF Should You Choose Now?
• Negative Sentiment: Multiple Fed-related articles point to a hawkish policy shift, which could weigh on QQQ by raising discount-rate pressure on high-multiple tech stocks. Fed Chair Warsh in the Spotlight: Will He Advocate Rate Cuts?
• Negative Sentiment: Articles warning that the Fed may not provide forward guidance and could be moving toward rate hikes are a negative backdrop for growth-oriented ETFs like QQQ. New Era for the Fed: Kevin Warsh at the FOMC

Invesco QQQ Stock Performance

Shares of QQQ opened at $740.62 on Friday. The stock’s 50-day moving average is $692.71 and its two-hundred day moving average is $638.77. Invesco QQQ has a 12 month low of $523.65 and a 12 month high of $748.65.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 22nd will be issued a $0.8135 dividend. The ex-dividend date is Monday, June 22nd. This represents a $3.25 dividend on an annualized basis and a yield of 0.4%. 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.