Advisortrust Partners LLC Invests $16.74 Million in Invesco QQQ $QQQ

Advisortrust Partners LLC acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, HoldingsChannel reports. The fund acquired 27,245 shares of the exchange traded fund’s stock, valued at approximately $16,737,000. Invesco QQQ accounts for 7.3% of Advisortrust Partners LLC’s investment portfolio, making the stock its biggest holding.

Other hedge funds also recently bought and sold shares of the company. Corient Private Wealth LLC raised its holdings in Invesco QQQ by 3,567.7% in the 4th quarter. Corient Private Wealth LLC now owns 21,436,917 shares of the exchange traded fund’s stock worth $13,168,912,000 after purchasing an additional 20,852,432 shares during the period. EMC Capital Management lifted its position in shares of Invesco QQQ by 0.6% during the 4th quarter. EMC Capital Management now owns 59,149 shares of the exchange traded fund’s stock valued at $36,840,000 after buying an additional 351 shares in the last quarter. Union Savings Bank bought a new position in shares of Invesco QQQ during the 4th quarter valued at approximately $2,318,000. Hsbc Holdings PLC raised its stake in Invesco QQQ by 337.6% during the 4th quarter. Hsbc Holdings PLC now owns 273,787 shares of the exchange traded fund’s stock worth $168,945,000 after acquiring an additional 389,028 shares during the period. Finally, Redwood Family Wealth LLC bought a new stake in Invesco QQQ during the 4th quarter worth approximately $3,964,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ opened at $740.62 on Friday. Invesco QQQ has a 1-year low of $523.65 and a 1-year high of $748.65. The company has a 50 day simple moving average of $695.40 and a two-hundred day simple moving average of $639.48.

Invesco QQQ Increases Dividend

The company 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 dividend of $0.8135 per share. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.73. The ex-dividend date is Monday, June 22nd. This represents a $3.25 dividend on an annualized basis and a dividend yield of 0.4%.

Invesco QQQ News Summary

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 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.