17,037 Shares in Invesco QQQ $QQQ Acquired by SHP Wealth Management

SHP Wealth Management acquired a new stake in Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 17,037 shares of the exchange traded fund’s stock, valued at approximately $10,468,000. Invesco QQQ comprises approximately 0.8% of SHP Wealth Management’s holdings, making the stock its 19th largest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in QQQ. Carrera Capital Advisors boosted its holdings in Invesco QQQ by 99.3% during the fourth quarter. Carrera Capital Advisors now owns 2,316 shares of the exchange traded fund’s stock worth $1,423,000 after buying an additional 1,154 shares during the last quarter. Sovran Advisors LLC increased its stake in shares of Invesco QQQ by 8.0% in the 4th quarter. Sovran Advisors LLC now owns 18,032 shares of the exchange traded fund’s stock valued at $11,212,000 after acquiring an additional 1,340 shares during the last quarter. Corepath Wealth Partners LLC increased its stake in shares of 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 acquiring an additional 1,436 shares during the last quarter. Cane Capital Partners LLC acquired a new stake in shares of Invesco QQQ in the 4th quarter valued at approximately $715,000. Finally, Coyle Financial Counsel LLC raised its position in shares of Invesco QQQ by 4.9% in the 3rd quarter. Coyle Financial Counsel LLC now owns 43,458 shares of the exchange traded fund’s stock valued at $26,091,000 after acquiring an additional 2,035 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $740.62 on Friday. The company’s 50 day simple moving average is $695.40 and its 200 day simple moving average is $639.48. Invesco QQQ has a fifty-two week low of $523.65 and a fifty-two week high of $748.65.

Invesco QQQ Increases Dividend

The company also recently announced 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. This represents a $3.25 annualized dividend and a yield of 0.4%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.73. The ex-dividend date is Monday, June 22nd.

Trending Headlines about Invesco QQQ

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 Company 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.