Nalls Sherbakoff Group LLC Makes New $2.44 Million Investment in Invesco QQQ $QQQ

Nalls Sherbakoff Group LLC acquired a new position in shares of Invesco QQQ (NASDAQ:QQQ) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 3,965 shares of the exchange traded fund’s stock, valued at approximately $2,436,000. Invesco QQQ comprises about 1.8% of Nalls Sherbakoff Group LLC’s holdings, making the stock its 10th biggest holding.

Several other large investors have also modified their holdings of the stock. Goodman Advisory Group LLC purchased a new stake in Invesco QQQ in the third quarter valued at $25,000. University of Texas Texas AM Investment Management Co. acquired a new position in Invesco QQQ in the fourth quarter valued at $25,000. Shcp LLC purchased a new position in shares of Invesco QQQ during the third quarter worth about $27,000. Annis Gardner Whiting Capital Advisors LLC increased its position in shares of Invesco QQQ by 2,150.0% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 43 shares in the last quarter. Finally, Rachor Investment Advisory Services LLC acquired a new stake in shares of Invesco QQQ during the fourth quarter worth about $29,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ News Roundup

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 Price Performance

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

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 22nd will be given a dividend of $0.8135 per share. This represents a $3.25 annualized dividend and a yield of 0.4%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend is Monday, June 22nd.

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.