5,751 Shares in Invesco QQQ $QQQ Bought by DUTCH ASSET Corp

DUTCH ASSET Corp purchased a new position in Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 5,751 shares of the exchange traded fund’s stock, valued at approximately $3,533,000. Invesco QQQ makes up 2.7% of DUTCH ASSET Corp’s holdings, making the stock its 10th largest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Larry Mathis Financial Planning LLC bought a new position in shares of Invesco QQQ in the fourth quarter worth about $4,195,000. Green Ridge Wealth Planning LLC bought a new stake in Invesco QQQ during the 4th quarter valued at approximately $22,447,000. Downshift Financial LLC bought a new stake in Invesco QQQ during the 4th quarter valued at approximately $343,000. Advisortrust Partners LLC purchased a new position in Invesco QQQ in the 4th quarter worth approximately $16,737,000. Finally, Corient Private Wealth LLC lifted 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 in the last quarter. 44.58% of the stock is owned by institutional investors.

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 Stock Performance

QQQ stock 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 business 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 business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, June 22nd will be issued a $0.8135 dividend. This represents a $3.25 annualized dividend and a dividend yield of 0.4%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend is Monday, June 22nd.

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.