1,709 Shares in Invesco QQQ $QQQ Bought by Fund Advisors of America Inc FL

Fund Advisors of America Inc FL bought a new stake in shares of Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,709 shares of the exchange traded fund’s stock, valued at approximately $1,050,000.

Other hedge funds also recently added to or reduced their stakes in the company. Nalls Sherbakoff Group LLC acquired a new stake in Invesco QQQ during the 4th quarter worth about $2,436,000. DUTCH ASSET Corp acquired a new position in shares of Invesco QQQ in the 4th quarter valued at about $3,533,000. Larry Mathis Financial Planning LLC acquired a new position in shares of Invesco QQQ in the 4th quarter valued at about $4,195,000. Green Ridge Wealth Planning LLC purchased a new stake in shares of Invesco QQQ in the fourth quarter worth about $22,447,000. Finally, Downshift Financial LLC acquired a new stake in Invesco QQQ during the fourth quarter worth about $343,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

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 Stock Performance

Shares of QQQ stock opened at $740.62 on Friday. Invesco QQQ has a twelve month low of $523.65 and a twelve month high of $748.65. The stock has a 50 day moving average of $695.40 and a 200 day 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. Stockholders of record on Monday, June 22nd will be issued 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 of this dividend is Monday, June 22nd. This represents a $3.25 annualized dividend and a dividend yield of 0.4%.

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.