John A. Wolfe & Associates Inc. Invests $1.84 Million in Invesco QQQ $QQQ

John A. Wolfe & Associates Inc. acquired a new position in Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,989 shares of the exchange traded fund’s stock, valued at approximately $1,837,000. Invesco QQQ comprises 0.8% of John A. Wolfe & Associates Inc.’s investment portfolio, making the stock its 13th largest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Carrera Capital Advisors boosted its stake in Invesco QQQ by 99.3% in 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 in the last quarter. Sovran Advisors LLC raised its stake in shares of Invesco QQQ by 8.0% during the fourth quarter. Sovran Advisors LLC now owns 18,032 shares of the exchange traded fund’s stock worth $11,212,000 after acquiring an additional 1,340 shares in the last quarter. Corepath Wealth Partners LLC raised its stake in shares of Invesco QQQ by 19.7% during the fourth quarter. Corepath Wealth Partners LLC now owns 8,723 shares of the exchange traded fund’s stock worth $5,471,000 after acquiring an additional 1,436 shares in the last quarter. Cane Capital Partners LLC bought a new stake in shares of Invesco QQQ in the 4th quarter worth approximately $715,000. Finally, Mariner LLC lifted its holdings in shares of Invesco QQQ by 2.6% in the 4th quarter. Mariner LLC now owns 1,084,500 shares of the exchange traded fund’s stock worth $666,226,000 after acquiring an additional 27,560 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other 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 Price Performance

QQQ stock opened at $740.62 on Monday. Invesco QQQ has a 52 week low of $523.65 and a 52 week high of $748.65. The firm’s fifty day moving average is $695.40 and its 200 day moving average is $639.64.

Invesco QQQ Increases Dividend

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

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.