RFG Holdings Inc. Has $35.82 Million Holdings in Invesco QQQ $QQQ

RFG Holdings Inc. lowered its stake in Invesco QQQ (NASDAQ:QQQ) by 26.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 62,053 shares of the exchange traded fund’s stock after selling 21,847 shares during the quarter. Invesco QQQ makes up approximately 9.0% of RFG Holdings Inc.’s investment portfolio, making the stock its 3rd largest position. RFG Holdings Inc.’s holdings in Invesco QQQ were worth $35,816,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Goodman Advisory Group LLC bought a new position in Invesco QQQ in the third quarter valued at approximately $25,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $25,000. Shcp LLC bought a new stake in shares of Invesco QQQ during the 3rd quarter worth approximately $27,000. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in shares of Invesco QQQ by 2,150.0% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock valued at $28,000 after buying an additional 43 shares during the last quarter. Finally, Rachor Investment Advisory Services LLC acquired a new stake in shares of Invesco QQQ in the 4th quarter valued at approximately $29,000. Institutional investors own 44.58% of the company’s stock.

More Invesco QQQ News

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

NASDAQ:QQQ opened at $740.62 on Monday. Invesco QQQ has a 1-year low of $523.65 and a 1-year high of $748.65. The firm has a fifty day simple moving average of $695.40 and a 200 day simple moving average of $639.64.

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 paid a $0.8135 dividend. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.73. This represents a $3.25 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date 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.