Financial Guidance Group Inc. Increases Position in Invesco QQQ $QQQ

Financial Guidance Group Inc. increased its stake in Invesco QQQ (NASDAQ:QQQ) by 3.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,797 shares of the exchange traded fund’s stock after acquiring an additional 1,009 shares during the period. Invesco QQQ comprises about 7.4% of Financial Guidance Group Inc.’s holdings, making the stock its largest holding. Financial Guidance Group Inc.’s holdings in Invesco QQQ were worth $18,352,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Corient Private Wealth LLC increased its stake 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 during the period. Bank of America Corp DE boosted its stake in shares of Invesco QQQ by 381.0% during the fourth quarter. Bank of America Corp DE now owns 19,547,552 shares of the exchange traded fund’s stock valued at $12,008,257,000 after purchasing an additional 26,505,055 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Invesco QQQ by 11.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,547,591 shares of the exchange traded fund’s stock valued at $2,179,321,000 after purchasing an additional 375,581 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Invesco QQQ by 21.4% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,025,000 shares of the exchange traded fund’s stock worth $1,858,288,000 after purchasing an additional 534,000 shares during the last quarter. Finally, Analyst IMS Investment Management Services Ltd. grew its holdings in shares of Invesco QQQ by 68.6% in the fourth quarter. Analyst IMS Investment Management Services Ltd. now owns 1,750,079 shares of the exchange traded fund’s stock worth $1,075,091,000 after purchasing an additional 712,026 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 2.5%

Shares of NASDAQ QQQ opened at $724.08 on Tuesday. The firm’s fifty day moving average is $706.67 and its 200 day moving average is $643.61. Invesco QQQ has a 52 week low of $544.66 and a 52 week high of $748.65.

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 issued a $0.8135 dividend. 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. This represents a $3.25 dividend on an annualized basis and a yield of 0.4%.

Invesco QQQ News Roundup

Here are the key news stories impacting Invesco QQQ this week:

• Positive Sentiment: SpaceX’s addition to the Nasdaq-100 could force large index funds, including QQQ, to buy shares, creating extra demand for Nasdaq-heavy portfolios. SpaceX joins Nasdaq-100 index weeks after SPCX IPO
• Positive Sentiment: Multiple pieces highlighted that Nasdaq-100 ETFs remain strong performers, with QQQ still benefiting from investor appetite for large-cap technology and AI-related names. Nasdaq-100 ETFs Keep Sizzling: Can the Rally Last?
• Neutral Sentiment: Comments about AI creating trillions in value reinforce the long-term case for tech-heavy ETFs like QQQ, but they do not provide an immediate stock-specific catalyst. AI Just Minted $10 Trillion and You Own None of It. These 4 ETFs Put You in the Game
• Neutral Sentiment: Some market coverage noted broad U.S. equities rising and mixed ETF performance, suggesting overall sentiment is constructive but not uniformly strong. Exchange-Traded Funds Mixed, US Equities Rise After Midday
• Negative Sentiment: Several articles warned the Nasdaq-100 may be flashing technical warning signs after a recent slide, which could pressure QQQ if tech momentum cools. Nasdaq 100 Flashes Warning Signs After 5-Day Slide: Is The Tech Rally Running Out Of Steam?

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.