Integral Investment Advisors Inc. Raises Stock Position in Invesco QQQ $QQQ

Integral Investment Advisors Inc. grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 3.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 26,149 shares of the exchange traded fund’s stock after buying an additional 931 shares during the quarter. Invesco QQQ accounts for 3.8% of Integral Investment Advisors Inc.’s investment portfolio, making the stock its 3rd biggest position. Integral Investment Advisors Inc.’s holdings in Invesco QQQ were worth $15,093,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Bank of America Corp DE boosted its holdings in shares of Invesco QQQ by 381.0% in the 4th quarter. Bank of America Corp DE now owns 19,547,552 shares of the exchange traded fund’s stock worth $12,008,257,000 after purchasing an additional 26,505,055 shares in the last quarter. Corient Private Wealth LLC raised its holdings in shares of Invesco QQQ by 3,567.7% during the 4th quarter. Corient Private Wealth LLC now owns 21,436,917 shares of the exchange traded fund’s stock valued at $13,168,912,000 after buying an additional 20,852,432 shares in the last quarter. Delta Global Management LP purchased a new position in shares of Invesco QQQ during the 4th quarter valued at about $821,084,000. Align Financial LLC bought a new stake in Invesco QQQ in the 4th quarter worth approximately $78,118,000. Finally, SG Americas Securities LLC lifted its position in Invesco QQQ by 120.2% in the 4th quarter. SG Americas Securities LLC now owns 213,722 shares of the exchange traded fund’s stock worth $131,292,000 after buying an additional 1,270,102 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

More Invesco QQQ News

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

• Positive Sentiment: Weaker-than-expected June jobs data helped cool rate-hike fears, which is generally supportive for growth stocks and the Nasdaq-100 holdings that dominate QQQ. Should You Buy the Invesco QQQ ETF After the Recent Nasdaq Sell-Off? History Offers a Crystal-Clear Answer.
• Positive Sentiment: Market commentary says the Nasdaq sell-off may have created a buying opportunity for QQQ after a weak first half for some of America’s biggest growth names. Should You Buy the Invesco QQQ ETF After the Recent Nasdaq Sell-Off? History Offers a Crystal-Clear Answer.
• Positive Sentiment: Reports that stocks and Nasdaq futures were holding up ahead of the payroll release suggest investors remain willing to stay in or add to large-cap tech exposure through QQQ. S&P 500, Nasdaq Futures Climb While Dow Futures Fall Ahead Of Key Jobs Report: META, MU, JACK, CEG Stocks In Focus

Invesco QQQ Stock Up 0.1%

Shares of QQQ opened at $713.61 on Friday. Invesco QQQ has a 1 year low of $549.58 and a 1 year high of $748.65. The stock has a 50 day simple moving average of $712.54 and a two-hundred day simple moving average of $646.26.

Invesco QQQ Increases Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Monday, June 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.73.

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.