Stephens Inc. AR Sells 5,035 Shares of Invesco QQQ $QQQ

Stephens Inc. AR decreased its position in Invesco QQQ (NASDAQ:QQQ) by 1.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 262,925 shares of the exchange traded fund’s stock after selling 5,035 shares during the period. Invesco QQQ accounts for 1.9% of Stephens Inc. AR’s portfolio, making the stock its 4th largest position. Stephens Inc. AR’s holdings in Invesco QQQ were worth $151,755,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in QQQ. Goodman Advisory Group LLC acquired a new position in Invesco QQQ during the 3rd quarter valued at about $25,000. University of Texas Texas AM Investment Management Co. acquired 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 third quarter worth approximately $27,000. Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of Invesco QQQ by 2,150.0% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 43 shares during the last quarter. Finally, Rachor Investment Advisory Services LLC acquired a new position in Invesco QQQ in the fourth quarter valued at approximately $29,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.1%

Shares of QQQ stock opened at $713.61 on Monday. Invesco QQQ has a 52-week low of $549.58 and a 52-week high of $748.65. The firm’s 50 day moving average price is $712.54 and its two-hundred day moving average price is $646.51.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders 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. The ex-dividend date of this dividend is Monday, June 22nd. This represents a $3.25 dividend on an annualized basis and a dividend yield of 0.5%.

Trending Headlines about Invesco QQQ

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 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.