OLD National Bancorp IN Purchases 51,318 Shares of Invesco QQQ $QQQ

OLD National Bancorp IN raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 862.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 57,268 shares of the exchange traded fund’s stock after purchasing an additional 51,318 shares during the quarter. Invesco QQQ makes up approximately 0.6% of OLD National Bancorp IN’s portfolio, making the stock its 23rd largest holding. OLD National Bancorp IN’s holdings in Invesco QQQ were worth $33,054,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Goodman Advisory Group LLC bought a new stake in shares of Invesco QQQ in the third quarter valued at approximately $25,000. University of Texas Texas AM Investment Management Co. bought a new position in Invesco QQQ in the 4th quarter worth approximately $25,000. Shcp LLC purchased a new position in Invesco QQQ in the 3rd quarter valued at approximately $27,000. Annis Gardner Whiting Capital Advisors LLC grew its stake in 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 in the last quarter. Finally, Rachor Investment Advisory Services LLC bought a new stake in Invesco QQQ during the 4th quarter valued at $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: Chipmaker strength helped calm some AI-related worries, with overnight futures supported by strong Micron results and broader optimism that the AI trade still has room to run.
• Neutral Sentiment: Several market commentary pieces argue that rotation is broadening beyond mega-cap tech, which could mean less concentration risk for QQQ but also a less dominant leadership role for the ETF.
• Neutral Sentiment: Invesco QQQ is also facing fresh competition, as State Street launched a rival Nasdaq-100 ETF and BlackRock is expected to enter the category, which may pressure fee and asset-growth dynamics over time. Article Title
• Negative Sentiment: Inflation readings remained sticky, including higher core PCE and core services inflation, reinforcing fears that the Fed may stay restrictive longer than hoped and weighing on growth stocks.
• Negative Sentiment: Bearish market commentary about a possible liquidity shock and an “S&P 500 bubble burst” likely added to pressure on QQQ’s tech-heavy holdings, which tend to be sensitive to tightening financial conditions.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $706.52 on Friday. The company’s fifty day simple moving average is $704.99 and its two-hundred day simple moving average is $642.79. Invesco QQQ has a 1 year low of $544.54 and a 1 year high of $748.65.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Monday, June 22nd will be paid a dividend of $0.8135 per share. 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.

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.