Invesco QQQ $QQQ Shares Bought by Independent Wealth Network Inc.

Independent Wealth Network Inc. increased its stake in Invesco QQQ (NASDAQ:QQQ) by 37.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,936 shares of the exchange traded fund’s stock after acquiring an additional 2,430 shares during the period. Invesco QQQ makes up 1.5% of Independent Wealth Network Inc.’s investment portfolio, making the stock its 9th largest position. Independent Wealth Network Inc.’s holdings in Invesco QQQ were worth $5,158,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of QQQ. Morton Brown Family Wealth LLC increased its holdings in shares of Invesco QQQ by 2.6% during the 1st quarter. Morton Brown Family Wealth LLC now owns 3,317 shares of the exchange traded fund’s stock worth $1,914,000 after buying an additional 83 shares during the last quarter. OLD National Bancorp IN boosted its holdings in Invesco QQQ by 862.5% in the first quarter. OLD National Bancorp IN now owns 57,268 shares of the exchange traded fund’s stock valued at $33,054,000 after acquiring an additional 51,318 shares during the last quarter. Balance Wealth LLC grew its position in Invesco QQQ by 9.0% during the first quarter. Balance Wealth LLC now owns 49,973 shares of the exchange traded fund’s stock valued at $28,844,000 after acquiring an additional 4,124 shares during the period. Threadgill Financial LLC grew its position in Invesco QQQ by 3.6% during the first quarter. Threadgill Financial LLC now owns 2,262 shares of the exchange traded fund’s stock valued at $1,305,000 after acquiring an additional 78 shares during the period. Finally, Louisiana State Employees Retirement System purchased a new stake in Invesco QQQ during the first quarter valued at about $26,435,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Trending Headlines about Invesco QQQ

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 Stock Performance

Shares of NASDAQ:QQQ opened at $706.52 on Friday. The business has a 50-day moving average of $704.99 and a two-hundred day moving average of $642.79. Invesco QQQ has a 12 month low of $544.54 and a 12 month high of $748.65.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, June 22nd will be issued 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 an increase 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.