Janney Montgomery Scott LLC Acquires 9,542 Shares of Invesco QQQ $QQQ

Janney Montgomery Scott LLC boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 1.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 850,685 shares of the exchange traded fund’s stock after acquiring an additional 9,542 shares during the quarter. Invesco QQQ comprises 1.2% of Janney Montgomery Scott LLC’s holdings, making the stock its 10th largest holding. Janney Montgomery Scott LLC’s holdings in Invesco QQQ were worth $490,998,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of QQQ. Kenora Financial LLC lifted its stake in shares of Invesco QQQ by 18.2% in the 1st quarter. Kenora Financial LLC now owns 780 shares of the exchange traded fund’s stock valued at $450,000 after purchasing an additional 120 shares during the last quarter. J. L. Bainbridge & Co. Inc. increased its position in shares of Invesco QQQ by 0.4% during the 1st quarter. J. L. Bainbridge & Co. Inc. now owns 4,338 shares of the exchange traded fund’s stock worth $2,504,000 after purchasing an additional 19 shares during the last quarter. Advocate Investing Services LLC raised its holdings in Invesco QQQ by 2.2% in the 1st quarter. Advocate Investing Services LLC now owns 2,318 shares of the exchange traded fund’s stock valued at $1,338,000 after buying an additional 49 shares during the period. Midwest Financial Group LLC lifted its position in Invesco QQQ by 3.2% in the first quarter. Midwest Financial Group LLC now owns 19,194 shares of the exchange traded fund’s stock valued at $11,079,000 after buying an additional 595 shares during the last quarter. Finally, Citrine Capital LLC acquired a new position in Invesco QQQ in the first quarter valued at about $306,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ opened at $706.52 on Monday. Invesco QQQ has a 1-year low of $544.54 and a 1-year high of $748.65. The firm has a 50-day simple moving average of $704.99 and a two-hundred day simple moving average of $642.92.

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 given 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 of this dividend is Monday, June 22nd. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.73.

Key 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.

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.