Invesco QQQ $QQQ is TRU Independence Asset Management 2 LLC’s 6th Largest Position

TRU Independence Asset Management 2 LLC lifted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 10.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,756 shares of the exchange traded fund’s stock after buying an additional 898 shares during the period. Invesco QQQ makes up about 3.8% of TRU Independence Asset Management 2 LLC’s holdings, making the stock its 6th biggest holding. TRU Independence Asset Management 2 LLC’s holdings in Invesco QQQ were worth $5,993,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in QQQ. Goodman Advisory Group LLC acquired a new stake in Invesco QQQ during the third quarter worth about $25,000. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Invesco QQQ in the 4th quarter valued at about $25,000. Shcp LLC acquired a new position in shares of Invesco QQQ in the 3rd quarter valued at about $27,000. Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of Invesco QQQ by 2,150.0% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 43 shares during the period. Finally, Rachor Investment Advisory Services LLC purchased a new stake in shares of Invesco QQQ during the 4th quarter worth about $29,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $740.62 on Friday. Invesco QQQ has a 52-week low of $523.65 and a 52-week high of $748.65. The firm has a fifty day moving average of $695.40 and a 200-day moving average of $639.48.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 22nd will be issued a $0.8135 dividend. The ex-dividend date is Monday, June 22nd. This represents a $3.25 dividend on an annualized basis and a yield of 0.4%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.73.

Trending Headlines about Invesco QQQ

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

• Positive Sentiment: Invesco QQQ declared a quarterly dividend of $0.8135 per share, an 11.0% increase from the prior quarter, which can improve investor sentiment toward the fund. Article Title
• Positive Sentiment: Multiple articles highlighted QQQ’s strong long-term performance, including commentary that a modest investment in the ETF a decade ago would now be worth far more, reinforcing its status as a premier growth benchmark. Article Title
• Neutral Sentiment: Broader market and ETF coverage showed U.S. equity funds trading higher at times, suggesting the macro backdrop is supportive but not specific to QQQ alone. Article Title
• Neutral Sentiment: Several Fed-related commentaries pointed to a more hawkish policy tone and less forward guidance, which could pressure rate-sensitive growth stocks even as investors assess the implications for the Nasdaq-100. Article Title

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.