Invesco QQQ $QQQ Stock Position Increased by Tepp RIA LLC

Tepp RIA LLC raised its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 11.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,137 shares of the exchange traded fund’s stock after purchasing an additional 3,092 shares during the period. Invesco QQQ accounts for approximately 13.2% of Tepp RIA LLC’s holdings, making the stock its 3rd biggest position. Tepp RIA LLC’s holdings in Invesco QQQ were worth $16,817,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in QQQ. Goodman Advisory Group LLC bought a new stake in Invesco QQQ in the 3rd quarter worth approximately $25,000. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $25,000. Shcp LLC bought a new position in shares of Invesco QQQ during the 3rd quarter valued at approximately $27,000. Annis Gardner Whiting Capital Advisors LLC boosted its position 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 valued at $28,000 after acquiring an additional 43 shares during the last quarter. Finally, Rachor Investment Advisory Services LLC bought a new position in shares of Invesco QQQ during the 4th quarter valued at approximately $29,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ News Roundup

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

QQQ stock opened at $706.52 on Monday. The firm has a fifty day moving average price of $704.99 and a 200 day moving average price of $642.92. Invesco QQQ has a fifty-two week low of $544.54 and a fifty-two week high of $748.65.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 22nd will be given a dividend of $0.8135 per share. This represents a $3.25 annualized dividend and a yield of 0.5%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.73. The ex-dividend date is Monday, June 22nd.

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.