SHP Wealth Management Buys Shares of 17,037 Invesco QQQ $QQQ

SHP Wealth Management purchased a new position in Invesco QQQ (NASDAQ:QQQ) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 17,037 shares of the exchange traded fund’s stock, valued at approximately $10,468,000. Invesco QQQ makes up approximately 0.8% of SHP Wealth Management’s portfolio, making the stock its 19th biggest holding.

Other hedge funds also recently modified their holdings of the company. Strategic Advisory Partners LLC bought a new position in shares of Invesco QQQ during the 4th quarter valued at about $1,230,000. S Harris Financial Group LLC acquired a new position in shares of Invesco QQQ in the 4th quarter valued at approximately $607,000. EJMK Ventures LLC bought a new stake in Invesco QQQ during the 4th quarter worth approximately $3,806,000. Koenig Investment Advisory LLC acquired a new stake in Invesco QQQ during the 4th quarter worth approximately $1,908,000. Finally, NWF Advisory Services Inc. raised its holdings in Invesco QQQ by 1.8% during the 4th quarter. NWF Advisory Services Inc. now owns 17,590 shares of the exchange traded fund’s stock worth $10,806,000 after buying an additional 308 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ opened at $740.62 on Friday. Invesco QQQ has a twelve month low of $523.65 and a twelve month high of $748.65. The firm’s 50 day moving average price is $695.40 and its two-hundred day moving average price is $639.48.

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 issued a dividend of $0.8135 per share. The ex-dividend date is Monday, June 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.73. This represents a $3.25 dividend on an annualized basis and a dividend yield of 0.4%.

Key Stories Impacting 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.