TRU Independence Asset Management 2 LLC Boosts Stake in Invesco QQQ $QQQ

TRU Independence Asset Management 2 LLC boosted its position in Invesco QQQ (NASDAQ:QQQ) by 14.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,205 shares of the exchange traded fund’s stock after purchasing an additional 1,449 shares during the period. Invesco QQQ comprises 4.0% of TRU Independence Asset Management 2 LLC’s portfolio, making the stock its 5th biggest holding. TRU Independence Asset Management 2 LLC’s holdings in Invesco QQQ were worth $6,467,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Bank of America Corp DE lifted its stake in shares of Invesco QQQ by 381.0% in the 4th quarter. Bank of America Corp DE now owns 19,547,552 shares of the exchange traded fund’s stock worth $12,008,257,000 after purchasing an additional 26,505,055 shares during the period. Corient Private Wealth LLC grew its position in Invesco QQQ by 3,567.7% during the fourth quarter. Corient Private Wealth LLC now owns 21,436,917 shares of the exchange traded fund’s stock valued at $13,168,912,000 after buying an additional 20,852,432 shares during the period. Delta Global Management LP purchased a new stake in Invesco QQQ during the fourth quarter valued at approximately $821,084,000. Align Financial LLC bought a new position in Invesco QQQ in the fourth quarter worth approximately $78,118,000. Finally, SG Americas Securities LLC raised its position in Invesco QQQ by 120.2% in the fourth quarter. SG Americas Securities LLC now owns 213,722 shares of the exchange traded fund’s stock worth $131,292,000 after acquiring an additional 1,270,102 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock 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 company’s fifty day simple moving average is $704.99 and its 200-day simple moving average is $642.92.

Invesco QQQ Increases Dividend

The business also recently announced 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 annualized dividend and a yield of 0.5%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.73. The ex-dividend date is Monday, June 22nd.

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.

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.