Anchor Capital Management Group Inc lessened its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 17.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 110,000 shares of the exchange traded fund's stock after selling 22,500 shares during the period. Invesco QQQ makes up 55.8% of Anchor Capital Management Group Inc's portfolio, making the stock its biggest position. Anchor Capital Management Group Inc's holdings in Invesco QQQ were worth $81,004,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Invesco QQQ in the 4th quarter valued at approximately $25,000. Shcp LLC bought a new position in shares of Invesco QQQ during the 3rd quarter worth approximately $27,000. Annis Gardner Whiting Capital Advisors LLC boosted its stake in Invesco QQQ by 2,150.0% in 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 buying an additional 43 shares in the last quarter. Parvin Asset Management LLC bought a new stake in Invesco QQQ in the first quarter valued at $28,000. Finally, Rachor Investment Advisory Services LLC acquired a new position in Invesco QQQ during the fourth quarter worth $29,000. Institutional investors own 44.58% of the company's stock.
Invesco QQQ Price Performance
Shares of NASDAQ QQQ opened at $706.32 on Tuesday. The business has a fifty day moving average of $713.01 and a two-hundred day moving average of $668.95. Invesco QQQ has a 52-week low of $555.60 and a 52-week high of $748.65.
Invesco QQQ Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 22nd were given a dividend of $0.8135 per share. This is an increase from Invesco QQQ's previous quarterly dividend of $0.73. The ex-dividend date was Monday, June 22nd. This represents a $3.25 dividend on an annualized basis and a dividend yield of 0.5%.
Trending Headlines about Invesco QQQ
Here are the key news stories impacting Invesco QQQ this week:
- Neutral Sentiment: Broad-market ETFs and U.S. equities were mixed to lower, suggesting a cautious trading environment rather than a QQQ-specific catalyst. Exchange-Traded Funds Fall, US Equities Mixed After Midday
- Neutral Sentiment: Technical traders are monitoring key support and resistance levels for QQQ and its largest holdings, including Apple, Microsoft, Nvidia, Alphabet, Meta Platforms and Tesla; this may contribute to short-term volatility. How To Trade SPY, QQQ And 6 Mega Caps
- Negative Sentiment: QQQ reportedly experienced outflows while S&P 500 ETFs attracted approximately $6.4 billion in a single day. The flow divergence points to possible investor rotation away from Nasdaq-100 growth exposure and toward broader-market funds. Quick Spark: $6.4 Billion Pours Into S&P 500 ETFs as QQQ Sees Outflows
- Negative Sentiment: A decline in major Nasdaq-100 components weighed on QQQ, whose performance is heavily concentrated in mega-cap technology companies. QQQ ETF Is Down Today
- Negative Sentiment: Investors are also assessing debt-market concerns, potential credit stress and upcoming volatility tied to Nvidia’s earnings and the Jackson Hole policy meeting. These risks can pressure high-valuation growth ETFs such as QQQ. Market Volatility Risk: Nvidia Earnings and Jackson Hole Next Week
Invesco QQQ Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Invesco QQQ, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Invesco QQQ wasn't on the list.
While Invesco QQQ currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The AI boom extends far beyond the biggest tech names. Discover 10 companies supplying the memory, storage, networking, semiconductor manufacturing, and power infrastructure that make AI possible. Learn where the next wave of AI investment opportunities may emerge—and the key risks investors should watch as the global AI buildout accelerates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
