Bienville Capital Management LLC Has $3.87 Million Stake in Invesco QQQ $QQQ

Bienville Capital Management LLC lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 222.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 5,252 shares of the exchange traded fund's stock after purchasing an additional 3,622 shares during the period. Bienville Capital Management LLC's holdings in Invesco QQQ were worth $3,872,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. University of Texas Texas AM Investment Management Co. acquired a new position in Invesco QQQ during the 4th quarter valued at about $25,000. High Point Wealth Management LLC boosted its stake in Invesco QQQ by 68.0% in the second quarter. High Point Wealth Management LLC now owns 42 shares of the exchange traded fund's stock valued at $31,000 after acquiring an additional 17 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its holdings in 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 acquiring an additional 43 shares during the period. Shcp LLC acquired a new stake in Invesco QQQ during the 3rd quarter worth $27,000. Finally, Parvin Asset Management LLC bought a new stake in shares of Invesco QQQ during the 1st quarter valued at $28,000. Institutional investors and hedge funds 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: Some market commentary remains supportive of growth stocks, arguing that the Federal Reserve is unlikely to raise interest rates and that investors could continue to “ride the bull.” Lower or stable rates generally benefit QQQ’s rate-sensitive technology holdings. There Will Be No Fed Rate Hikes
• Positive Sentiment: Invesco QQQ is sponsoring the Atlanta Food & Wine Festival for a 16th year. The event provides brand visibility for Invesco, although it is unlikely to materially affect QQQ’s net asset value or near-term trading. Atlanta Food & Wine Festival Presented by Invesco QQQ
• Neutral Sentiment: Articles comparing QQQ with leveraged ETF TQQQ explain that daily-reset mechanics, volatility drag and financing costs prevent TQQQ from delivering three times QQQ’s longer-term return. The analysis does not change QQQ’s holdings but highlights the fund’s role as the unleveraged Nasdaq-100 benchmark. TQQQ Gained 59.18% While QQQ Gained 24.99%
• Negative Sentiment: Broad-market ETFs declined after midday amid higher oil prices and concerns about inflation, employment and elevated valuations. These pressures are unfavorable for QQQ’s concentrated growth-stock exposure. Exchange-Traded Funds, US Equities Fall After Midday
• Negative Sentiment: Investors are again highlighting that QQQ’s expense ratio is higher than that of comparable Invesco QQQM, which tracks the same Nasdaq-100 Index. That fee gap may encourage long-term investors to favor QQQM, although QQQ retains advantages for liquidity and trading activity. QQQ vs QQQM

Invesco QQQ Price Performance

QQQ stock opened at $716.31 on Thursday. The business's fifty day moving average is $710.61 and its 200-day moving average is $678.22. Invesco QQQ has a twelve month low of $555.60 and a twelve month high of $748.65.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 22nd were issued a $0.8135 dividend. This is a boost from Invesco QQQ's previous quarterly dividend of $0.73. This represents a $3.25 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was 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.

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