Compound Planning Inc. Acquires 1,611 Shares of Invesco QQQ $QQQ

Key Points

• Compound Planning Inc. increased its stake in Invesco QQQ by 5.7% in the first quarter, buying 1,611 additional shares and bringing its total holdings to 29,854 shares worth about $17.2 million.
• Several other institutional investors also added to or initiated positions in QQQ, while institutions overall now own 44.58% of the ETF.
• Invesco QQQ recently raised its quarterly dividend to $0.8135 per share from $0.73, giving it an annualized payout of $3.25 and a yield of 0.5%.

Compound Planning Inc. raised its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,854 shares of the exchange traded fund's stock after acquiring an additional 1,611 shares during the period. Compound Planning Inc.'s holdings in Invesco QQQ were worth $17,231,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. University of Texas Texas AM Investment Management Co. bought a new position in shares of Invesco QQQ in the 4th quarter worth $25,000. Shcp LLC purchased a new stake in shares of Invesco QQQ during the 3rd quarter valued at $27,000. Annis Gardner Whiting Capital Advisors LLC lifted its holdings 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 worth $28,000 after acquiring an additional 43 shares during the last quarter. Rachor Investment Advisory Services LLC purchased a new position in Invesco QQQ in the fourth quarter worth $29,000. Finally, Islay Capital Management LLC purchased a new position in Invesco QQQ in the fourth quarter worth $32,000. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

QQQ opened at $691.96 on Friday. The business's fifty day simple moving average is $719.36 and its 200 day simple moving average is $655.76. Invesco QQQ has a 52 week low of $551.68 and a 52 week high of $748.65.

Invesco QQQ Increases Dividend

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

Key Stories Impacting Invesco QQQ

Here are the key news stories impacting Invesco QQQ this week:

• Positive Sentiment: Some commentary remains constructive on the market’s earnings backdrop, with articles noting that earnings growth is still broadening and that large-cap technology fundamentals remain a key driver for index performance.
• Neutral Sentiment: Several pieces focus on QQQ’s long-term track record and comparisons with other funds, but they are more informational than market-moving for the ETF itself. Article Title
• Neutral Sentiment: Analysts and market writers are also debating whether the market is overvalued and whether equity rotation is accelerating, which may add to volatility in growth-heavy ETFs like QQQ.
• Negative Sentiment: Broad-market ETFs and U.S. equities moved lower during the session, and live market coverage pointed to the Dow falling as investors sold stocks ahead of key earnings reports, a backdrop that can weigh on QQQ. Article Title
• Negative Sentiment: Reports that Alphabet and Tesla sold off on earnings news are particularly relevant because both are major components of QQQ, raising concern that heavyweight tech earnings could drag the ETF lower. Article Title

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.

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.