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Invesco QQQ $QQQ is IFP Advisors Inc's 5th Largest Position

Invesco QQQ logo with Finance background
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Key Points

  • IFP Advisors increased its Q3 holdings in Invesco QQQ by 3% to 93,091 shares, making QQQ its 5th-largest holding at roughly $55.9 million (about 1.5% of the firm's portfolio).
  • Invesco QQQ raised its quarterly dividend to $0.7941 (up from $0.69), equivalent to a $3.18 annualized payout and roughly a 0.5% yield, paid Dec. 31 with an ex-dividend date of Dec. 22.
  • Invesco launched two new ETFs (the Equal Weight QEW and Diversified Dividend DVVY) that could redirect investor flows away from cap-weighted QQQ, while AI optimism and rising macro/geopolitical risks create a mixed near-term outlook for the fund.
  • MarketBeat previews top five stocks to own in May.

IFP Advisors Inc lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 93,091 shares of the exchange traded fund's stock after buying an additional 2,755 shares during the period. Invesco QQQ makes up approximately 1.5% of IFP Advisors Inc's investment portfolio, making the stock its 5th biggest holding. IFP Advisors Inc's holdings in Invesco QQQ were worth $55,898,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in QQQ. JPMorgan Chase & Co. raised its stake in Invesco QQQ by 42.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,895,265 shares of the exchange traded fund's stock worth $2,700,424,000 after acquiring an additional 1,457,109 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Invesco QQQ by 0.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,223,327 shares of the exchange traded fund's stock worth $1,778,116,000 after acquiring an additional 22,220 shares during the period. HRT Financial LP grew its stake in Invesco QQQ by 118.3% during the 2nd quarter. HRT Financial LP now owns 3,145,578 shares of the exchange traded fund's stock valued at $1,735,226,000 after purchasing an additional 1,704,600 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Invesco QQQ by 0.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,071,021 shares of the exchange traded fund's stock valued at $1,843,749,000 after purchasing an additional 8,038 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Invesco QQQ by 2.2% in the third quarter. Envestnet Asset Management Inc. now owns 2,986,326 shares of the exchange traded fund's stock valued at $1,792,901,000 after purchasing an additional 64,025 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $594.85 on Thursday. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $637.01. The business has a 50-day moving average price of $611.91 and a 200-day moving average price of $609.22.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were issued a $0.7941 dividend. This is a boost from Invesco QQQ's previous quarterly dividend of $0.69. The ex-dividend date was Monday, December 22nd. This represents a $3.18 annualized dividend and a yield of 0.5%.

Key Invesco QQQ News

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

Invesco QQQ Company 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

Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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.

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