Invesco QQQ $QQQ Shares Bought by Sumitomo Mitsui Trust Group Inc.

Key Points

• Sumitomo Mitsui Trust Group increased its Invesco QQQ stake by 394.3% in the second quarter, adding 65,016 shares to hold 81,507 shares worth approximately $60.0 million.
• Other institutional investors also established or expanded QQQ positions, with institutional investors and hedge funds collectively owning 44.58% of the ETF.
• QQQ opened at $710.72, compared with a 52-week range of $555.60 to $748.65. Its quarterly dividend rose to $0.8135 per share, representing a 0.5% annualized yield.

Sumitomo Mitsui Trust Group Inc. lifted its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 394.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,507 shares of the exchange traded fund's stock after buying an additional 65,016 shares during the period. Sumitomo Mitsui Trust Group Inc.'s holdings in Invesco QQQ were worth $60,022,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of QQQ. University of Texas Texas AM Investment Management Co. acquired a new position in Invesco QQQ during the 4th quarter worth approximately $25,000. Shcp LLC acquired a new stake in Invesco QQQ in the third quarter valued at approximately $27,000. Annis Gardner Whiting Capital Advisors LLC grew its position in Invesco QQQ by 2,150.0% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund's stock valued at $28,000 after acquiring an additional 43 shares in the last quarter. Parvin Asset Management LLC purchased a new stake in shares of Invesco QQQ during the first quarter valued at approximately $28,000. Finally, Rachor Investment Advisory Services LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $29,000. Institutional investors and hedge funds own 44.58% of the company's stock.

Trending Headlines about Invesco QQQ

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

• Positive Sentiment: U.S. equity ETFs and futures moved higher as technology and semiconductor stocks recovered, providing a favorable backdrop for QQQ’s large-cap growth holdings. Exchange-Traded Funds, Equity Futures Higher Pre-Bell Tuesday as Chip Stocks Recover
• Positive Sentiment: Investor focus on AI infrastructure continues to support QQQ indirectly. The ETF owns major AI and cloud-computing customers rather than the specialized companies renting out AI compute capacity, reinforcing its exposure to sustained AI spending. Wall Street Just Invented the Neocloud ETF
• Positive Sentiment: Lower crude-oil prices may ease inflation concerns and support expectations for less restrictive monetary policy, a potential benefit for growth-oriented technology stocks. Drop In Crude Oil Prices Fuels Markets
• Neutral Sentiment: Technical analysis identifies substantial support near 700, but QQQ remains in a negative-gamma regime, which can amplify volatility around key options levels. QQQ Negative Gamma Regime
• Negative Sentiment: QQQ experienced outflows even as investors directed significant funds into S&P 500 ETFs, suggesting some rotation away from concentrated Nasdaq-100 exposure. S&P 500 ETF Inflows and QQQ Outflows
• Negative Sentiment: Recent weakness in technology stocks, elevated bond-market and fiscal concerns, and upcoming Nvidia results and inflation data could increase volatility because QQQ is heavily weighted toward mega-cap technology companies. Treasury Bond Buybacks, Nvidia Earnings and Inflation Data

Invesco QQQ Price Performance

NASDAQ QQQ opened at $710.72 on Wednesday. The company's fifty day simple moving average is $712.63 and its 200-day simple moving average is $669.68. 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 declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 22nd were paid a dividend of $0.8135 per share. This is a positive change from Invesco QQQ's previous quarterly dividend of $0.73. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $3.25 annualized dividend and a yield of 0.5%.

Invesco QQQ Company 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.

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).

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