Invesco QQQ $QQQ Shares Purchased by QRG Capital Management Inc.

Key Points

• QRG Capital Management increased its Invesco QQQ position by 60.2% in the second quarter, reaching 10,505 shares valued at approximately $7.7 million. Institutional investors and hedge funds collectively own 44.58% of QQQ.
• QQQ opened at $741.10, near its 52-week high of $748.65, with its 50-day and 200-day moving averages at $712.14 and $687.17, respectively.
• Invesco declared a quarterly dividend of $0.7514, equivalent to a 0.4% annualized yield, down from the previous payment of $0.8135.

QRG Capital Management Inc. boosted its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 60.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,505 shares of the exchange traded fund's stock after purchasing an additional 3,949 shares during the period. QRG Capital Management Inc.'s holdings in Invesco QQQ were worth $7,736,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. lifted its position in Invesco QQQ by 8.4% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 19,500 shares of the exchange traded fund's stock worth $14,360,000 after buying an additional 1,511 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Invesco QQQ by 1.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,038,610 shares of the exchange traded fund's stock valued at $2,237,606,000 after buying an additional 30,083 shares during the period. Reynders McVeigh Capital Management LLC grew its holdings in shares of Invesco QQQ by 20.2% during the 2nd quarter. Reynders McVeigh Capital Management LLC now owns 953 shares of the exchange traded fund's stock valued at $702,000 after acquiring an additional 160 shares in the last quarter. Revere Asset Management Inc purchased a new position in shares of Invesco QQQ during the 2nd quarter valued at $414,000. Finally, Bullseye Investment Management LLC acquired a new position in shares of Invesco QQQ in the second quarter worth $44,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 0.0%

NASDAQ QQQ opened at $741.10 on Friday. Invesco QQQ has a 1-year low of $555.60 and a 1-year high of $748.65. The firm's fifty day simple moving average is $712.14 and its 200-day simple moving average is $687.17.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Monday, September 21st will be given a $0.7514 dividend. This represents a $3.01 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Monday, September 21st. This is a decrease from Invesco QQQ's previous quarterly dividend of $0.8135.

Key Headlines Impacting Invesco QQQ

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

• Positive Sentiment: Invesco expanded its QQQ Innovation Suite internationally with the launch of the Invesco Nasdaq International Innovators 100 ETF (QQI). The product broadens access to innovation-focused companies outside the U.S. and could strengthen Invesco’s ETF franchise and investor interest in its innovation lineup. The Invesco QQQ Innovation Suite Expands with the Launch of Invesco Nasdaq International Innovators 100 ETF
• Positive Sentiment: Commentary favoring QQQ over semiconductor-focused ETFs argues that software and broader Nasdaq exposure offer a better valuation balance, potentially supporting demand for QQQ as investors seek continued participation in technology growth without concentrating exclusively in semiconductors. Buy SPY Or QQQ, Hold Software, And Sell Semiconductors
• Positive Sentiment: A recent dividend announcement and continued enthusiasm around long-term gains from technology themes such as cloud computing, digital advertising and artificial intelligence have reinforced QQQ’s appeal to growth-oriented investors. History Says This 1 Investment Could Set You Up for Life
• Neutral Sentiment: Reported short interest was zero shares as of September 24, implying no meaningful measurable short positioning. This removes an apparent source of selling pressure, but it also leaves little scope for a short-covering catalyst.
• Neutral Sentiment: Invesco hired former BlackRock ETF trading executive Tim Clavin to lead ETF capital markets in the Americas. The move may improve execution and distribution across Invesco’s ETF platform, but it is unlikely to materially change QQQ’s near-term holdings or performance. Invesco Taps BlackRock's Tim Clavin for ETF Capital Markets
• Negative Sentiment: Concerns about another rate hike, higher Treasury yields and tighter monetary policy could pressure the high-growth technology companies that make up much of QQQ. An October Surprise: Another Rate Hike Coming
• Negative Sentiment: Analysts warn that elevated AI expectations, market concentration and potential bottlenecks in AI infrastructure could trigger a pullback in the technology leaders heavily represented in QQQ. 3 Macro Risks For AI Stocks

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.

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.