Johnson Investment Counsel Inc. grew its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 124,860 shares of the exchange traded fund's stock after buying an additional 1,476 shares during the quarter. Johnson Investment Counsel Inc.'s holdings in Invesco QQQ were worth $91,947,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the stock. Bank of America Corp DE increased its holdings in Invesco QQQ by 381.0% in the 4th quarter. Bank of America Corp DE now owns 19,547,552 shares of the exchange traded fund's stock worth $12,008,257,000 after acquiring an additional 26,505,055 shares in the last quarter. Corient Private Wealth LLC boosted its position in shares of Invesco QQQ by 3,567.7% in the fourth quarter. Corient Private Wealth LLC now owns 21,436,917 shares of the exchange traded fund's stock worth $13,168,912,000 after purchasing an additional 20,852,432 shares during the period. Delta Global Management LP bought a new position in shares of Invesco QQQ in the fourth quarter worth approximately $821,084,000. Align Financial LLC purchased a new stake in shares of Invesco QQQ in the fourth quarter worth $78,118,000. Finally, Bank of Montreal Can increased its stake in shares of Invesco QQQ by 142.4% in the fourth quarter. Bank of Montreal Can now owns 1,431,050 shares of the exchange traded fund's stock worth $877,406,000 after purchasing an additional 840,803 shares in the last quarter. Institutional investors own 44.58% of the company's stock.
Invesco QQQ Stock Performance
Shares of QQQ stock opened at $717.51 on Wednesday. Invesco QQQ has a one year low of $555.60 and a one year high of $748.65. The company's fifty day moving average price is $713.60 and its 200-day moving average price is $666.46.
Invesco QQQ Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 22nd were paid a $0.8135 dividend. This represents a $3.25 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, June 22nd. This is a boost from Invesco QQQ's previous quarterly dividend of $0.73.
Key Headlines Impacting Invesco QQQ
Here are the key news stories impacting Invesco QQQ this week:
- Positive Sentiment: QQQ remains supported by strong year-to-date performance, with the Nasdaq-100’s gains suggesting that Wall Street still sees potential for additional upside despite recent volatility. Invesco QQQ Trust ETF Is Up 19% YTD
- Positive Sentiment: Invesco recorded substantial ETF inflows, indicating continued investor demand for its products and potentially reinforcing confidence in the broader Invesco platform. ETF League Tables: Invesco Registers Inflows
- Neutral Sentiment: QQQ and QQQM provide similar Nasdaq-100 exposure; comparisons emphasize QQQ’s liquidity and trading advantages, while QQQM may appeal more to long-term investors seeking lower costs. QQQ vs. QQQM
- Negative Sentiment: Market commentary warned that rising Treasury yields and a more complicated Fed outlook could pressure growth-stock valuations by increasing the discount rate applied to future earnings. Fed’s Next Rate Move Just Got More Complicated
- Negative Sentiment: Concerns over excessive AI spending, possible bubble conditions, elevated investor leverage, and weakening consumer sentiment increased the risk of a pullback in QQQ’s heavily weighted technology holdings. Macro Insights: AI Capex and Rising Yields
About Invesco QQQ
(
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.
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