Round Rock Advisors LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 82,898 shares of the exchange traded fund's stock after acquiring an additional 2,834 shares during the period. Invesco QQQ accounts for about 7.9% of Round Rock Advisors LLC's portfolio, making the stock its biggest position. Round Rock Advisors LLC's holdings in Invesco QQQ were worth $61,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Invesco QQQ during the 4th quarter worth $25,000. Shcp LLC acquired a new position in Invesco QQQ in the third quarter valued at about $27,000. Annis Gardner Whiting Capital Advisors LLC raised its stake 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 purchasing an additional 43 shares in the last quarter. Parvin Asset Management LLC bought a new stake in Invesco QQQ during the first quarter worth about $28,000. Finally, High Point Wealth Management LLC lifted its position in Invesco QQQ by 68.0% during the second quarter. High Point Wealth Management LLC now owns 42 shares of the exchange traded fund's stock worth $31,000 after purchasing an additional 17 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.
Invesco QQQ Trading Up 0.2%
Shares of Invesco QQQ stock opened at $709.24 on Thursday. Invesco QQQ has a 12-month low of $555.60 and a 12-month high of $748.65. The firm's 50-day moving average price is $710.98 and its two-hundred day moving average price is $674.17.
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 given a dividend of $0.8135 per share. The ex-dividend date was Monday, June 22nd. This represents a $3.25 annualized dividend and a dividend yield of 0.5%. This is a positive change from Invesco QQQ's previous quarterly dividend of $0.73.
More Invesco QQQ News
Here are the key news stories impacting Invesco QQQ this week:
- Positive Sentiment: U.S. equities advanced during Wednesday’s session, providing a favorable backdrop for QQQ and other broad equity ETFs. Exchange-Traded Funds Rise as US Equities Advance After Midday
- Positive Sentiment: TipRanks’ AI Analyst rated QQQ Outperform and identified at least 15% potential upside, reinforcing the bullish case for large-cap technology stocks. 3 ETFs to Buy with At Least 15% Upside Potential, According to the AI Analyst
- Positive Sentiment: August ETF flows showed strong demand for Nasdaq-100, S&P 500 and technology-focused funds, indicating continued capital inflows that can support QQQ’s underlying holdings. ETF Asset Flow of August: S&P 500 Tops
- Neutral Sentiment: A comparison found the covered-call ETF TDAQ slightly ahead of QQQ since its launch, but the article emphasized that QQQ is likely to outperform over longer periods, highlighting the trade-off between income and growth.
- Negative Sentiment: Reports of AI infrastructure delays, elevated bond yields and concerns about an AI bubble could pressure QQQ’s high-growth technology constituents.
- Negative Sentiment: Escalating U.S.-Iran tensions and uncertainty over monetary policy are increasing market volatility and may limit investor appetite for richly valued technology stocks. Exchange-Traded Funds, Equity Futures Mixed Pre-Bell Wednesday Amid Escalating US-Iran Tensions
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.
See Also
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.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Invesco QQQ, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Invesco QQQ wasn't on the list.
While Invesco QQQ currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The AI boom is creating opportunities across semiconductors, cloud computing, enterprise software, infrastructure, cybersecurity, and automation.
Inside this report, you’ll find 10 companies positioned to benefit as artificial intelligence moves from hype to real-world deployment and becomes a core growth driver for corporate America.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
