TD Waterhouse Canada Inc. Buys 2,876 Shares of Invesco QQQ $QQQ

Key Points

• TD Waterhouse Canada increased its Invesco QQQ position by 3.2% in the second quarter, adding 2,876 shares for a total of 92,412 shares valued at approximately $67 million.
• QQQ shares opened at $717.67, near their 52-week high of $748.65 and above both their 50-day and 200-day moving averages.
• Invesco QQQ raised its quarterly dividend to $0.8135 per share, representing an annualized dividend of $3.25 and a 0.5% yield.

TD Waterhouse Canada Inc. grew its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 92,412 shares of the exchange traded fund's stock after acquiring an additional 2,876 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in Invesco QQQ were worth $67,029,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Invesco QQQ in the fourth quarter valued at $25,000. Shcp LLC acquired a new stake in Invesco QQQ during the third quarter worth $27,000. Annis Gardner Whiting Capital Advisors LLC increased its holdings in Invesco QQQ by 2,150.0% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund's stock valued at $28,000 after buying an additional 43 shares during the period. Parvin Asset Management LLC bought a new stake in Invesco QQQ in the 1st quarter valued at $28,000. Finally, High Point Wealth Management LLC increased its holdings in Invesco QQQ by 68.0% in the 2nd quarter. High Point Wealth Management LLC now owns 42 shares of the exchange traded fund's stock valued at $31,000 after buying an additional 17 shares during the period. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $717.67 on Friday. The firm has a fifty day moving average of $711.01 and a 200-day moving average of $674.98. Invesco QQQ has a 52-week low of $555.60 and a 52-week high of $748.65.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 22nd were given a $0.8135 dividend. This represents a $3.25 annualized dividend and a yield of 0.5%. This is a boost from Invesco QQQ's previous quarterly dividend of $0.73. The ex-dividend date of this dividend was Monday, June 22nd.

Key Headlines Impacting Invesco QQQ

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

• Positive Sentiment: Broad U.S. equity ETFs moved higher after midday, indicating a supportive market backdrop for QQQ and its mega-cap technology constituents. Exchange-Traded Funds Rise as US Equities Advance After Midday
• Positive Sentiment: TipRanks’ ETF AI Analyst gave QQQ an Outperform rating and identified at least 15% upside potential, reinforcing bullish sentiment toward the fund’s technology exposure. 3 ETFs to Buy with At Least 15% Upside Potential, According to the AI Analyst
• Positive Sentiment: Recent economic commentary characterized cooler payroll growth as consistent with a low probability of recession. A softer labor market could support expectations for lower interest rates, which generally benefits growth and technology stocks held by QQQ. Mixed Data, Cooler Payrolls - And Still A Low Probability Of Recession
• Neutral Sentiment: Market outlook articles presented competing views on inflation, wages, government debt, AI investment and September seasonality, suggesting investors remain divided over the durability of the technology-led rally. September Market Digest
• Negative Sentiment: Warnings of an AI-bubble burst, falling token prices and rising yields highlight valuation and rate risks for QQQ’s high-growth holdings. AI Bubble Burst: Token Prices Collapse, And Yields Soar
• Negative Sentiment: Escalating U.S.-Iran tensions and renewed discussion of the Iran conflict could increase market uncertainty and pressure risk-sensitive technology shares. Exchange-Traded Funds, Equity Futures Mixed Pre-Bell Wednesday Amid Escalating US-Iran Tensions

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.

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