TD Waterhouse Canada Inc. Has $67.03 Million Stake in 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 $67.03 million.
• QQQ opened at $713.44, near its 50-day moving average of $713.76, with a 52-week range of $555.60 to $748.65. Institutional investors and hedge funds own 44.58% of the fund.
• Invesco QQQ raised its quarterly dividend to $0.8135 per share, equivalent to an annualized $3.25 dividend and a 0.5% yield, while elevated interest rates and credit-market concerns remain risks for its technology-heavy holdings.

TD Waterhouse Canada Inc. increased its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 92,412 shares of the exchange traded fund's stock after purchasing an additional 2,876 shares during the period. TD Waterhouse Canada Inc.'s holdings in Invesco QQQ were worth $67,029,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. University of Texas Texas AM Investment Management Co. bought a new stake in Invesco QQQ in the fourth quarter valued at $25,000. High Point Wealth Management LLC raised its position 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 purchasing an additional 17 shares during the last quarter. Shcp LLC bought a new position in shares of Invesco QQQ in the third quarter valued at about $27,000. Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of Invesco QQQ by 2,150.0% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund's stock worth $28,000 after purchasing an additional 43 shares in the last quarter. Finally, Rachor Investment Advisory Services LLC acquired a new position in Invesco QQQ during the 4th quarter worth $29,000. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $713.44 on Friday. Invesco QQQ has a 1 year low of $555.60 and a 1 year high of $748.65. The company's 50-day moving average is $713.76 and its two-hundred day moving average is $668.02.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 22nd were issued a dividend of $0.8135 per share. This represents a $3.25 dividend on an annualized basis and a yield of 0.5%. This is an increase from Invesco QQQ's previous quarterly dividend of $0.73. The ex-dividend date was Monday, June 22nd.

Invesco QQQ News Summary

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

• Positive Sentiment: U.S. equities and exchange-traded funds advanced after midday, providing a favorable backdrop for QQQ’s Nasdaq-100 holdings. Exchange-Traded Funds Rise as US Equities Advance After Midday
• Positive Sentiment: An analysis describing a relatively inexpensive way to own artificial-intelligence exposure may reinforce demand for established technology companies represented heavily in QQQ. The Boring Way To Own AI Is Now The Cheap Way
• Positive Sentiment: Technical market commentary identified key support and resistance levels for QQQ and major holdings including Apple, Microsoft, Nvidia, Alphabet, Meta and Tesla, potentially encouraging dip-buying if support holds. How To Trade SPY, QQQ And 6 Mega Caps
• Neutral Sentiment: Market coverage said stocks were attempting to rebound while yields moved higher, leaving QQQ caught between improving risk appetite and pressure from higher borrowing costs. Markets Try To Bounce Back As Yields Head Higher
• Neutral Sentiment: Debate over Treasury policy, inflation, monetary support and U.S. market leadership is adding uncertainty to the interest-rate outlook, an important driver of growth-stock valuations. War, Inflation, And The Battle For Market Leadership
• Negative Sentiment: Credit-market risks may be underappreciated by AI-focused stocks, raising concerns about concentrated valuations and potential volatility among QQQ’s technology holdings. AI Stocks May Be Ignoring A Growing Risk Seen In Credit Markets
• Negative Sentiment: A hawkish interpretation of Federal Reserve minutes and the recent bond selloff could keep interest rates elevated, which generally weighs on high-growth technology stocks. Fed Minutes Lean Hawkish, But We Don't Expect A Hike

About Invesco QQQ

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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