Wick Capital Partners LLC Buys 1,767 Shares of Invesco QQQ $QQQ

Wick Capital Partners LLC raised its stake in Invesco QQQ (NASDAQ:QQQ) by 71.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,246 shares of the exchange traded fund’s stock after acquiring an additional 1,767 shares during the quarter. Wick Capital Partners LLC’s holdings in Invesco QQQ were worth $2,608,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Professional Financial Solutions LLC ADV bought a new stake in shares of Invesco QQQ in the fourth quarter valued at $327,000. Mcguire Capital Advisors Inc. bought a new position in shares of Invesco QQQ during the 4th quarter worth $1,949,000. Claris Financial LLC bought a new position in shares of Invesco QQQ during the 4th quarter worth $657,000. Connective Capital Management LLC grew its stake in shares of Invesco QQQ by 34.6% during the 4th quarter. Connective Capital Management LLC now owns 32,694 shares of the exchange traded fund’s stock worth $20,084,000 after acquiring an additional 8,400 shares during the period. Finally, TMB Capital Partners LLC purchased a new stake in Invesco QQQ in the 4th quarter worth about $780,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $740.62 on Friday. Invesco QQQ has a 52-week low of $523.65 and a 52-week high of $748.65. The stock’s 50-day simple moving average is $692.71 and its 200 day simple moving average is $638.77.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, June 22nd will be paid a $0.8135 dividend. The ex-dividend date is Monday, June 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.73. This represents a $3.25 annualized dividend and a dividend yield of 0.4%.

Key Invesco QQQ News

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

• Positive Sentiment: Broad U.S. equity ETFs were higher or stable in intraday trading, suggesting some support for risk assets and large-cap growth exposure. Exchange-Traded Funds, US Equities Higher After Midday
• Positive Sentiment: Market discussion around semiconductors and AI remains a potential tailwind for QQQ because those sectors are key index holdings. Semiconductor Stocks May Be Creating A Stock Market Misalignment
• Neutral Sentiment: ETFs saw unusual volume and investors are watching flows, but the article does not point to a clear QQQ-specific catalyst. 2 ETFs to Watch for Outsized Volume on US Treasury & Dividend
• Neutral Sentiment: Some commentary continues to debate QQQ’s valuation and whether there are cheaper ways to get tech exposure, but this is more of a long-term positioning argument than an immediate stock driver. VOO vs. QQQ — Which Strong Buy-Rated ETF Should You Choose Now?
• Negative Sentiment: Multiple Fed-related articles point to a hawkish policy shift, which could weigh on QQQ by raising discount-rate pressure on high-multiple tech stocks. Fed Chair Warsh in the Spotlight: Will He Advocate Rate Cuts?
• Negative Sentiment: Articles warning that the Fed may not provide forward guidance and could be moving toward rate hikes are a negative backdrop for growth-oriented ETFs like QQQ. New Era for the Fed: Kevin Warsh at the FOMC

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.