65,958 Shares in Invesco QQQ $QQQ Acquired by Thryve Wealth Management LLC

Thryve Wealth Management LLC bought a new stake in shares of Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 65,958 shares of the exchange traded fund’s stock, valued at approximately $40,519,000. Invesco QQQ accounts for 20.0% of Thryve Wealth Management LLC’s holdings, making the stock its largest position.

Other large investors have also made changes to their positions in the company. MidFirst Bank acquired a new position in Invesco QQQ during the fourth quarter worth $25,052,000. Alternative Investment Advisors LLC. increased its position in Invesco QQQ by 27.4% in the 4th quarter. Alternative Investment Advisors LLC. now owns 924 shares of the exchange traded fund’s stock worth $569,000 after buying an additional 199 shares during the period. TRU Independence Asset Management 2 LLC increased its position in Invesco QQQ by 10.1% during the fourth quarter. TRU Independence Asset Management 2 LLC now owns 9,756 shares of the exchange traded fund’s stock worth $5,993,000 after acquiring an additional 898 shares during the period. Ketron Financial bought a new position in shares of Invesco QQQ during the 4th quarter worth about $5,341,000. Finally, Astoria Portfolio Advisors LLC. increased its stake in Invesco QQQ by 5.6% during the fourth quarter. Astoria Portfolio Advisors LLC. now owns 6,488 shares of the exchange traded fund’s stock valued at $3,902,000 after acquiring an additional 342 shares during the period. Institutional investors own 44.58% of the company’s stock.

More Invesco QQQ News

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

• Positive Sentiment: Invesco QQQ declared a quarterly dividend of $0.8135 per share, an 11.0% increase from the prior quarter, which can improve investor sentiment toward the fund. Article Title
• Positive Sentiment: Multiple articles highlighted QQQ’s strong long-term performance, including commentary that a modest investment in the ETF a decade ago would now be worth far more, reinforcing its status as a premier growth benchmark. Article Title
• Neutral Sentiment: Broader market and ETF coverage showed U.S. equity funds trading higher at times, suggesting the macro backdrop is supportive but not specific to QQQ alone. Article Title
• Neutral Sentiment: Several Fed-related commentaries pointed to a more hawkish policy tone and less forward guidance, which could pressure rate-sensitive growth stocks even as investors assess the implications for the Nasdaq-100. Article Title

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $740.62 on Friday. Invesco QQQ has a one year low of $523.65 and a one year high of $748.65. The business has a fifty day simple moving average of $695.40 and a 200 day simple moving average of $639.48.

Invesco QQQ Increases Dividend

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

Invesco QQQ Company 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.