Monetary Solutions Ltd Acquires New Holdings in Invesco QQQ $QQQ

Monetary Solutions Ltd acquired a new position in Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, Holdings Channel reports. The fund acquired 1,475 shares of the exchange traded fund’s stock, valued at approximately $906,000. Invesco QQQ makes up approximately 0.9% of Monetary Solutions Ltd’s investment portfolio, making the stock its 20th biggest position.

A number of other hedge funds also recently bought and sold shares of the stock. Brighton Jones LLC raised its position in shares of Invesco QQQ by 15.0% in the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after acquiring an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in Invesco QQQ by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock valued at $2,687,000 after purchasing an additional 176 shares in the last quarter. Jupiter Wealth Management LLC bought a new stake in Invesco QQQ during the second quarter valued at about $290,000. Wealth Group Ltd. grew its stake in Invesco QQQ by 283.7% in the second quarter. Wealth Group Ltd. now owns 24,629 shares of the exchange traded fund’s stock valued at $13,587,000 after purchasing an additional 18,210 shares during the last quarter. Finally, Invesco Ltd. grew its stake in Invesco QQQ by 1,057.3% in the second quarter. Invesco Ltd. now owns 33,063 shares of the exchange traded fund’s stock valued at $18,239,000 after purchasing an additional 30,206 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $740.62 on Friday. The company has a 50-day simple moving average of $695.40 and a two-hundred day simple moving average of $639.48. Invesco QQQ has a one year low of $523.65 and a one year high of $748.65.

Invesco QQQ Increases Dividend

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

Invesco QQQ News Roundup

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 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.