Reflection Asset Management Invests $5.25 Million in Invesco QQQ $QQQ

Reflection Asset Management acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 8,475 shares of the exchange traded fund’s stock, valued at approximately $5,253,000. Invesco QQQ comprises about 3.7% of Reflection Asset Management’s holdings, making the stock its 4th largest holding.

Several other large investors also recently bought and sold shares of QQQ. CFO Capital Management LLC purchased a new stake in shares of Invesco QQQ during the 4th quarter valued at about $656,000. Clearwave Capital LLC purchased a new position in shares of Invesco QQQ during the fourth quarter valued at approximately $390,000. Rising Stella Capital Pte. Ltd bought a new position in Invesco QQQ during the fourth quarter valued at approximately $96,383,000. Beacon Advisors Holdings LLC bought a new position in Invesco QQQ during the fourth quarter valued at approximately $6,106,000. Finally, Tempo Wealth LLC bought a new position in Invesco QQQ during the fourth quarter valued at approximately $14,375,000. 44.58% of the stock is currently owned by institutional investors.

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 Stock Performance

QQQ stock opened at $740.62 on Friday. Invesco QQQ has a 1 year low of $523.65 and a 1 year high of $748.65. The stock’s fifty day moving average price is $695.40 and its 200-day moving average price is $639.48.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 22nd will be given 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 dividend on an annualized basis and a yield of 0.4%.

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.