Invesco QQQ $QQQ Shares Bought by Optas LLC

Optas LLC raised its position in shares of Invesco QQQ (NASDAQ:QQQ) by 152.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,167 shares of the exchange traded fund’s stock after purchasing an additional 1,309 shares during the quarter. Optas LLC’s holdings in Invesco QQQ were worth $1,251,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Corient Private Wealth LLC lifted its holdings in shares of Invesco QQQ by 3,567.7% during the fourth quarter. Corient Private Wealth LLC now owns 21,436,917 shares of the exchange traded fund’s stock worth $13,168,912,000 after purchasing an additional 20,852,432 shares during the period. Bank of America Corp DE increased its holdings in Invesco QQQ by 381.0% in the 4th quarter. Bank of America Corp DE now owns 19,547,552 shares of the exchange traded fund’s stock worth $12,008,257,000 after buying an additional 26,505,055 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in Invesco QQQ by 11.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,547,591 shares of the exchange traded fund’s stock worth $2,179,321,000 after buying an additional 375,581 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its position in Invesco QQQ by 21.4% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,025,000 shares of the exchange traded fund’s stock worth $1,858,288,000 after buying an additional 534,000 shares during the last quarter. Finally, Analyst IMS Investment Management Services Ltd. raised its position in Invesco QQQ by 68.6% during the 4th quarter. Analyst IMS Investment Management Services Ltd. now owns 1,750,079 shares of the exchange traded fund’s stock worth $1,075,091,000 after buying an additional 712,026 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $713.61 on Friday. Invesco QQQ has a 12 month low of $549.58 and a 12 month high of $748.65. The company has a 50 day simple moving average of $711.37 and a two-hundred day simple moving average of $645.79.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Monday, June 22nd will be issued a dividend of $0.8135 per share. This represents a $3.25 annualized dividend and a dividend yield of 0.5%. 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 News Roundup

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

• Positive Sentiment: The June jobs reports and related commentary point to softer hiring, which could reduce pressure on the Federal Reserve to stay hawkish and support growth stocks like QQQ’s heavy tech holdings. BLS Jobs Report: +57K, Half Expectations
• Positive Sentiment: Several articles argue that cooler labor-market data is already cooling rate-hike talk, which tends to help long-duration assets and growth ETFs such as QQQ. U.S. Rate Hike Talk Cools On Softer Jobs Data
• Positive Sentiment: Despite recent AI worries, some coverage says the semiconductor rotation and broader Nasdaq strength still look intact, which is supportive for QQQ’s top holdings. The Rotation Is Turning On Semiconductors
• Neutral Sentiment: Market commentary shows a split tape, with ETFs and U.S. equities mixed after midday and investors waiting for more clarity on growth and rates. Exchange-Traded Funds Fall, US Equities Mixed After Midday
• Neutral Sentiment: There is also a steady stream of cautious AI commentary, including warnings about a possible bubble and heavy capex, but other articles push back and say those concerns may be overstated. Michael Burry’s newest short reveals what really worries him about AI
• Negative Sentiment: Articles highlighting a sharp drop in the Magnificent 7’s market value and “AI bubble” fears could weigh on QQQ because the fund is heavily exposed to mega-cap tech. The Mag 7 Just Lost $2.3 Trillion in a Single Month. Here’s the AI Fear Behind It
• Negative Sentiment: One piece also warns that QQQ investors may be paying up for a fee structure that lags a cheaper sibling ETF, which is a longer-term headwind for fund flows. With the SpaceX IPO Reshaping the Nasdaq, Is QQQ Still a Smart Investment Right Now?

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.