SB Capital Management Inc Makes New Investment in Invesco QQQ $QQQ

SB Capital Management Inc bought a new stake in Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,427 shares of the exchange traded fund’s stock, valued at approximately $877,000.

Other hedge funds have also made changes to their positions in the company. Catalyst Investment Management LLC acquired a new position in Invesco QQQ in the 4th quarter valued at about $856,000. Sunbelt Securities Inc. grew its stake in shares of Invesco QQQ by 3.0% in the 4th quarter. Sunbelt Securities Inc. now owns 38,127 shares of the exchange traded fund’s stock valued at $23,422,000 after purchasing an additional 1,128 shares during the last quarter. Attestor Capital Ltd purchased a new position in shares of Invesco QQQ in the 4th quarter valued at approximately $3,316,000. Kinloch Capital LLC acquired a new position in shares of Invesco QQQ in the fourth quarter valued at approximately $415,000. Finally, Talisman Wealth Advisors LLC raised its stake in shares of Invesco QQQ by 4.6% during the fourth quarter. Talisman Wealth Advisors LLC now owns 451 shares of the exchange traded fund’s stock worth $278,000 after purchasing an additional 20 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 2.5%

Shares of NASDAQ QQQ opened at $740.62 on Friday. The stock has a fifty day moving average price of $692.71 and a 200 day moving average price of $638.77. Invesco QQQ has a 1-year low of $523.65 and a 1-year high of $748.65.

Invesco QQQ Increases Dividend

The company 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. 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%.

Key Headlines Impacting Invesco QQQ

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

About Invesco QQQ

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.