Sonoma Allocations LLC Raises Stake in Invesco QQQ $QQQ

Sonoma Allocations LLC grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 3.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,274 shares of the exchange traded fund’s stock after acquiring an additional 733 shares during the quarter. Invesco QQQ accounts for approximately 4.9% of Sonoma Allocations LLC’s portfolio, making the stock its 5th largest holding. Sonoma Allocations LLC’s holdings in Invesco QQQ were worth $14,578,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Goodman Advisory Group LLC purchased a new position in shares of Invesco QQQ in the 3rd quarter worth about $25,000. University of Texas Texas AM Investment Management Co. purchased a new stake in Invesco QQQ during the fourth quarter worth about $25,000. Annis Gardner Whiting Capital Advisors LLC increased its holdings in Invesco QQQ by 2,150.0% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 43 shares during the last quarter. Shcp LLC bought a new stake in Invesco QQQ in the third quarter worth about $27,000. Finally, Rachor Investment Advisory Services LLC bought a new stake in Invesco QQQ in the fourth quarter worth about $29,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ opened at $740.62 on Friday. Invesco QQQ has a twelve month low of $523.65 and a twelve month high of $748.65. The company’s 50-day moving average price is $695.40 and its two-hundred 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. Investors of record on Monday, June 22nd will be issued a $0.8135 dividend. 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. This represents a $3.25 dividend on an annualized basis 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: 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.