Westmount Partners LLC Acquires 1,492 Shares of Invesco QQQ $QQQ

Westmount Partners LLC increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 18.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,411 shares of the exchange traded fund’s stock after buying an additional 1,492 shares during the period. Invesco QQQ accounts for approximately 1.3% of Westmount Partners LLC’s holdings, making the stock its 15th biggest holding. Westmount Partners LLC’s holdings in Invesco QQQ were worth $5,432,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in QQQ. Carrera Capital Advisors grew its position in shares of Invesco QQQ by 99.3% during the 4th quarter. Carrera Capital Advisors now owns 2,316 shares of the exchange traded fund’s stock worth $1,423,000 after buying an additional 1,154 shares during the period. Sovran Advisors LLC lifted its holdings in Invesco QQQ by 8.0% in the fourth quarter. Sovran Advisors LLC now owns 18,032 shares of the exchange traded fund’s stock valued at $11,212,000 after buying an additional 1,340 shares during the period. Corepath Wealth Partners LLC lifted its holdings in Invesco QQQ by 19.7% in the fourth quarter. Corepath Wealth Partners LLC now owns 8,723 shares of the exchange traded fund’s stock valued at $5,471,000 after buying an additional 1,436 shares during the period. Cane Capital Partners LLC acquired a new position in Invesco QQQ in the fourth quarter valued at approximately $715,000. Finally, Mariner LLC boosted its stake in Invesco QQQ by 2.6% in the fourth quarter. Mariner LLC now owns 1,084,500 shares of the exchange traded fund’s stock valued at $666,226,000 after acquiring an additional 27,560 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Trending Headlines about 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 Price Performance

QQQ opened at $740.62 on Monday. The company has a fifty day moving average price of $695.40 and a two-hundred day moving average price of $639.64. Invesco QQQ has a 52 week low of $523.65 and a 52 week high of $748.65.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, June 22nd will be given a $0.8135 dividend. The ex-dividend date is Monday, June 22nd. This represents a $3.25 annualized dividend and a dividend yield of 0.4%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.73.

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.