28,138 Shares in Invesco QQQ $QQQ Acquired by Merrithew & Thorsten Inc

Merrithew & Thorsten Inc bought a new stake in shares of Invesco QQQ (NASDAQ:QQQ) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 28,138 shares of the exchange traded fund’s stock, valued at approximately $16,241,000. Invesco QQQ comprises 15.3% of Merrithew & Thorsten Inc’s investment portfolio, making the stock its 3rd largest position.

Other large investors have also recently added to or reduced their stakes in the company. University of Texas Texas AM Investment Management Co. purchased a new position in Invesco QQQ in the 4th quarter worth about $25,000. Shcp LLC purchased a new stake in Invesco QQQ during the third quarter valued at about $27,000. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in shares of Invesco QQQ by 2,150.0% in 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 period. Rachor Investment Advisory Services LLC acquired a new position in shares of Invesco QQQ in the fourth quarter worth about $29,000. Finally, Islay Capital Management LLC purchased a new position in shares of Invesco QQQ in the fourth quarter worth approximately $32,000. 44.58% of the stock is currently owned by institutional investors.

More Invesco QQQ News

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

• Positive Sentiment: Several pieces pointed to QQQ as a favored way to buy the recent tech pullback, including coverage describing it as a top ETF to load up on during the sell-off and highlighting continued investor demand for Nasdaq-100 exposure. Article Title
• Positive Sentiment: Market chatter around strong Nasdaq-100 trading activity and bullish positioning suggests some investors are still betting on a rebound in large-cap growth and AI-related stocks, which can support QQQ. Article Title
• Neutral Sentiment: BlackRock launched a competing Nasdaq-100 ETF, IQQ, which may increase competition in the category, but it also reinforces continued interest in Nasdaq-100 index products overall. Article Title
• Neutral Sentiment: Other articles focused on macro themes such as inflation, Fed policy, geopolitical tensions, and labor data; these can move QQQ through risk appetite, but they do not directly change the ETF’s fundamentals. Article Title
• Negative Sentiment: Several commentary pieces warned that higher inflation, a hawkish Fed, and geopolitical stress could pressure growth stocks and reduce appetite for Nasdaq-heavy exposure, which is a headwind for QQQ. Article Title

Invesco QQQ Stock Up 0.3%

Shares of QQQ stock traded up $2.23 during trading hours on Friday, reaching $725.51. 26,367,856 shares of the stock traded hands, compared to its average volume of 40,630,508. Invesco QQQ has a 1-year low of $551.56 and a 1-year high of $748.65. The business has a fifty day moving average price of $718.41 and a 200 day moving average price of $650.06.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 22nd were paid a dividend of $0.8135 per share. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $3.25 annualized dividend and a yield of 0.4%.

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.