Johnson Investment Counsel Inc. Acquires 1,476 Shares of Invesco QQQ $QQQ

Johnson Investment Counsel Inc. raised its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 1.2% in the second quarter, HoldingsChannel reports. The institutional investor owned 124,860 shares of the exchange traded fund’s stock after acquiring an additional 1,476 shares during the period. Johnson Investment Counsel Inc.’s holdings in Invesco QQQ were worth $91,947,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of QQQ. University of Texas Texas AM Investment Management Co. purchased a new position in Invesco QQQ during the fourth quarter valued at $25,000. High Point Wealth Management LLC boosted its holdings in shares of Invesco QQQ by 68.0% during the 2nd quarter. High Point Wealth Management LLC now owns 42 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 17 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its position in shares of 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 valued at $28,000 after purchasing an additional 43 shares in the last quarter. Shcp LLC bought a new stake in shares of Invesco QQQ in the third quarter worth about $27,000. Finally, Rachor Investment Advisory Services LLC purchased a new stake in shares of Invesco QQQ in the fourth quarter worth about $29,000. Institutional investors own 44.58% of the company’s stock.

Key Headlines Impacting Invesco QQQ

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

• Positive Sentiment: QQQ remains supported by strong year-to-date performance, with the Nasdaq-100’s gains suggesting that Wall Street still sees potential for additional upside despite recent volatility. Invesco QQQ Trust ETF Is Up 19% YTD
• Positive Sentiment: Invesco recorded substantial ETF inflows, indicating continued investor demand for its products and potentially reinforcing confidence in the broader Invesco platform. ETF League Tables: Invesco Registers Inflows
• Neutral Sentiment: QQQ and QQQM provide similar Nasdaq-100 exposure; comparisons emphasize QQQ’s liquidity and trading advantages, while QQQM may appeal more to long-term investors seeking lower costs. QQQ vs. QQQM
• Negative Sentiment: Market commentary warned that rising Treasury yields and a more complicated Fed outlook could pressure growth-stock valuations by increasing the discount rate applied to future earnings. Fed’s Next Rate Move Just Got More Complicated
• Negative Sentiment: Concerns over excessive AI spending, possible bubble conditions, elevated investor leverage, and weakening consumer sentiment increased the risk of a pullback in QQQ’s heavily weighted technology holdings. Macro Insights: AI Capex and Rising Yields

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $717.51 on Wednesday. The stock has a 50 day moving average of $713.60 and a 200 day moving average of $666.46. Invesco QQQ has a 12 month low of $555.60 and a 12 month high of $748.65.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 22nd were issued a $0.8135 dividend. This represents a $3.25 dividend on an annualized basis 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 was Monday, June 22nd.

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.