Koenig Investment Advisory LLC Takes Position in Invesco QQQ $QQQ

Koenig Investment Advisory LLC acquired a new position in Invesco QQQ (NASDAQ:QQQ) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 3,131 shares of the exchange traded fund’s stock, valued at approximately $1,908,000. Invesco QQQ accounts for about 1.6% of Koenig Investment Advisory LLC’s investment portfolio, making the stock its 13th biggest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Goodman Advisory Group LLC acquired a new position in Invesco QQQ in the 3rd quarter worth approximately $25,000. University of Texas Texas AM Investment Management Co. purchased a new position in Invesco QQQ during the 4th quarter worth approximately $25,000. Shcp LLC acquired a new stake in Invesco QQQ during the 3rd quarter valued at approximately $27,000. Annis Gardner Whiting Capital Advisors LLC lifted its stake in Invesco QQQ by 2,150.0% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock valued at $28,000 after acquiring an additional 43 shares during the period. Finally, Rachor Investment Advisory Services LLC purchased a new stake in shares of Invesco QQQ in the 4th quarter valued at $29,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ News Roundup

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 Stock Performance

NASDAQ:QQQ opened at $740.62 on Friday. The company’s fifty day moving average price is $695.40 and its 200-day moving average price is $639.48. Invesco QQQ has a 1-year low of $523.65 and a 1-year high of $748.65.

Invesco QQQ Increases Dividend

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

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.