Patriot Financial Group Insurance Agency LLC Increases Stock Holdings in Invesco QQQ $QQQ

Patriot Financial Group Insurance Agency LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 100.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,470 shares of the exchange traded fund’s stock after purchasing an additional 4,247 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Invesco QQQ were worth $4,889,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Goodman Advisory Group LLC purchased a new stake in shares of Invesco QQQ in the 3rd quarter valued at approximately $25,000. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Invesco QQQ during the 4th quarter valued at approximately $25,000. Shcp LLC purchased a new stake in shares of Invesco QQQ during the 3rd quarter valued at approximately $27,000. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in 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 valued at $28,000 after acquiring an additional 43 shares during the last quarter. Finally, Rachor Investment Advisory Services LLC acquired a new position in Invesco QQQ in the fourth quarter valued at approximately $29,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Invesco QQQ

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

• Positive Sentiment: Chipmaker strength helped calm some AI-related worries, with overnight futures supported by strong Micron results and broader optimism that the AI trade still has room to run.
• Neutral Sentiment: Several market commentary pieces argue that rotation is broadening beyond mega-cap tech, which could mean less concentration risk for QQQ but also a less dominant leadership role for the ETF.
• Neutral Sentiment: Invesco QQQ is also facing fresh competition, as State Street launched a rival Nasdaq-100 ETF and BlackRock is expected to enter the category, which may pressure fee and asset-growth dynamics over time. Article Title
• Negative Sentiment: Inflation readings remained sticky, including higher core PCE and core services inflation, reinforcing fears that the Fed may stay restrictive longer than hoped and weighing on growth stocks.
• Negative Sentiment: Bearish market commentary about a possible liquidity shock and an “S&P 500 bubble burst” likely added to pressure on QQQ’s tech-heavy holdings, which tend to be sensitive to tightening financial conditions.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $706.52 on Monday. Invesco QQQ has a fifty-two week low of $544.54 and a fifty-two week high of $748.65. The stock has a 50 day moving average of $704.99 and a 200 day moving average of $642.92.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, June 22nd will be paid 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 annualized dividend and a dividend yield of 0.5%.

Invesco QQQ Company 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.