Lynch Investment Planning LLC Purchases Shares of 2,461 Invesco QQQ $QQQ

Lynch Investment Planning LLC purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, HoldingsChannel reports. The fund purchased 2,461 shares of the exchange traded fund’s stock, valued at approximately $1,512,000. Invesco QQQ accounts for 1.4% of Lynch Investment Planning LLC’s investment portfolio, making the stock its 17th largest position.

A number of other hedge funds and other institutional investors also recently modified their holdings of QQQ. Drake & Associates LLC lifted its holdings in shares of Invesco QQQ by 15.1% in the fourth quarter. Drake & Associates LLC now owns 2,425 shares of the exchange traded fund’s stock valued at $1,490,000 after buying an additional 318 shares during the period. Sonoma Allocations LLC grew its holdings in Invesco QQQ by 3.3% during the fourth quarter. Sonoma Allocations LLC now owns 23,274 shares of the exchange traded fund’s stock worth $14,578,000 after acquiring an additional 733 shares during the period. Wealth Preservation Advisors LLC acquired a new position in Invesco QQQ during the fourth quarter worth about $50,000. Monetary Solutions Ltd bought a new stake in Invesco QQQ in the fourth quarter worth about $906,000. Finally, Walser Wealth Management Company A Ltd Liability Co bought a new stake in Invesco QQQ in the fourth quarter worth about $778,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $740.62 on Friday. Invesco QQQ has a twelve month low of $523.65 and a twelve month high of $748.65. The firm has a 50-day moving average of $695.40 and a two-hundred day moving average of $639.48.

Invesco QQQ Increases Dividend

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

Key Headlines Impacting 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 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.