Invesco QQQ shares: Sterling Financial Planning Inc. has made a significant move in the market, acquiring Invesco QQQ (NASDAQ:QQQ) shares. According to its first quarter SEC filing, the firm increased its stake in Invesco QQQ by an impressive 26.5%. The purchase involved 1,391 shares for 6,645 exchange-traded fund shares. As a result, Invesco QQQ now stands as the 25th largest investment for Sterling Financial Planning Inc., comprising 1.2% of its portfolio. The total value of Invesco QQQ shares owned by Sterling Financial Planning Inc. amounts to $2,133,000 as of the last reporting period.
This move by Sterling Financial Planning Inc. indicates its confidence in the potential of Covered Call ETFs to generate substantial returns during favorable market conditions. Other key investors have also been actively buying and selling Invesco QQQ shares in recent quarters.
First American Trust FSB increased its stake in Invesco QQQ by 25.5% last quarter, acquiring 845 shares, totaling 4,163 ETF shares with a value of $1,109,000. Similarly, Berkeley Capital Partners LLC purchased 0.8% more Invesco QQQ shares in Q1, acquiring 159 shares, totaling 18,874 ETF shares worth $6,057,000. Asset Planning Corporation invested $200,000 in Invesco QQQ shares earlier this year. Sigma Planning Corp.
Increased its stake by 4.4% last quarter, acquiring 6,587 shares, and holding a total of 156,502 exchange-traded fund shares with a value of $41,673,000. Meanwhile, Archford Capital Strategies LLC made a significant move, purchasing 327.3% more Invesco QQQ shares last quarter, acquiring 2,789 shares, bringing their total to 3,641 exchange-traded fund shares worth $970,000. It’s worth noting that hedge funds and large investors currently own 42.17% of Invesco QQQ.
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As for the stock performance, QQQ rose by 1.8%, reaching $383.48 on a Friday afternoon. The trading volume saw 56,626,061 corporate shares exchanged, exceeding the typical volume of 54,640,746. The 50-day and 200-day moving averages for Invesco QQQ are $363.71 and $334.35, respectively. Over the past year, the stock has been trading between $254.26 and $387.98.
Regarding dividends, the corporation is set to pay quarterly dividends starting from July 31st. Shareholders already received a $0.504 dividend on June 21st, with the ex-dividend day occurring on Tuesday, June 20th. The dividend yields 0.53%, resulting in an annual payout of $2.02.
Invesco QQQ, also known as PowerShares QQQ Trust, Series 1, issues the Nasdaq-100 Index Tracking Stock. The trust relies on Nasdaq-100 Index price and yield performance. Investors can obtain a fair portion of the trust’s securities in beneficial interest units, with each security being equally significant and comprising almost the entirety of the Nasdaq-100 Index.
For those considering investing in Invesco QQQ, it’s essential to heed the analysis of Wall Street’s top research analysts. MarketBeat’s top analysts currently do not recommend Invesco QQQ as one of the five stocks to purchase before the market gains momentum. Instead, they suggest other stocks that have outperformed Invesco QQQ, which is currently rated as a “hold.”
Our Reader’s Queries
What stocks are in Invesco QQQ?
Invesco QQQ’s stock portfolio comprises of companies that are not only the makers of products but also the retailers with the ability to drive the industry forward. The list includes Keurig Dr Pepper Inc., Mondelez International Inc., Monster Beverage Corp., PepsiCo Inc., The Kraft Heinz Co., and Walgreens Boots Alliance Inc. These companies possess the necessary scale and reach to make a significant impact on the market.
Is QQQ a buy or sell?
QQQ has been rated as a Moderate Buy by experts, with 87 buy ratings and 15 hold ratings. There are no sell ratings for QQQ. The average price target for QQQ is $440.81, as per the 12-month price targets issued by 102 Wall Street analysts in the past 3 months.
How much is Invesco QQQ worth?
Discover our latest and greatest charts that showcase all the important details you need to know. From the previous close to the day’s range and 52 week range, our charts provide a comprehensive view of the market. With a bid of 396.95 x 1300 and an ask of 396.81 x 1000, you can easily track the current market trends. Our charts are designed to be easy to read and understand, even for those who are new to investing. Experience the power of our charts today and take your investment game to the next level.
Does Invesco QQQ pay dividends?
The Invesco QQQ Trust Series I (QQQ) boasts a dividend yield of 0.63% and paid out $2.53 per share in the previous year. The last ex-dividend date was on December 27, 2023.