Gerald Baker Financial Group LLC Buys Shares of 26,165 Invesco QQQ $QQQ

Gerald Baker Financial Group LLC bought a new position in Invesco QQQ (NASDAQ:QQQ – Free Report) during the 1st quarter, Holdings Channel.com reports. The fund bought 26,165 shares of the exchange traded fund’s stock, valued at approximately $15,102,000. Invesco QQQ accounts for about 5.1% of Gerald Baker Financial Group LLC’s investment portfolio, making the stock its 4th largest holding.

A number of other large investors have also made changes to their positions in the company. Oder Investment Management LLC increased its position in shares of Invesco QQQ by 3.3% during the 1st quarter. Oder Investment Management LLC now owns 3,434 shares of the exchange traded fund’s stock valued at $1,982,000 after purchasing an additional 109 shares during the last quarter. One Day In July LLC boosted its holdings in shares of Invesco QQQ by 1.0% in the first quarter. One Day In July LLC now owns 5,018 shares of the exchange traded fund’s stock worth $2,896,000 after buying an additional 48 shares during the last quarter. Adaptive Financial Consulting LLC boosted its holdings in shares of Invesco QQQ by 3.6% in the first quarter. Adaptive Financial Consulting LLC now owns 28,632 shares of the exchange traded fund’s stock worth $16,526,000 after buying an additional 983 shares during the last quarter. Frisch Financial Group Inc. boosted its holdings in shares of Invesco QQQ by 0.9% in the first quarter. Frisch Financial Group Inc. now owns 6,988 shares of the exchange traded fund’s stock worth $4,033,000 after buying an additional 61 shares during the last quarter. Finally, Thayer Partners LLC MA grew its position in Invesco QQQ by 1.7% during the first quarter. Thayer Partners LLC MA now owns 23,837 shares of the exchange traded fund’s stock valued at $13,758,000 after buying an additional 391 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Key Invesco QQQ News

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

• Negative Sentiment: Chip stocks fell after TSMC’s spending outlook sparked concerns that the AI buildout may face margin pressure and weaker near-term returns, a headwind for Nasdaq-100 heavyweights like QQQ. Article Title
• Neutral Sentiment: Broader ETF and U.S. equity trading was mixed during the day, suggesting investors were rotating rather than broadly abandoning risk assets. Article Title
• Neutral Sentiment: Several articles highlighted QQQ’s long-term performance versus leveraged or alternative ETFs, but these were mostly commentary pieces and not a direct catalyst for the fund today. Article Title
• Neutral Sentiment: Macro updates on cooler inflation, Fed uncertainty, and geopolitical risks add to the market backdrop, but they are not specific to QQQ and have mixed implications for growth stocks. Article Title

Invesco QQQ Stock Down 1.6%

Shares of QQQ stock opened at $705.94 on Friday. Invesco QQQ has a 12 month low of $551.68 and a 12 month high of $748.65. The company has a 50 day simple moving average of $720.72 and a two-hundred day simple moving average of $652.83.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 22nd were given a dividend of $0.8135 per share. This represents a $3.25 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, June 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.73.

About Invesco QQQ

(Free Report)

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.

Featured Articles

• Five stocks we like better than Invesco QQQ
• Why Abbott Laboratories Stock Is Suddenly Winning Back Wall Street
• Revving Up Returns: Big Banks Race Through the Rate Plateau
• Why Uber’s Biggest Deal Yet Could Unlock Its Next Growth Phase
• Why Microsoft Is Playing a Different AI Game Than Big Tech—and Cash Flow Is the Test

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ – Free Report).