Pure Financial Advisors LLC Purchases 1,763 Shares of Invesco QQQ $QQQ

Pure Financial Advisors LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 10.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 19,344 shares of the exchange traded fund’s stock after purchasing an additional 1,763 shares during the quarter. Pure Financial Advisors LLC’s holdings in Invesco QQQ were worth $11,883,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in QQQ. Carrera Capital Advisors raised its holdings in Invesco QQQ by 99.3% in the 4th quarter. Carrera Capital Advisors now owns 2,316 shares of the exchange traded fund’s stock valued at $1,423,000 after acquiring an additional 1,154 shares in the last quarter. Sovran Advisors LLC grew its holdings in shares of Invesco QQQ by 8.0% during the 4th quarter. Sovran Advisors LLC now owns 18,032 shares of the exchange traded fund’s stock worth $11,212,000 after purchasing an additional 1,340 shares in the last quarter. Corepath Wealth Partners LLC increased its position in shares of Invesco QQQ by 19.7% in the fourth quarter. Corepath Wealth Partners LLC now owns 8,723 shares of the exchange traded fund’s stock worth $5,471,000 after purchasing an additional 1,436 shares during the period. Cane Capital Partners LLC bought a new position in shares of Invesco QQQ in the fourth quarter worth $715,000. Finally, Coyle Financial Counsel LLC raised its stake in Invesco QQQ by 4.9% in the third quarter. Coyle Financial Counsel LLC now owns 43,458 shares of the exchange traded fund’s stock valued at $26,091,000 after purchasing an additional 2,035 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

QQQ stock opened at $740.62 on Friday. Invesco QQQ has a 52 week low of $523.65 and a 52 week high of $748.65. The business has a 50-day simple moving average of $695.40 and a 200 day simple moving average of $639.48.

Invesco QQQ Increases Dividend

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

Key Stories 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.