TD Waterhouse Canada Inc. Has $67.03 Million Stock Position in Invesco QQQ $QQQ

TD Waterhouse Canada Inc. lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 3.2% in the second quarter, HoldingsChannel reports. The institutional investor owned 92,412 shares of the exchange traded fund’s stock after buying an additional 2,876 shares during the period. TD Waterhouse Canada Inc.’s holdings in Invesco QQQ were worth $67,029,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of QQQ. Global Assets Advisory LLC grew its stake in Invesco QQQ by 0.6% in the second quarter. Global Assets Advisory LLC now owns 10,316 shares of the exchange traded fund’s stock valued at $7,503,000 after purchasing an additional 66 shares in the last quarter. Directional Asset Management bought a new stake in Invesco QQQ in the 2nd quarter valued at $409,000. Fairlight Advisors acquired a new stake in shares of Invesco QQQ during the 2nd quarter worth about $375,000. Fortune Financial Group Inc. lifted its position in Invesco QQQ by 484.5% during the second quarter. Fortune Financial Group Inc. now owns 10,942 shares of the exchange traded fund’s stock worth $8,058,000 after acquiring an additional 9,070 shares during the last quarter. Finally, Watchman Group Inc. bought a new stake in Invesco QQQ in the 2nd quarter valued at $212,000. 44.58% of the stock is currently owned by institutional investors.

Trending Headlines about Invesco QQQ

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

• Positive Sentiment: U.S. equities and exchange-traded funds advanced after midday, providing a favorable backdrop for QQQ’s Nasdaq-100 holdings. Exchange-Traded Funds Rise as US Equities Advance After Midday
• Positive Sentiment: An analysis describing a relatively inexpensive way to own artificial-intelligence exposure may reinforce demand for established technology companies represented heavily in QQQ. The Boring Way To Own AI Is Now The Cheap Way
• Positive Sentiment: Technical market commentary identified key support and resistance levels for QQQ and major holdings including Apple, Microsoft, Nvidia, Alphabet, Meta and Tesla, potentially encouraging dip-buying if support holds. How To Trade SPY, QQQ And 6 Mega Caps
• Neutral Sentiment: Market coverage said stocks were attempting to rebound while yields moved higher, leaving QQQ caught between improving risk appetite and pressure from higher borrowing costs. Markets Try To Bounce Back As Yields Head Higher
• Neutral Sentiment: Debate over Treasury policy, inflation, monetary support and U.S. market leadership is adding uncertainty to the interest-rate outlook, an important driver of growth-stock valuations. War, Inflation, And The Battle For Market Leadership
• Negative Sentiment: Credit-market risks may be underappreciated by AI-focused stocks, raising concerns about concentrated valuations and potential volatility among QQQ’s technology holdings. AI Stocks May Be Ignoring A Growing Risk Seen In Credit Markets
• Negative Sentiment: A hawkish interpretation of Federal Reserve minutes and the recent bond selloff could keep interest rates elevated, which generally weighs on high-growth technology stocks. Fed Minutes Lean Hawkish, But We Don’t Expect A Hike

Invesco QQQ Price Performance

NASDAQ QQQ opened at $713.44 on Friday. Invesco QQQ has a 12-month low of $555.60 and a 12-month high of $748.65. The firm has a 50-day moving average price of $713.76 and a two-hundred day moving average price of $668.02.

Invesco QQQ Increases Dividend

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

About Invesco QQQ

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.