Formulate Financial LLC Takes $11.52 Million Position in Invesco QQQ $QQQ

Formulate Financial LLC bought a new stake in Invesco QQQ (NASDAQ:QQQ) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 19,186 shares of the exchange traded fund’s stock, valued at approximately $11,519,000. Invesco QQQ accounts for approximately 14.3% of Formulate Financial LLC’s portfolio, making the stock its 2nd biggest position.

Other institutional investors and hedge funds have also bought and sold shares of the company. 1832 Asset Management L.P. raised its holdings in Invesco QQQ by 100.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 2,115 shares of the exchange traded fund’s stock worth $1,167,000 after purchasing an additional 40,999,982 shares during the period. Symphony Financial Ltd. Co. purchased a new stake in Invesco QQQ in the second quarter worth about $1,236,482,000. HRT Financial LP raised its stake in shares of Invesco QQQ by 118.3% in the second quarter. HRT Financial LP now owns 3,145,578 shares of the exchange traded fund’s stock worth $1,735,226,000 after buying an additional 1,704,600 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Invesco QQQ by 42.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,895,265 shares of the exchange traded fund’s stock valued at $2,700,424,000 after buying an additional 1,457,109 shares in the last quarter. Finally, Kensington Asset Management LLC grew its stake in shares of Invesco QQQ by 2,124.5% during the 2nd quarter. Kensington Asset Management LLC now owns 366,881 shares of the exchange traded fund’s stock valued at $202,386,000 after acquiring an additional 350,388 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.4%

QQQ opened at $625.46 on Tuesday. The company has a 50 day simple moving average of $616.95 and a two-hundred day simple moving average of $598.80. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $637.01.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were paid a $0.7941 dividend. This represents a $3.18 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, December 22nd. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.69.

Invesco QQQ News Roundup

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

• Positive Sentiment: Investor reaction to an RBC upgrade of Invesco (IVZ) and commentary about a business-mix shift is supporting sentiment for Invesco-managed ETFs, which can lift demand for QQQ as investors favor large-cap growth exposure. Read More.
• Neutral Sentiment: ETF roundups recommending buy-and-hold ETF strategies can boost flows into benchmark funds; coverage that highlights broad ETF allocations may indirectly support QQQ if readers allocate to large-cap tech/growth ETFs. Read More.
• Neutral Sentiment: A corporate press release about Questcorp Mining’s advisory-board appointment is unrelated to the Invesco QQQ ETF and is unlikely to affect QQQ flows or price. Read More.
• Negative Sentiment: Analysis warning of a “defiantly hawkish pause” by the Fed raises the risk that higher-for-longer rates will weigh on high-multiple growth names concentrated in QQQ. Read More.
• Negative Sentiment: Articles flagging tightening liquidity and potential credit-quality issues (so-called “garbage loans”) increase downside risk for risk assets; tighter funding and credit stress are negatives for growth-oriented ETFs like QQQ. Read More. Read More.
• Negative Sentiment: Macro outlook pieces forecasting a flat 2026 or highlighting geopolitical/market risks (e.g., Japan-related vulnerabilities) imply limited upside for broad equity indices and could dampen QQQ performance if those risks materialize. Read More. Read More.

Invesco QQQ Company 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.