5,030 Shares in Invesco QQQ $QQQ Acquired by Kirkwood Financial Services

Key Points

• Kirkwood Financial Services acquired 5,030 shares of Invesco QQQ during the second quarter, worth approximately $3.67 million. QQQ now represents 1% of the firm’s portfolio and is its 14th-largest holding.
• Institutional investors own 44.58% of QQQ, with several hedge funds and wealth managers recently initiating or increasing positions.
• QQQ recently raised its quarterly dividend to $0.8135 per share, while its performance remains supported by Nasdaq-100 strength but faces risks from higher interest rates, rising Treasury yields, and pressure on AI-related profit margins.

Kirkwood Financial Services acquired a new position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 5,030 shares of the exchange traded fund's stock, valued at approximately $3,671,000. Invesco QQQ accounts for 1.0% of Kirkwood Financial Services' investment portfolio, making the stock its 14th biggest position.

Other hedge funds have also made changes to their positions in the company. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Invesco QQQ during the fourth quarter valued at $25,000. Shcp LLC purchased a new stake in Invesco QQQ in the third quarter worth about $27,000. Annis Gardner Whiting Capital Advisors LLC lifted its stake in Invesco QQQ by 2,150.0% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund's stock worth $28,000 after acquiring an additional 43 shares during the period. Parvin Asset Management LLC bought a new position in Invesco QQQ during the 1st quarter worth about $28,000. Finally, High Point Wealth Management LLC grew its holdings in Invesco QQQ by 68.0% during the 2nd quarter. High Point Wealth Management LLC now owns 42 shares of the exchange traded fund's stock worth $31,000 after acquiring an additional 17 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

More Invesco QQQ News

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

• Positive Sentiment: QQQ benefited from relative strength in the Nasdaq-100, while investor sentiment toward QQQ turned bullish ahead of the latest labor-market data. QQQ ETF edges higher as Nasdaq-100 outperforms
• Positive Sentiment: The August jobs report reportedly exceeded expectations, easing immediate concerns about a weakening labor market and supporting the “soft landing” or “Goldilocks” case for equities. That backdrop can help growth-focused technology stocks held by QQQ. Exchange-Traded Funds Higher, Equity Futures Mixed Pre-Bell Friday After August Jobs Report Tops Estimates
• Positive Sentiment: Analysts highlighted broad second-quarter earnings strength and a possible new capital-formation cycle, both of which could support continued demand for large-cap technology and artificial-intelligence companies represented in the Nasdaq-100. Second Quarter Earnings Show Breadth
• Neutral Sentiment: Trading was mixed across major ETFs, with some broad-market funds advancing and others declining. This suggests QQQ’s gains were driven more by Nasdaq-100 leadership than by a uniformly strong market. Exchange-Traded Funds Mixed, US Equities Lower After Midday
• Negative Sentiment: Investors are also weighing the possibility that resilient hiring and a separate report describing hot August inflation could delay rate cuts or even prompt a Federal Reserve hike. Higher interest rates generally pressure the long-duration growth stocks that dominate QQQ. Why The Fed Might Hike Rates After A Red-Hot August Inflation Report
• Negative Sentiment: Concerns that rising long-term Treasury yields could reflect inflation, fiscal pressure, or other structural risks create an additional valuation headwind for QQQ. Benign Or Malign? Reasons For The Rise In Long-Term U.S. Interest Rates
• Negative Sentiment: Profit-margin concerns surrounding the artificial-intelligence boom could weigh on several major QQQ holdings if heavy infrastructure spending fails to generate sufficient returns. The AI Boom Is Eating Its Own Margins

Invesco QQQ Price Performance

NASDAQ QQQ opened at $718.96 on Monday. Invesco QQQ has a one year low of $555.60 and a one year high of $748.65. The company's 50-day simple moving average is $711.26 and its two-hundred day simple moving average is $675.80.

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 paid a dividend of $0.8135 per share. This is a boost from Invesco QQQ's previous quarterly dividend of $0.73. This represents a $3.25 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, June 22nd.

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.

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