Alaska Permanent Fund Corp Invests $207.07 Million in Invesco QQQ $QQQ

Key Points

• Alaska Permanent Fund Corp. acquired 281,196 shares of Invesco QQQ in the second quarter, valued at approximately $207.1 million. QQQ now represents about 13.7% of the fund’s portfolio and is its second-largest holding.
• Other institutions also increased their QQQ positions, including Bank of America and Corient Private Wealth; institutional investors collectively own 44.58% of the ETF.
• QQQ benefits from Nasdaq-100 strength and optimism around technology earnings, but potential rate hikes, rising Treasury yields, and concerns over AI-related profit margins pose risks to its growth-focused holdings.

Alaska Permanent Fund Corp acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 281,196 shares of the exchange traded fund's stock, valued at approximately $207,072,000. Invesco QQQ comprises about 13.7% of Alaska Permanent Fund Corp's portfolio, making the stock its 2nd largest position.

A number of other institutional investors have also made changes to their positions in QQQ. Bank of America Corp DE grew its stake in Invesco QQQ by 381.0% during the fourth quarter. Bank of America Corp DE now owns 19,547,552 shares of the exchange traded fund's stock worth $12,008,257,000 after buying an additional 26,505,055 shares in the last quarter. Corient Private Wealth LLC raised its position in shares of Invesco QQQ by 3,567.7% in the 4th quarter. Corient Private Wealth LLC now owns 21,436,917 shares of the exchange traded fund's stock valued at $13,168,912,000 after buying an additional 20,852,432 shares in the last quarter. Delta Global Management LP bought a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $821,084,000. Align Financial LLC bought a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $78,118,000. Finally, Bank of Montreal Can boosted its position in shares of Invesco QQQ by 142.4% during the 4th quarter. Bank of Montreal Can now owns 1,431,050 shares of the exchange traded fund's stock worth $877,406,000 after acquiring an additional 840,803 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Trending Headlines about Invesco QQQ

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

Shares of QQQ stock opened at $718.96 on Monday. Invesco QQQ has a fifty-two week low of $555.60 and a fifty-two week high of $748.65. The stock's fifty day moving average price is $711.26 and its two-hundred day moving average price is $675.80.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 22nd were issued a dividend of $0.8135 per share. This represents a $3.25 annualized dividend and a dividend yield of 0.5%. This is an increase from Invesco QQQ's previous quarterly dividend of $0.73. The ex-dividend date was Monday, June 22nd.

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.

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