Invesco QQQ: Almanack Investment Partners LLC. Increases Stock Holdings in $QQQ

Key Points

• Almanack Investment Partners increased its Invesco QQQ position by 531% in the second quarter, ending with 3,742 shares valued at approximately $2.76 million. Institutional investors collectively own 44.58% of QQQ.
• QQQ opened at $711.37, with its 50-day and 200-day moving averages at $712.40 and $670.49, respectively; its 52-week range is $555.60 to $748.65.
• Invesco QQQ raised its quarterly dividend to $0.8135 from $0.73, equivalent to $3.25 annually and a 0.5% yield. Technology and AI optimism support the fund, though inflation risks, valuation concerns and market volatility remain potential headwinds.

Almanack Investment Partners LLC. increased its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 531.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,742 shares of the exchange traded fund's stock after acquiring an additional 3,149 shares during the quarter. Almanack Investment Partners LLC.'s holdings in Invesco QQQ were worth $2,756,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Bravias Capital Group LLC raised its holdings in shares of Invesco QQQ by 0.5% in the 2nd quarter. Bravias Capital Group LLC now owns 3,122 shares of the exchange traded fund's stock valued at $2,299,000 after acquiring an additional 17 shares in the last quarter. XP Advisory US Inc. purchased a new position in Invesco QQQ in the 2nd quarter worth approximately $43,458,000. Kaizen Financial Strategies grew its stake in Invesco QQQ by 48.8% in the 2nd quarter. Kaizen Financial Strategies now owns 6,065 shares of the exchange traded fund's stock worth $4,398,000 after buying an additional 1,989 shares in the last quarter. Bigelow Investment Advisors LLC bought a new position in shares of Invesco QQQ in the 2nd quarter worth $202,000. Finally, Next Level Wealth Planning LLC increased its holdings in shares of Invesco QQQ by 9.1% in the 2nd quarter. Next Level Wealth Planning LLC now owns 637 shares of the exchange traded fund's stock worth $469,000 after buying an additional 53 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

 

Invesco QQQ stock opened at $711.37 on Thursday. The firm's fifty day moving average price is $712.40 and its 200-day moving average price is $670.49. Invesco QQQ has a fifty-two week low of $555.60 and a fifty-two week high of $748.65.

Invesco QQQ Increases Dividend

 

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 22nd were paid a $0.8135 dividend. 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 yield of 0.5%. The ex-dividend date of this dividend was Monday, June 22nd.

More Invesco QQQ News

 

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

• Positive Sentiment: Technology stocks benefited early in the session as chip shares recovered and equity futures moved higher. Because QQQ is heavily weighted toward large-cap technology companies, improved semiconductor sentiment and expectations surrounding upcoming Nvidia results provided support. Exchange-Traded Funds, Equity Futures Higher Pre-Bell Tuesday as Chip Stocks Recover
• Positive Sentiment: Investor interest in AI infrastructure remains a tailwind for QQQ’s underlying holdings. A newly launched “neocloud” ETF highlights strong demand for companies supplying AI computing capacity, while QQQ provides indirect exposure through major technology companies that purchase and use that infrastructure. Wall Street Just Invented the Neocloud ETF
• Neutral Sentiment: QQQ’s short-interest data showed no meaningful short position, indicating that short covering is unlikely to be a material driver of the fund’s recent move.
• Neutral Sentiment: Technical analysis identifies substantial support near 700, which could help limit downside, but also notes that QQQ remains in a negative-gamma regime that may amplify volatility around key levels. QQQ is Still in a Negative Gamma Regime
• Negative Sentiment: Broad-market ETFs declined after midday, suggesting that profit-taking and macroeconomic caution overshadowed the earlier technology rebound. Exchange-Traded Funds Fall as US Equities Decline After Midday
• Negative Sentiment: Investors are awaiting inflation data, including the PCE price index. A hotter-than-expected reading could push interest rates higher, pressure high-growth technology valuations, and weigh on QQQ. Concerns about elevated government debt and concentrated earnings growth add to the risk backdrop.

About Invesco QQQ

(Free Report)

 

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.

 

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source