Amundi Has $50.58 Million Stake in Invesco QQQ $QQQ

Key Points

• Amundi increased its Invesco QQQ stake by 41.8% in the second quarter, acquiring 20,263 additional shares for a total holding of 68,685 shares valued at approximately $50.58 million.
• Institutional investors and hedge funds own 44.58% of QQQ, with several firms also raising their positions during the first and second quarters.
• QQQ recently traded down 1.1% to $708.69, while its quarterly dividend rose to $0.8135 per share, equivalent to an annualized $3.25 dividend and a 0.5% yield; higher-rate and inflation concerns remain risks for its growth-focused holdings.

Amundi boosted its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 41.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,685 shares of the exchange traded fund's stock after acquiring an additional 20,263 shares during the quarter. Amundi's holdings in Invesco QQQ were worth $50,580,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CAP Partners LLC grew its stake in Invesco QQQ by 3.5% in the first quarter. CAP Partners LLC now owns 444 shares of the exchange traded fund's stock valued at $256,000 after purchasing an additional 15 shares in the last quarter. Durante & Waters LLC lifted its stake in Invesco QQQ by 1.1% in the first quarter. Durante & Waters LLC now owns 1,425 shares of the exchange traded fund's stock valued at $822,000 after acquiring an additional 15 shares during the last quarter. Roxbury Financial LLC lifted its stake in Invesco QQQ by 19.7% in the second quarter. Roxbury Financial LLC now owns 91 shares of the exchange traded fund's stock valued at $67,000 after acquiring an additional 15 shares during the last quarter. GoalVest Advisory LLC grew its position in shares of Invesco QQQ by 0.5% in the 2nd quarter. GoalVest Advisory LLC now owns 3,016 shares of the exchange traded fund's stock valued at $2,221,000 after acquiring an additional 15 shares during the period. Finally, Forty three Eighteen Advisors LLC grew its position in shares of Invesco QQQ by 0.6% in the 1st quarter. Forty three Eighteen Advisors LLC now owns 2,694 shares of the exchange traded fund's stock valued at $1,555,000 after acquiring an additional 16 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Invesco QQQ

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

• Positive Sentiment: TipRanks’ AI Analyst rated QQQ an “Outperform” and identified more than 12% potential upside, supporting the long-term case for the Nasdaq-100 ETF. The analysis also rated the Vanguard S&P 500 ETF and iShares Semiconductor ETF positively. 3 Best ETFs to Buy with 12%+ Upside, According to the AI Analyst
• Positive Sentiment: Accelerating money-supply growth could provide a longer-term liquidity tailwind for risk assets, including technology stocks held by QQQ. Money Supply Growth Accelerated In July To A 59-Month High
• Neutral Sentiment: QQQ remains caught between technical support and resistance, suggesting that traders are waiting for a clearer catalyst before establishing a new direction. Trump’s $5K Free Money Could Be A Market Bonanza
• Negative Sentiment: U.S. equity ETFs, including actively traded QQQ, moved lower after midday as investors reduced exposure to stocks. Exchange-Traded Funds, US Equities Fall After Midday
• Negative Sentiment: Reports that markets are pricing a higher probability of interest-rate increases, alongside persistent inflation concerns, weigh on QQQ’s long-duration growth holdings. Higher bond yields can compress technology-stock valuation multiples. Investors Continue To Brace For Interest Rate Hikes
• Negative Sentiment: Oil prices above $100 raise the risk of renewed inflation, potentially delaying Federal Reserve rate cuts and adding pressure to growth-focused ETFs. Oil Jumps Above $100: What It Means For Inflation and Market Risks

Invesco QQQ Trading Down 1.1%

Shares of NASDAQ:QQQ opened at $708.69 on Friday. Invesco QQQ has a 52-week low of $555.60 and a 52-week high of $748.65. The company has a 50-day simple moving average of $710.52 and a 200 day simple moving average of $678.92.

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

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.

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