Invesco QQQ: Apollon Financial LLC Purchases 1,965 Shares of $QQQ

Key Points

• Apollon Financial increased its Invesco QQQ position by 12.2% in the second quarter, purchasing 1,965 additional shares. Its 18,072 shares were valued at approximately $13.3 million, representing 1.6% of its portfolio.
• QQQ traded near $729.87, close to its 52-week high of $748.65, while its Nasdaq-100 technology exposure has benefited from strong large-cap tech performance. However, valuation, concentration, Federal Reserve uncertainty, and potential economic slowdown remain risks.
• Invesco QQQ raised its quarterly dividend to $0.8135, equivalent to an annualized $3.25 and a 0.4% yield. Institutional investors collectively own 44.58% of the ETF.

Apollon Financial LLC grew its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 12.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,072 shares of the exchange traded fund's stock after buying an additional 1,965 shares during the period. Invesco QQQ accounts for 1.6% of Apollon Financial LLC's investment portfolio, making the stock its 17th largest position. Apollon Financial LLC's holdings in Invesco QQQ were worth $13,309,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. University of Texas Texas AM Investment Management Co. bought a new position in Invesco QQQ in the 4th quarter worth approximately $25,000. Shcp LLC bought a new stake in Invesco QQQ during the 3rd quarter valued at $27,000. Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of Invesco QQQ by 2,150.0% during 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 in the last quarter. Parvin Asset Management LLC purchased a new stake in shares of Invesco QQQ during the first quarter worth $28,000. Finally, Rachor Investment Advisory Services LLC bought a new position in shares of Invesco QQQ in the fourth quarter worth $29,000. Institutional investors own 44.58% of the company's stock.

Key Invesco QQQ News

 

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

• Positive Sentiment: QQQ’s Nasdaq-100 exposure remains supported by strong large-cap technology performance. One analysis says the ETF has gained more than 19% this year and argues that Wall Street may see additional upside, although valuation and concentration risks remain. Invesco QQQ Trust ETF Is Up 19% YTD
• Positive Sentiment: Cooling July consumer inflation was described as favorable for the Federal Reserve, potentially improving the case for lower interest rates. Falling yields generally support growth-oriented technology stocks and QQQ holdings. July CPI: Good News for the Fed
• Positive Sentiment: Several market outlooks remain constructive, citing strong S&P 500 earnings growth, favorable historical patterns, and technical signals that could support continued equity gains. These trends are indirectly supportive of QQQ. S&P 500 Earnings Growth Drives a Bullish Outlier
• Positive Sentiment: Invesco ETFs recorded approximately $373 million in daily inflows on August 14, indicating continued investor demand for the issuer’s products, though the report does not identify how much went specifically into QQQ. ETF League Tables: Invesco Registers Inflows
• Neutral Sentiment: QQQ and QQQM provide similar Nasdaq-100 exposure; QQQM may be more attractive for long-term investors because of its lower expense ratio, while QQQ offers greater trading liquidity. This creates a potential allocation trade-off within Invesco’s lineup. QQQ vs. QQQM
• Negative Sentiment: Markets face greater uncertainty over the Fed’s next move, while a July retail-sales decline raises concerns about a possible economic-growth slowdown. Higher-for-longer rates or weaker growth could pressure QQQ’s richly valued technology holdings. Fed’s Next Rate Move Got More Complicated
• Negative Sentiment: Options-based buffered ETFs are being promoted as alternatives for investors worried that the bull market could break. Their growing appeal highlights downside-protection demand and may limit enthusiasm for an unhedged, growth-heavy fund such as QQQ. Three ETFs Built to Protect Your Money

Invesco QQQ Stock Down 0.2%

 

Invesco QQQ stock opened at $729.87 on Tuesday. Invesco QQQ has a one year low of $555.60 and a one year high of $748.65. The business has a fifty day moving average price of $713.40 and a 200-day moving average price of $665.87.

Invesco QQQ Increases Dividend

 

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 22nd were paid a $0.8135 dividend. The ex-dividend date was Monday, June 22nd. This represents a $3.25 annualized dividend and a yield of 0.4%. This is an increase from Invesco QQQ's previous quarterly dividend of $0.73.

Invesco QQQ Profile

(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.

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