Ascension Capital Advisors Inc. Acquires 2,678 Shares of Invesco QQQ $QQQ

Key Points

• Ascension Capital Advisors increased its stake in Invesco QQQ by 643.8% in the first quarter, buying 2,678 additional shares to bring its total to 3,094 shares worth about $1.786 million.
• Other institutional investors also added to QQQ, and the filing notes that institutional ownership stands at 44.58% of the ETF.
• QQQ recently raised its quarterly dividend to $0.8135 per share from $0.73, while the ETF’s shares were trading around $705.35, slightly below recent short-term averages.

Ascension Capital Advisors Inc. grew its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 643.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,094 shares of the exchange traded fund's stock after buying an additional 2,678 shares during the period. Invesco QQQ makes up approximately 0.6% of Ascension Capital Advisors Inc.'s holdings, making the stock its 19th biggest position. Ascension Capital Advisors Inc.'s holdings in Invesco QQQ were worth $1,786,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in QQQ. Carrera Capital Advisors boosted its position in Invesco QQQ by 99.3% in the fourth quarter. Carrera Capital Advisors now owns 2,316 shares of the exchange traded fund's stock valued at $1,423,000 after buying an additional 1,154 shares in the last quarter. Flatrock Wealth Partners LLC bought a new stake in Invesco QQQ during the 1st quarter worth approximately $924,000. Hegarty Advisors LLC acquired a new position in Invesco QQQ during the 1st quarter worth about $2,212,000. Sovran Advisors LLC lifted its position in Invesco QQQ by 8.0% during the 4th quarter. Sovran Advisors LLC now owns 18,032 shares of the exchange traded fund's stock worth $11,212,000 after buying an additional 1,340 shares in the last quarter. Finally, Corepath Wealth Partners LLC grew its holdings in Invesco QQQ by 19.7% during the 4th quarter. Corepath Wealth Partners LLC now owns 8,723 shares of the exchange traded fund's stock worth $5,471,000 after acquiring an additional 1,436 shares during the last quarter. Institutional investors own 44.58% of the company's stock.

More Invesco QQQ News

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

• Positive Sentiment: Market commentary suggests QQQ can still benefit if upcoming mega-cap tech earnings beat expectations, especially from Alphabet and Tesla, which could lift the ETF given its heavy concentration in large growth stocks. Stock Market Today: Dow Falls As Oil Prices Jump; SMCI Surges With Alphabet, Tesla Earnings Next (Live Coverage)
• Neutral Sentiment: Several pieces frame the current market as one driven by earnings rather than macro headlines, which is relevant for QQQ because its next move will likely depend on whether top holdings can justify their valuations. Earnings, Earnings, Earnings Are What Matter Most
• Neutral Sentiment: Discussion about hyperscalers “making or breaking” the market highlights the ETF’s dependence on a narrow set of tech giants, but does not point to an immediate catalyst by itself. Hyperscalers Can Make/Break This Market
• Neutral Sentiment: ETF commentary notes that earnings growth is broadening beyond the largest names, which could help market breadth over time, but also implies QQQ may lag more diversified or equal-weight strategies if leadership narrows. ETFs for the Next Leg of Earnings Expansion
• Negative Sentiment: One article argues investors chasing AI-chip upside may be better served elsewhere, implying QQQ may be missing some of the strongest semiconductor-led gains and could underperform pure-play chip exposure. Forget QQQ. This Semiconductor Fund Nearly Quintupled Its 2026 Gain

Invesco QQQ Stock Down 0.5%

Shares of NASDAQ QQQ opened at $705.35 on Thursday. The company has a 50-day moving average of $719.91 and a two-hundred day moving average of $655.21. Invesco QQQ has a 1-year low of $551.68 and a 1-year high of $748.65.

Invesco QQQ Increases Dividend

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

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.