Ascent Wealth Partners LLC Has $73.75 Million Position in Invesco QQQ $QQQ

Key Points

• Ascent Wealth Partners increased its QQQ stake by 3.8% in the second quarter to 100,147 shares valued at approximately $73.75 million, making the ETF 7.4% of its portfolio and its second-largest holding.
• Institutional investors own 44.58% of QQQ, while shares recently traded at $716.43—below the $748.65 one-year high but above the 50-day and 200-day moving averages.
• QQQ raised its quarterly dividend to $0.8135, equivalent to an annualized $3.25 payout and a 0.5% yield; AI-related growth remains supportive, though inflation and higher-for-longer interest rates pose risks.

Ascent Wealth Partners LLC lifted its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 100,147 shares of the exchange traded fund's stock after purchasing an additional 3,654 shares during the period. Invesco QQQ comprises 7.4% of Ascent Wealth Partners LLC's holdings, making the stock its 2nd biggest position. Ascent Wealth Partners LLC's holdings in Invesco QQQ were worth $73,749,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. University of Texas Texas AM Investment Management Co. bought a new stake in Invesco QQQ during the 4th quarter valued at $25,000. High Point Wealth Management LLC raised its position in shares of Invesco QQQ by 68.0% in the 2nd quarter. High Point Wealth Management LLC now owns 42 shares of the exchange traded fund's stock worth $31,000 after acquiring an additional 17 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its stake in shares of Invesco QQQ by 2,150.0% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund's stock worth $28,000 after purchasing an additional 43 shares during the last quarter. Shcp LLC purchased a new stake in shares of Invesco QQQ during the 3rd quarter worth $27,000. Finally, Parvin Asset Management LLC bought a new stake in Invesco QQQ during the first quarter valued at about $28,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Down 0.6%

Shares of QQQ stock opened at $716.43 on Friday. The stock's 50-day moving average is $711.53 and its 200 day moving average is $671.59. Invesco QQQ has a 1-year low of $555.60 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. Stockholders of record on Monday, June 22nd were issued a $0.8135 dividend. The ex-dividend date was Monday, June 22nd. This represents a $3.25 dividend on an annualized basis and a dividend yield of 0.5%. This is an increase from Invesco QQQ's previous quarterly dividend of $0.73.

Invesco QQQ News Summary

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

• Positive Sentiment: Nvidia’s robust results support QQQ: Strong results from Nvidia helped lift the Nasdaq-100 and S&P 500, reinforcing investor confidence in AI-related growth stocks that represent a significant portion of QQQ. Nvidia's Robust Results Power Nasdaq, S&P 500 Index
• Positive Sentiment: AI productivity optimism remains a tailwind: Commentary that artificial intelligence could improve productivity and is helping support the U.S. economy favors QQQ’s large technology and semiconductor holdings. I'm Still Betting On AI Productivity
• Positive Sentiment: QQQ was highlighted as an investment idea: Zacks featured QQQ alongside Nvidia and several AI, data-center and cryptocurrency-related companies, keeping attention focused on the ETF’s growth-oriented exposure. Zacks Investment Ideas feature highlights
• Neutral Sentiment: Technical conditions remain constructive but selective: An analysis of SPY and QQQ described market conditions as stable enough for selective leverage, while emphasizing disciplined entry and exit rules. This supports sentiment but is not a direct fundamental catalyst. SPY And QQQ: Stable Still Supports Selective Leverage
• Negative Sentiment: Broad-market weakness is pressuring the ETF: Exchange-traded funds and U.S. equities were mixed to lower in afternoon trading, indicating that the broader risk-off tone is weighing on QQQ despite its technology exposure. Exchange-Traded Funds Fall, US Equities Mixed After Midday
• Negative Sentiment: Inflation and Federal Reserve uncertainty remain risks: Core PCE inflation held at 3.3% in July, while commentary warned that stalled disinflation leaves the Fed with less room for error. Higher-for-longer rates could weigh disproportionately on QQQ’s high-growth constituents. Core PCE Inflation At 3.3% In July

About Invesco QQQ

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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