Ashton Thomas Private Wealth LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 13.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,330 shares of the exchange traded fund's stock after buying an additional 5,112 shares during the quarter. Invesco QQQ makes up 0.7% of Ashton Thomas Private Wealth LLC's portfolio, making the stock its 27th largest position. Ashton Thomas Private Wealth LLC's holdings in Invesco QQQ were worth $32,594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also added to or reduced their stakes in the company. FAS Wealth Partners Inc. increased its position in Invesco QQQ by 3.3% during the 2nd quarter. FAS Wealth Partners Inc. now owns 5,251 shares of the exchange traded fund's stock valued at $3,867,000 after purchasing an additional 167 shares during the period. Gerber LLC raised its position in shares of Invesco QQQ by 0.5% in the 2nd quarter. Gerber LLC now owns 25,197 shares of the exchange traded fund's stock worth $18,555,000 after acquiring an additional 136 shares in the last quarter. Industrial Alliance Investment Management Inc. lifted its stake in shares of Invesco QQQ by 4.3% during the 2nd quarter. Industrial Alliance Investment Management Inc. now owns 209,967 shares of the exchange traded fund's stock worth $154,620,000 after purchasing an additional 8,696 shares during the last quarter. Gilliland Jeter Wealth Management LLC lifted its stake in shares of Invesco QQQ by 4.7% during the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 4,528 shares of the exchange traded fund's stock worth $3,334,000 after purchasing an additional 204 shares during the last quarter. Finally, Compagnie Lombard Odier SCmA purchased a new stake in shares of Invesco QQQ during the 2nd quarter worth $636,000. 44.58% of the stock is currently owned by institutional investors.
Invesco QQQ Trading Down 1.0%
QQQ opened at $706.32 on Tuesday. The business's 50-day moving average is $713.01 and its two-hundred day moving average is $668.95. 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:
- Neutral Sentiment: Broad-market ETFs and U.S. equities were mixed to lower, suggesting a cautious trading environment rather than a QQQ-specific catalyst. Exchange-Traded Funds Fall, US Equities Mixed After Midday
- Neutral Sentiment: Technical traders are monitoring key support and resistance levels for QQQ and its largest holdings, including Apple, Microsoft, Nvidia, Alphabet, Meta Platforms and Tesla; this may contribute to short-term volatility. How To Trade SPY, QQQ And 6 Mega Caps
- Negative Sentiment: QQQ reportedly experienced outflows while S&P 500 ETFs attracted approximately $6.4 billion in a single day. The flow divergence points to possible investor rotation away from Nasdaq-100 growth exposure and toward broader-market funds. Quick Spark: $6.4 Billion Pours Into S&P 500 ETFs as QQQ Sees Outflows
- Negative Sentiment: A decline in major Nasdaq-100 components weighed on QQQ, whose performance is heavily concentrated in mega-cap technology companies. QQQ ETF Is Down Today
- Negative Sentiment: Investors are also assessing debt-market concerns, potential credit stress and upcoming volatility tied to Nvidia’s earnings and the Jackson Hole policy meeting. These risks can pressure high-valuation growth ETFs such as QQQ. Market Volatility Risk: Nvidia Earnings and Jackson Hole Next Week
Invesco QQQ Company Profile
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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.
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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).
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