Atlatl Advisers LLC Buys 73,653 Shares of Invesco QQQ $QQQ

Key Points

• Atlatl Advisers dramatically increased its QQQ stake by purchasing 73,653 shares in the second quarter, bringing its holdings to 74,258 shares valued at approximately $54.7 million. QQQ now represents about 13% of the firm’s portfolio.
• QQQ opened at $731.07, near its 52-week high of $748.65, with its 50-day and 200-day moving averages at $713.13 and $665.17, respectively. The ETF also raised its quarterly dividend to $0.8135 per share, equating to an annualized yield of about 0.4%.
• Market sentiment remains mixed: cooling inflation and lower rate-hike expectations support QQQ’s growth-oriented holdings, while elevated technology valuations, credit-market concerns, geopolitical risks and bearish bets from Michael Burry could contribute to volatility.

Atlatl Advisers LLC lifted its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 12,174.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 74,258 shares of the exchange traded fund's stock after purchasing an additional 73,653 shares during the quarter. Invesco QQQ comprises about 13.0% of Atlatl Advisers LLC's portfolio, making the stock its largest holding. Atlatl Advisers LLC's holdings in Invesco QQQ were worth $54,684,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of QQQ. Chris Bulman Inc grew its position in Invesco QQQ by 11.6% during the 2nd quarter. Chris Bulman Inc now owns 25,466 shares of the exchange traded fund's stock worth $18,754,000 after purchasing an additional 2,642 shares during the last quarter. Orca Wealth Management LLC acquired a new position in Invesco QQQ during the 2nd quarter valued at approximately $209,000. Heritage Wealth Management Inc. CA raised its holdings in shares of Invesco QQQ by 2.4% in the second quarter. Heritage Wealth Management Inc. CA now owns 2,299 shares of the exchange traded fund's stock worth $1,693,000 after buying an additional 53 shares during the last quarter. Owen LaRue LLC raised its holdings in shares of Invesco QQQ by 3.6% in the second quarter. Owen LaRue LLC now owns 24,263 shares of the exchange traded fund's stock worth $17,867,000 after buying an additional 847 shares during the last quarter. Finally, Capital Planning LLC lifted its stake in shares of Invesco QQQ by 14.8% during the second quarter. Capital Planning LLC now owns 4,094 shares of the exchange traded fund's stock worth $3,019,000 after buying an additional 529 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ News Roundup

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

• Positive Sentiment: Cooling inflation and weaker labor-market data have reduced expectations for additional Federal Reserve rate hikes. Lower-rate expectations generally support QQQ’s technology and other growth-oriented holdings by improving the outlook for future earnings valuations. However, geopolitical risks around the Strait of Hormuz could keep oil prices and inflation volatile. Cooling Inflation Likely to Aid These ETF Areas
• Positive Sentiment: Exchange-traded funds were broadly higher before Friday’s opening, with investors awaiting retail-sales data. A constructive broader-market tone provided some support for QQQ, although mixed equity futures limited the follow-through. Exchange-Traded Funds Higher, Equity Futures Mixed Pre-Bell Friday Amid Retail Sales Data
• Positive Sentiment: Potential large technology IPOs, including Anthropic, could add another high-profile growth company to the Nasdaq ecosystem and potentially reinforce investor interest in technology-focused funds. Any direct benefit to QQQ would depend on the company’s eventual listing and index eligibility. Millions of 401(k) Holders Could Be Forced to Buy Anthropic Stock
• Neutral Sentiment: Investor sentiment is mixed: cooling inflation supports equities, but a historically elevated CAPE ratio and concerns about credit-market stress suggest that QQQ’s strong rally has left it vulnerable to volatility and profit-taking. What An All-Time High CAPE Ratio Implies for Investors
• Negative Sentiment: Investor Michael Burry has increased his bearish position against the QQQ ETF despite losses. The trade does not change the fund’s holdings, but it highlights skepticism about elevated technology valuations and may weigh on sentiment. Michael Burry Ramped Up His Bets Against Micron and the QQQ ETF

Invesco QQQ Price Performance

Shares of QQQ opened at $731.07 on Monday. Invesco QQQ has a 1-year low of $555.60 and a 1-year high of $748.65. The company's fifty day moving average price is $713.13 and its 200-day moving average price is $665.17.

Invesco QQQ Increases Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $3.25 dividend on an annualized basis and a yield of 0.4%. This is an increase from Invesco QQQ's previous quarterly dividend of $0.73.

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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