Axiom Investment Management LLC Purchases New Holdings in Invesco QQQ $QQQ

Key Points

• Axiom Investment Management acquired 2,757 shares of Invesco QQQ in the first quarter, valued at approximately $1.59 million and representing 1.2% of its portfolio.
• Institutional investors own 44.58% of QQQ. The ETF recently increased its quarterly dividend to $0.8135 per share, equivalent to a 0.5% annualized yield.
• QQQ has benefited from renewed demand for large-cap technology and strong Microsoft earnings, but elevated inflation, interest-rate uncertainty, AI valuation concerns and broader geopolitical risks remain potential headwinds.

Axiom Investment Management LLC acquired a new position in Invesco QQQ (NASDAQ:QQQ - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,757 shares of the exchange traded fund's stock, valued at approximately $1,592,000. Invesco QQQ comprises about 1.2% of Axiom Investment Management LLC's investment portfolio, making the stock its 21st largest position.

Several other large investors have also recently made changes to their positions in the business. University of Texas Texas AM Investment Management Co. purchased a new stake in Invesco QQQ during the fourth quarter valued at about $25,000. Shcp LLC purchased a new position in shares of Invesco QQQ in the third quarter worth about $27,000. Annis Gardner Whiting Capital Advisors LLC raised its position in shares of Invesco QQQ by 2,150.0% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund's stock valued at $28,000 after purchasing an additional 43 shares during the period. Parvin Asset Management LLC purchased a new stake in shares of Invesco QQQ during the 1st quarter valued at approximately $28,000. Finally, Rachor Investment Advisory Services LLC purchased a new stake in shares of Invesco QQQ during the 4th quarter valued at approximately $29,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.6%

QQQ opened at $687.99 on Friday. Invesco QQQ has a 12 month low of $551.68 and a 12 month high of $748.65. The company has a 50 day moving average of $715.63 and a 200 day moving average of $657.90.

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 given a dividend of $0.8135 per share. This is an increase from Invesco QQQ's previous quarterly dividend of $0.73. This represents a $3.25 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, June 22nd.

Key Stories Impacting Invesco QQQ

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

• Positive Sentiment: QQQ tracking the Nasdaq-100 rebounded sharply after its recent losing streak, reflecting renewed buying in large-cap technology stocks. QQQ ETF tracking Nasdaq-100 bounces sharply
• Positive Sentiment: Microsoft reported better-than-expected results, including strong Azure cloud and Copilot growth, reinforcing investor confidence in AI infrastructure spending and supporting QQQ’s technology-heavy holdings. Microsoft's Earnings Beat: A Ripple Effect Across ETF Landscape
• Positive Sentiment: Optimism among individual investors improved, while resilient consumer spending and underlying economic growth provided support for risk assets despite a weak headline GDP reading. AAII Sentiment Survey: Optimism Bounces Back
• Neutral Sentiment: The Federal Reserve held interest rates steady, but three dissents and uncertainty around future policy left investors focused on whether rate cuts can occur while inflation remains elevated. Fed Holds Rates Steady As 3 FOMC Members Dissent
• Negative Sentiment: Core PCE inflation remained high at 3.3% in June, potentially limiting the Fed’s ability to ease policy and keeping pressure on long-duration growth stocks such as those held by QQQ. PCE Data for June
• Negative Sentiment: Analysts questioned whether enthusiasm for AI-related stocks is fading, while a recent correction in the Nasdaq-100 and weakness in Asian technology markets highlighted valuation and concentration risks. AI Narrative Fading
• Negative Sentiment: Tariff uncertainty, the Iran conflict and rising Treasury yields add macroeconomic risks that could weigh on QQQ’s high-growth holdings. SCOTUS Tariff Ruling And Iran War

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.

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