Barnes Pettey Financial Advisors LLC Purchases 5,279 Shares of Invesco QQQ $QQQ

Barnes Pettey Financial Advisors LLC raised its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 163.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,511 shares of the exchange traded fund's stock after acquiring an additional 5,279 shares during the period. Invesco QQQ makes up approximately 2.0% of Barnes Pettey Financial Advisors LLC's holdings, making the stock its 11th biggest holding. Barnes Pettey Financial Advisors LLC's holdings in Invesco QQQ were worth $6,267,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of QQQ. Brighton Jones LLC raised its position in shares of Invesco QQQ by 15.0% during the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock valued at $19,605,000 after buying an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of Invesco QQQ by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock valued at $2,687,000 after purchasing an additional 176 shares during the last quarter. Jupiter Wealth Management LLC bought a new stake in shares of Invesco QQQ in the 2nd quarter valued at approximately $290,000. Wealth Group Ltd. boosted its holdings in shares of Invesco QQQ by 283.7% in the 2nd quarter. Wealth Group Ltd. now owns 24,629 shares of the exchange traded fund's stock worth $13,587,000 after purchasing an additional 18,210 shares during the period. Finally, Invesco Ltd. increased its position in shares of Invesco QQQ by 1,057.3% during the 2nd quarter. Invesco Ltd. now owns 33,063 shares of the exchange traded fund's stock valued at $18,239,000 after purchasing an additional 30,206 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Trending Headlines about Invesco QQQ

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 Stock Performance

NASDAQ:QQQ opened at $706.32 on Tuesday. The stock's fifty day moving average is $713.01 and its 200 day moving average is $668.95. Invesco QQQ has a fifty-two week low of $555.60 and a fifty-two week 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 dividend of $0.8135 per share. This represents a $3.25 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, June 22nd. This is a positive change from Invesco QQQ's previous quarterly dividend of $0.73.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source