Invesco QQQ: Bensler LLC Has $24.10 Million Stake in $QQQ

Key Points

• Bensler LLC increased its Invesco QQQ position by 6% in the second quarter, owning 32,731 shares valued at $24.1 million. Institutional investors and hedge funds collectively own 44.58% of QQQ.
• QQQ was trading at $717.51, within its 52-week range of $555.60 to $748.65, while its quarterly dividend rose to $0.8135 per share, implying a 0.5% annualized yield.
• Although strong Nasdaq-100 performance and ETF inflows support QQQ, rising Treasury yields, uncertainty over Federal Reserve policy, and concerns about AI valuations could pressure its technology-heavy holdings.

Bensler LLC grew its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 6.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,731 shares of the exchange traded fund's stock after buying an additional 1,860 shares during the quarter. Invesco QQQ makes up about 2.1% of Bensler LLC's investment portfolio, making the stock its 16th biggest position. Bensler LLC's holdings in Invesco QQQ were worth $24,103,000 at the end of the most recent reporting period.

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

Invesco QQQ News Summary

 

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

• Positive Sentiment: QQQ remains supported by strong year-to-date performance, with the Nasdaq-100’s gains suggesting that Wall Street still sees potential for additional upside despite recent volatility. Invesco QQQ Trust ETF Is Up 19% YTD
• Positive Sentiment: Invesco recorded substantial ETF inflows, indicating continued investor demand for its products and potentially reinforcing confidence in the broader Invesco platform. ETF League Tables: Invesco Registers Inflows
• Neutral Sentiment: QQQ and QQQM provide similar Nasdaq-100 exposure; comparisons emphasize QQQ’s liquidity and trading advantages, while QQQM may appeal more to long-term investors seeking lower costs. QQQ vs. QQQM
• Negative Sentiment: Market commentary warned that rising Treasury yields and a more complicated Fed outlook could pressure growth-stock valuations by increasing the discount rate applied to future earnings. Fed’s Next Rate Move Just Got More Complicated
• Negative Sentiment: Concerns over excessive AI spending, possible bubble conditions, elevated investor leverage, and weakening consumer sentiment increased the risk of a pullback in QQQ’s heavily weighted technology holdings. Macro Insights: AI Capex and Rising Yields

Invesco QQQ Trading Down 1.7%

 

NASDAQ:QQQ opened at $717.51 on Wednesday. Invesco QQQ has a 52-week low of $555.60 and a 52-week high of $748.65. The stock has a 50-day simple moving average of $713.60 and a 200 day simple moving average of $666.46.

Invesco QQQ Increases Dividend

 

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 22nd were issued a dividend of $0.8135 per share. This is an increase from Invesco QQQ's previous quarterly dividend of $0.73. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $3.25 annualized dividend and a dividend yield of 0.5%.

Invesco QQQ Profile

(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.

 

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).

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