Invesco QQQ: Better Way Financial LLC Buys Shares of 42,491 of $QQQ

Key Points

• Better Way Financial LLC initiated a position of 42,491 Invesco QQQ shares worth approximately $31.3 million, making QQQ its second-largest holding at about 26.5% of its portfolio.
• Institutional interest remains significant, with hedge funds and other institutional investors owning 44.58% of QQQ; several firms increased stakes or opened new positions during the first and second quarters.
• QQQ traded near $729.87, close to its 12-month high, while its quarterly dividend rose to $0.8135, equivalent to a $3.25 annualized payout and a 0.4% yield. Growth prospects are supported by strong technology performance, but valuation, concentration, and interest-rate risks remain.

Better Way Financial LLC bought a new position in Invesco QQQ (NASDAQ:QQQ - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 42,491 shares of the exchange traded fund's stock, valued at approximately $31,291,000. Invesco QQQ makes up approximately 26.5% of Better Way Financial LLC's investment portfolio, making the stock its 2nd biggest position.

Other hedge funds have also modified their holdings of the company. Carrera Capital Advisors raised its stake in shares of Invesco QQQ by 99.3% during the 4th quarter. Carrera Capital Advisors now owns 2,316 shares of the exchange traded fund's stock valued at $1,423,000 after buying an additional 1,154 shares during the last quarter. Flatrock Wealth Partners LLC acquired a new position in shares of Invesco QQQ in the 1st quarter valued at about $924,000. Hegarty Advisors LLC purchased a new stake in shares of Invesco QQQ in the first quarter worth about $2,212,000. Ascension Capital Advisors Inc. boosted its stake in shares of Invesco QQQ by 643.8% in the first quarter. Ascension Capital Advisors Inc. now owns 3,094 shares of the exchange traded fund's stock worth $1,786,000 after buying an additional 2,678 shares during the last quarter. Finally, Asset Allocation Strategies LLC acquired a new stake in Invesco QQQ during the first quarter worth about $18,142,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 0.2%

 

Shares of QQQ stock opened at $729.87 on Tuesday. The stock has a 50 day moving average of $713.40 and a 200 day moving average of $665.87. Invesco QQQ has a twelve month low of $555.60 and a twelve month high of $748.65.

Invesco QQQ Increases Dividend

 

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 22nd were given a $0.8135 dividend. The ex-dividend date was Monday, June 22nd. This represents a $3.25 annualized dividend and a yield of 0.4%. This is a boost from Invesco QQQ's previous quarterly dividend of $0.73.

More Invesco QQQ News

 

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

• Positive Sentiment: QQQ’s Nasdaq-100 exposure remains supported by strong large-cap technology performance. One analysis says the ETF has gained more than 19% this year and argues that Wall Street may see additional upside, although valuation and concentration risks remain. Invesco QQQ Trust ETF Is Up 19% YTD
• Positive Sentiment: Cooling July consumer inflation was described as favorable for the Federal Reserve, potentially improving the case for lower interest rates. Falling yields generally support growth-oriented technology stocks and QQQ holdings. July CPI: Good News for the Fed
• Positive Sentiment: Several market outlooks remain constructive, citing strong S&P 500 earnings growth, favorable historical patterns, and technical signals that could support continued equity gains. These trends are indirectly supportive of QQQ. S&P 500 Earnings Growth Drives a Bullish Outlier
• Positive Sentiment: Invesco ETFs recorded approximately $373 million in daily inflows on August 14, indicating continued investor demand for the issuer’s products, though the report does not identify how much went specifically into QQQ. ETF League Tables: Invesco Registers Inflows
• Neutral Sentiment: QQQ and QQQM provide similar Nasdaq-100 exposure; QQQM may be more attractive for long-term investors because of its lower expense ratio, while QQQ offers greater trading liquidity. This creates a potential allocation trade-off within Invesco’s lineup. QQQ vs. QQQM
• Negative Sentiment: Markets face greater uncertainty over the Fed’s next move, while a July retail-sales decline raises concerns about a possible economic-growth slowdown. Higher-for-longer rates or weaker growth could pressure QQQ’s richly valued technology holdings. Fed’s Next Rate Move Got More Complicated
• Negative Sentiment: Options-based buffered ETFs are being promoted as alternatives for investors worried that the bull market could break. Their growing appeal highlights downside-protection demand and may limit enthusiasm for an unhedged, growth-heavy fund such as QQQ. Three ETFs Built to Protect Your Money

About Invesco QQQ

(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.

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.

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