Braeburn Wealth Management LLC Has $42.42 Million Position in Invesco QQQ $QQQ

Braeburn Wealth Management LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 13.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 57,603 shares of the exchange traded fund's stock after purchasing an additional 6,709 shares during the quarter. Invesco QQQ accounts for 18.2% of Braeburn Wealth Management LLC's holdings, making the stock its biggest holding. Braeburn Wealth Management LLC's holdings in Invesco QQQ were worth $42,421,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. University of Texas Texas AM Investment Management Co. bought a new stake in Invesco QQQ during the fourth quarter worth about $25,000. Shcp LLC acquired a new position in shares of Invesco QQQ in the 3rd quarter valued at approximately $27,000. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of Invesco QQQ by 2,150.0% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund's stock worth $28,000 after acquiring an additional 43 shares during the period. Parvin Asset Management LLC bought a new stake in shares of Invesco QQQ during the 1st quarter worth approximately $28,000. Finally, Rachor Investment Advisory Services LLC acquired a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $29,000. Institutional investors own 44.58% of the company's stock.

Key Headlines Impacting Invesco QQQ

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 NASDAQ:QQQ opened at $731.07 on Friday. Invesco QQQ has a 1 year low of $555.60 and a 1 year high of $748.65. The company's 50 day simple moving average is $713.13 and its 200 day simple moving average is $664.89.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 22nd were paid a $0.8135 dividend. This represents a $3.25 annualized dividend and a dividend yield of 0.4%. 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 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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