Brindle & Bay Financial Advisors LLC Purchases 22,391 Shares of Invesco QQQ $QQQ

Key Points

• Brindle & Bay Financial Advisors LLC increased its QQQ position by 247.9% in the second quarter, purchasing 22,391 additional shares to hold 31,422 shares valued at approximately $23.1 million.
• Institutional investors and hedge funds own 44.58% of QQQ, with several major firms—including Corient Private Wealth and Bank of America—also significantly expanding their holdings.
• QQQ recently traded at $732.07, near its 12-month high, while its quarterly dividend rose to $0.8135 per share, or $3.25 annualized, for a 0.4% yield. Growth is supported by easing inflation concerns and AI spending, though high valuations and slowing AI investment remain risks.

Brindle & Bay Financial Advisors LLC raised its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 247.9% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 31,422 shares of the exchange traded fund's stock after acquiring an additional 22,391 shares during the period. Invesco QQQ comprises 11.6% of Brindle & Bay Financial Advisors LLC's portfolio, making the stock its 2nd biggest position. Brindle & Bay Financial Advisors LLC's holdings in Invesco QQQ were worth $23,139,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Corient Private Wealth LLC boosted its position in Invesco QQQ by 3,567.7% during the fourth quarter. Corient Private Wealth LLC now owns 21,436,917 shares of the exchange traded fund's stock valued at $13,168,912,000 after purchasing an additional 20,852,432 shares during the last quarter. Bank of America Corp DE lifted its stake in Invesco QQQ by 381.0% in the 4th quarter. Bank of America Corp DE now owns 19,547,552 shares of the exchange traded fund's stock valued at $12,008,257,000 after purchasing an additional 26,505,055 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Invesco QQQ by 11.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,547,591 shares of the exchange traded fund's stock worth $2,179,321,000 after purchasing an additional 375,581 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its position in Invesco QQQ by 21.4% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,025,000 shares of the exchange traded fund's stock worth $1,858,288,000 after buying an additional 534,000 shares during the last quarter. Finally, Bank of Montreal Can increased its position in Invesco QQQ by 142.4% during the fourth quarter. Bank of Montreal Can now owns 1,431,050 shares of the exchange traded fund's stock worth $877,406,000 after buying an additional 840,803 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Up 1.2%

QQQ opened at $732.07 on Friday. Invesco QQQ has a 12-month low of $555.60 and a 12-month high of $748.65. The business has a 50 day moving average of $712.61 and a 200-day moving average of $664.43.

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 paid a dividend of $0.8135 per share. The ex-dividend date was Monday, June 22nd. This represents a $3.25 dividend on an annualized basis and a dividend 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: July inflation data was broadly viewed as benign: core CPI rose 0.2% monthly, while the annual inflation rate was 3.4%. The report eased concerns about renewed rate hikes and improved the outlook for growth-stock valuations. S&P500, Nasdaq End Higher As Fresh CPI Data Calms Rate Hike Fears
• Positive Sentiment: Commentary on the Producer Price Index and cooling consumer inflation suggests the Fed has more flexibility to hold rates steady or eventually ease policy. Lower interest rates would generally support QQQ’s technology-heavy portfolio. Producer Price Index Offers Another Respite On Inflation
• Positive Sentiment: Analysts continue to cite AI spending and potential earnings growth as important supports for growth ETFs, including Nasdaq-100 exposure. QQQ may also benefit as investors favor direct equity upside over covered-call products that can lag during strong rallies. GPIQ vs QQQ: What the Rally Lag Actually Costs
• Neutral Sentiment: Broad ETF demand remains strong, with industry assets and monthly inflows reaching records. This supports liquidity and investor interest in ETFs but does not guarantee continued gains for QQQ. Top ETF Launches of Summer 2026
• Negative Sentiment: Risks remain from elevated equity valuations, an all-time-high CAPE ratio, credit-market stress and concerns that slowing AI capital spending could weaken the technology-led rally. Tariff and energy-price pressures could also keep inflation and bond yields high, limiting QQQ’s upside. What An All-Time High CAPE Ratio Implies For Investors

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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