BXM Wealth LLC Has $24.78 Million Stock Holdings in Invesco QQQ $QQQ

Key Points

• BXM Wealth increased its Invesco QQQ position by 16.7% in the second quarter, reaching 33,655 shares valued at approximately $24.78 million. QQQ now represents 13.5% of the firm’s portfolio and is its largest holding.
• QQQ shares opened at $713.44, compared with a 52-week range of $555.60 to $748.65. The fund raised its quarterly dividend to $0.8135 per share, equivalent to an annualized $3.25 payout and a 0.5% yield.
• Market sentiment is mixed: strength in U.S. equities and continued interest in artificial-intelligence exposure support QQQ, while higher yields, hawkish Federal Reserve signals and credit-market concerns pose risks to its technology-heavy holdings.

BXM Wealth LLC boosted its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 16.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,655 shares of the exchange traded fund's stock after purchasing an additional 4,811 shares during the period. Invesco QQQ comprises approximately 13.5% of BXM Wealth LLC's portfolio, making the stock its biggest holding. BXM Wealth LLC's holdings in Invesco QQQ were worth $24,783,000 at the end of the most recent reporting period.

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

Invesco QQQ Stock Up 0.4%

Shares of QQQ opened at $713.44 on Friday. Invesco QQQ has a 1 year low of $555.60 and a 1 year high of $748.65. The stock has a 50 day simple moving average of $713.76 and a two-hundred day simple moving average of $668.02.

Invesco QQQ Increases Dividend

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

Invesco QQQ News Summary

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

• Positive Sentiment: U.S. equities and exchange-traded funds advanced after midday, providing a favorable backdrop for QQQ’s Nasdaq-100 holdings. Exchange-Traded Funds Rise as US Equities Advance After Midday
• Positive Sentiment: An analysis describing a relatively inexpensive way to own artificial-intelligence exposure may reinforce demand for established technology companies represented heavily in QQQ. The Boring Way To Own AI Is Now The Cheap Way
• Positive Sentiment: Technical market commentary identified key support and resistance levels for QQQ and major holdings including Apple, Microsoft, Nvidia, Alphabet, Meta and Tesla, potentially encouraging dip-buying if support holds. How To Trade SPY, QQQ And 6 Mega Caps
• Neutral Sentiment: Market coverage said stocks were attempting to rebound while yields moved higher, leaving QQQ caught between improving risk appetite and pressure from higher borrowing costs. Markets Try To Bounce Back As Yields Head Higher
• Neutral Sentiment: Debate over Treasury policy, inflation, monetary support and U.S. market leadership is adding uncertainty to the interest-rate outlook, an important driver of growth-stock valuations. War, Inflation, And The Battle For Market Leadership
• Negative Sentiment: Credit-market risks may be underappreciated by AI-focused stocks, raising concerns about concentrated valuations and potential volatility among QQQ’s technology holdings. AI Stocks May Be Ignoring A Growing Risk Seen In Credit Markets
• Negative Sentiment: A hawkish interpretation of Federal Reserve minutes and the recent bond selloff could keep interest rates elevated, which generally weighs on high-growth technology stocks. Fed Minutes Lean Hawkish, But We Don't Expect A Hike

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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