Chokshi & Queen Wealth Advisors Inc Acquires 2,699 Shares of Invesco QQQ $QQQ

Key Points

• Chokshi & Queen Wealth Advisors increased its QQQ holdings by 4.3% in the second quarter, adding 2,699 shares to own 65,065 shares worth approximately $47.9 million. QQQ now represents 22.2% of the firm’s portfolio.
• QQQ shares opened at $718.96, near their 52-week high of $748.65, while the ETF raised its quarterly dividend to $0.8135 per share, equivalent to an annualized yield of about 0.5%.
• Investor sentiment is supported by Nasdaq-100 strength, solid earnings and easing labor-market concerns, but higher interest rates, rising Treasury yields and AI-related margin pressures remain risks for QQQ’s growth-focused holdings.

Chokshi & Queen Wealth Advisors Inc boosted its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 65,065 shares of the exchange traded fund's stock after purchasing an additional 2,699 shares during the period. Invesco QQQ comprises 22.2% of Chokshi & Queen Wealth Advisors Inc's portfolio, making the stock its 2nd largest position. Chokshi & Queen Wealth Advisors Inc's holdings in Invesco QQQ were worth $47,914,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of QQQ. CAP Partners LLC grew its position in shares of Invesco QQQ by 3.5% during the first quarter. CAP Partners LLC now owns 444 shares of the exchange traded fund's stock worth $256,000 after buying an additional 15 shares in the last quarter. Durante & Waters LLC raised its holdings in Invesco QQQ by 1.1% in the first quarter. Durante & Waters LLC now owns 1,425 shares of the exchange traded fund's stock valued at $822,000 after acquiring an additional 15 shares in the last quarter. Roxbury Financial LLC raised its holdings in Invesco QQQ by 19.7% in the second quarter. Roxbury Financial LLC now owns 91 shares of the exchange traded fund's stock valued at $67,000 after acquiring an additional 15 shares in the last quarter. GoalVest Advisory LLC boosted its stake in Invesco QQQ by 0.5% during the 2nd quarter. GoalVest Advisory LLC now owns 3,016 shares of the exchange traded fund's stock valued at $2,221,000 after acquiring an additional 15 shares during the last quarter. Finally, Forty three Eighteen Advisors LLC boosted its stake in Invesco QQQ by 0.6% during the 1st quarter. Forty three Eighteen Advisors LLC now owns 2,694 shares of the exchange traded fund's stock valued at $1,555,000 after acquiring an additional 16 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $718.96 on Friday. Invesco QQQ has a 1-year low of $555.60 and a 1-year high of $748.65. The firm has a fifty day moving average of $711.26 and a two-hundred day moving average of $675.29.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 22nd were given a dividend of $0.8135 per share. 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. This represents a $3.25 annualized dividend and a dividend yield of 0.5%.

Invesco QQQ News Roundup

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

• Positive Sentiment: QQQ benefited from relative strength in the Nasdaq-100, while investor sentiment toward QQQ turned bullish ahead of the latest labor-market data. QQQ ETF edges higher as Nasdaq-100 outperforms
• Positive Sentiment: The August jobs report reportedly exceeded expectations, easing immediate concerns about a weakening labor market and supporting the “soft landing” or “Goldilocks” case for equities. That backdrop can help growth-focused technology stocks held by QQQ. Exchange-Traded Funds Higher, Equity Futures Mixed Pre-Bell Friday After August Jobs Report Tops Estimates
• Positive Sentiment: Analysts highlighted broad second-quarter earnings strength and a possible new capital-formation cycle, both of which could support continued demand for large-cap technology and artificial-intelligence companies represented in the Nasdaq-100. Second Quarter Earnings Show Breadth
• Neutral Sentiment: Trading was mixed across major ETFs, with some broad-market funds advancing and others declining. This suggests QQQ’s gains were driven more by Nasdaq-100 leadership than by a uniformly strong market. Exchange-Traded Funds Mixed, US Equities Lower After Midday
• Negative Sentiment: Investors are also weighing the possibility that resilient hiring and a separate report describing hot August inflation could delay rate cuts or even prompt a Federal Reserve hike. Higher interest rates generally pressure the long-duration growth stocks that dominate QQQ. Why The Fed Might Hike Rates After A Red-Hot August Inflation Report
• Negative Sentiment: Concerns that rising long-term Treasury yields could reflect inflation, fiscal pressure, or other structural risks create an additional valuation headwind for QQQ. Benign Or Malign? Reasons For The Rise In Long-Term U.S. Interest Rates
• Negative Sentiment: Profit-margin concerns surrounding the artificial-intelligence boom could weigh on several major QQQ holdings if heavy infrastructure spending fails to generate sufficient returns. The AI Boom Is Eating Its Own Margins

About Invesco QQQ

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.

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