Corient Private Wealth LP Purchases 455,412 Shares of Invesco QQQ $QQQ

Key Points

• Corient Private Wealth LP increased its Invesco QQQ position by 506.8% in the second quarter, purchasing 455,412 additional shares for a total of 545,270 shares worth approximately $401.6 million.
• QQQ opened at $708.69 and was down 1.1%, while its share price remained between a 12-month range of $555.60 to $748.65. Rising interest-rate expectations, inflation concerns, and elevated oil prices could pressure its technology-heavy holdings.
• Invesco QQQ raised its quarterly dividend to $0.8135 per share, equivalent to an annualized $3.25 dividend and a 0.5% yield.

Corient Private Wealth LP grew its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 506.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 545,270 shares of the exchange traded fund's stock after buying an additional 455,412 shares during the quarter. Invesco QQQ accounts for approximately 0.6% of Corient Private Wealth LP's investment portfolio, making the stock its 28th biggest holding. Corient Private Wealth LP owned 0.08% of Invesco QQQ worth $401,553,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the company. Flatrock Wealth Partners LLC bought a new stake in shares of Invesco QQQ in the first quarter valued at $924,000. Hegarty Advisors LLC purchased a new stake in Invesco QQQ in the 1st quarter worth about $2,212,000. Ascension Capital Advisors Inc. raised its stake in Invesco QQQ by 643.8% in the 1st quarter. Ascension Capital Advisors Inc. now owns 3,094 shares of the exchange traded fund's stock valued at $1,786,000 after acquiring an additional 2,678 shares during the period. Financial Insights Inc. lifted its holdings in Invesco QQQ by 6.8% during the second quarter. Financial Insights Inc. now owns 29,790 shares of the exchange traded fund's stock valued at $21,938,000 after purchasing an additional 1,901 shares during the last quarter. Finally, First Bancorp Inc ME bought a new position in Invesco QQQ during the second quarter worth about $677,000. 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: TipRanks’ AI Analyst rated QQQ an “Outperform” and identified more than 12% potential upside, supporting the long-term case for the Nasdaq-100 ETF. The analysis also rated the Vanguard S&P 500 ETF and iShares Semiconductor ETF positively. 3 Best ETFs to Buy with 12%+ Upside, According to the AI Analyst
• Positive Sentiment: Accelerating money-supply growth could provide a longer-term liquidity tailwind for risk assets, including technology stocks held by QQQ. Money Supply Growth Accelerated In July To A 59-Month High
• Neutral Sentiment: QQQ remains caught between technical support and resistance, suggesting that traders are waiting for a clearer catalyst before establishing a new direction. Trump’s $5K Free Money Could Be A Market Bonanza
• Negative Sentiment: U.S. equity ETFs, including actively traded QQQ, moved lower after midday as investors reduced exposure to stocks. Exchange-Traded Funds, US Equities Fall After Midday
• Negative Sentiment: Reports that markets are pricing a higher probability of interest-rate increases, alongside persistent inflation concerns, weigh on QQQ’s long-duration growth holdings. Higher bond yields can compress technology-stock valuation multiples. Investors Continue To Brace For Interest Rate Hikes
• Negative Sentiment: Oil prices above $100 raise the risk of renewed inflation, potentially delaying Federal Reserve rate cuts and adding pressure to growth-focused ETFs. Oil Jumps Above $100: What It Means For Inflation and Market Risks

Invesco QQQ Trading Down 1.1%

QQQ opened at $708.69 on Friday. The firm has a 50-day moving average price of $710.52 and a 200-day moving average price of $678.92. Invesco QQQ has a twelve month low of $555.60 and a twelve month high of $748.65.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 22nd were issued a $0.8135 dividend. This is a boost from Invesco QQQ's previous quarterly dividend of $0.73. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $3.25 annualized dividend and a yield of 0.5%.

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.

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