Envestnet Portfolio Solutions Inc. Increases Position in Invesco QQQ $QQQ

Key Points

• Envestnet Portfolio Solutions increased its Invesco QQQ position by 8.4% in the second quarter, adding 1,511 shares for a total of 19,500 shares valued at approximately $14.36 million. Hedge funds and institutional investors collectively own 44.58% of QQQ.
• QQQ opened at $741.21, near its 12-month high of $748.65, supported by strength in AI and technology stocks and falling Treasury yields. However, analysts warn that its concentration in mega-cap technology companies could amplify losses if AI spending, earnings or valuations weaken.
• Invesco declared a quarterly dividend of $0.7514, equivalent to an annualized $3.01 payout and a 0.4% yield, payable October 8 to shareholders of record September 21.

Envestnet Portfolio Solutions Inc. grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 8.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,500 shares of the exchange traded fund's stock after buying an additional 1,511 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Invesco QQQ were worth $14,360,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. CAP Partners LLC lifted its holdings in shares of Invesco QQQ by 3.5% during the 1st quarter. CAP Partners LLC now owns 444 shares of the exchange traded fund's stock worth $256,000 after acquiring an additional 15 shares during the period. Durante & Waters LLC lifted its stake in Invesco QQQ by 1.1% during the first quarter. Durante & Waters LLC now owns 1,425 shares of the exchange traded fund's stock worth $822,000 after purchasing an additional 15 shares during the last quarter. Roxbury Financial LLC boosted its holdings in shares of Invesco QQQ by 19.7% in the 2nd quarter. Roxbury Financial LLC now owns 91 shares of the exchange traded fund's stock valued at $67,000 after purchasing an additional 15 shares in the last quarter. GoalVest Advisory LLC increased its stake in shares of Invesco QQQ by 0.5% in the 2nd quarter. GoalVest Advisory LLC now owns 3,016 shares of the exchange traded fund's stock valued at $2,221,000 after purchasing an additional 15 shares during the last quarter. Finally, Forty three Eighteen Advisors LLC lifted its position in shares of 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 worth $1,555,000 after buying an additional 16 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ News Summary

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

• Positive Sentiment: The Nasdaq-100 recently reached another intraday record as artificial-intelligence stocks continued to lead the market. Falling Treasury yields also supported growth-oriented technology shares, which make up most of QQQ’s portfolio. Nasdaq 100 Flirts with Records, Oil Sinks for Fifth Day
• Positive Sentiment: Invesco launched the Nasdaq International Innovators 100 ETF (QQI), expanding its QQQ Innovation Suite beyond U.S. companies. The new product does not directly change QQQ’s holdings, but it could strengthen Invesco’s innovation-focused ETF franchise and attract additional investor interest. The Invesco QQQ Innovation Suite Expands with the Launch of QQI
• Neutral Sentiment: QQQ’s recent dividend announcement may support demand from income-oriented investors, although the distribution is generally a small factor compared with movements in the fund’s underlying technology holdings. Invesco QQQ Shares Up After Dividend Announcement
• Negative Sentiment: Commentary warns that investors may be overexposed to a narrow group of mega-cap technology and AI companies. Any disappointment in AI spending, earnings or valuations could produce an outsized pullback in QQQ. The Hidden Tech Trap Destroying Your Portfolio
• Negative Sentiment: Other market commentary describes the technology sector as extended and the broader rally as vulnerable to profit-taking. This helps explain why QQQ has decreased despite the Nasdaq’s record-setting backdrop. The Tech Sector Is Leaning Over Its Skis Again

Invesco QQQ Stock Down 0.8%

NASDAQ:QQQ opened at $741.21 on Thursday. Invesco QQQ has a twelve month low of $555.60 and a twelve month high of $748.65. The stock's 50-day simple moving average is $711.44 and its 200 day simple moving average is $686.18.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Monday, September 21st will be paid a $0.7514 dividend. The ex-dividend date of this dividend is Monday, September 21st. This represents a $3.01 annualized dividend and a yield of 0.4%.

Invesco QQQ 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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