Invesco QQQ: Fortune 45 LLC Raises Holdings in $QQQ

Key Points

• Fortune 45 LLC increased its Invesco QQQ stake by 2.2% in the second quarter, adding 2,043 shares for a total of 95,626 shares valued at approximately $70.4 million. QQQ represents about 30.8% of the firm’s portfolio and is its second-largest holding.
• Invesco QQQ shares opened at $717.67, near their 12-month high of $748.65, with the fund’s 50-day and 200-day moving averages at $711.01 and $674.98, respectively.
• The fund increased its quarterly dividend to $0.8135 per share, equivalent to an annualized dividend of about $3.25 and a 0.5% yield; institutional investors own 44.58% of QQQ.

Fortune 45 LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 2.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 95,626 shares of the exchange traded fund's stock after acquiring an additional 2,043 shares during the quarter. Invesco QQQ makes up approximately 30.8% of Fortune 45 LLC's holdings, making the stock its 2nd biggest holding. Fortune 45 LLC's holdings in Invesco QQQ were worth $70,420,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CAP Partners LLC raised its holdings in shares of Invesco QQQ by 3.5% in the 1st quarter. CAP Partners LLC now owns 444 shares of the exchange traded fund's stock valued at $256,000 after purchasing an additional 15 shares in the last quarter. Durante & Waters LLC raised its stake 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 worth $822,000 after buying an additional 15 shares in the last quarter. Roxbury Financial LLC raised its stake in Invesco QQQ by 19.7% in the second quarter. Roxbury Financial LLC now owns 91 shares of the exchange traded fund's stock worth $67,000 after buying an additional 15 shares in the last quarter. GoalVest Advisory LLC lifted its holdings in Invesco QQQ by 0.5% during the second quarter. GoalVest Advisory LLC now owns 3,016 shares of the exchange traded fund's stock worth $2,221,000 after buying an additional 15 shares during the period. Finally, Forty three Eighteen Advisors LLC lifted its holdings in Invesco QQQ by 0.6% during the first 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 period. Institutional investors own 44.58% of the company's stock.

Invesco QQQ News Summary

 

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

• Positive Sentiment: Broad U.S. equity ETFs moved higher after midday, indicating a supportive market backdrop for QQQ and its mega-cap technology constituents. Exchange-Traded Funds Rise as US Equities Advance After Midday
• Positive Sentiment: TipRanks’ ETF AI Analyst gave QQQ an Outperform rating and identified at least 15% upside potential, reinforcing bullish sentiment toward the fund’s technology exposure. 3 ETFs to Buy with At Least 15% Upside Potential, According to the AI Analyst
• Positive Sentiment: Recent economic commentary characterized cooler payroll growth as consistent with a low probability of recession. A softer labor market could support expectations for lower interest rates, which generally benefits growth and technology stocks held by QQQ. Mixed Data, Cooler Payrolls - And Still A Low Probability Of Recession
• Neutral Sentiment: Market outlook articles presented competing views on inflation, wages, government debt, AI investment and September seasonality, suggesting investors remain divided over the durability of the technology-led rally. September Market Digest
• Negative Sentiment: Warnings of an AI-bubble burst, falling token prices and rising yields highlight valuation and rate risks for QQQ’s high-growth holdings. AI Bubble Burst: Token Prices Collapse, And Yields Soar
• Negative Sentiment: Escalating U.S.-Iran tensions and renewed discussion of the Iran conflict could increase market uncertainty and pressure risk-sensitive technology shares. Exchange-Traded Funds, Equity Futures Mixed Pre-Bell Wednesday Amid Escalating US-Iran Tensions

Invesco QQQ Stock Up 1.2%

 

Shares of NASDAQ QQQ opened at $717.67 on Friday. The stock's fifty day simple moving average is $711.01 and its two-hundred day simple moving average is $674.98. Invesco QQQ has a 12-month low of $555.60 and a 12-month high of $748.65.

Invesco QQQ Increases Dividend

 

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Investors 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 an increase from Invesco QQQ's previous quarterly dividend of $0.73. This represents a $3.25 dividend on an annualized basis and a yield of 0.5%.

About Invesco QQQ

(Free Report)

 

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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source