Hibernia Wealth Partners LLC trimmed its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 48.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,886 shares of the exchange traded fund's stock after selling 3,583 shares during the quarter. Invesco QQQ makes up 1.5% of Hibernia Wealth Partners LLC's holdings, making the stock its 10th largest position. Hibernia Wealth Partners LLC's holdings in Invesco QQQ were worth $2,861,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of QQQ. Brighton Jones LLC raised its stake in Invesco QQQ by 15.0% in the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock valued at $19,605,000 after buying an additional 4,989 shares during the period. Revolve Wealth Partners LLC boosted its stake in shares of Invesco QQQ by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock worth $2,687,000 after acquiring an additional 176 shares during the period. Jupiter Wealth Management LLC bought a new position in shares of Invesco QQQ during the 2nd quarter worth approximately $290,000. Wealth Group Ltd. increased its holdings in shares of Invesco QQQ by 283.7% during the 2nd quarter. Wealth Group Ltd. now owns 24,629 shares of the exchange traded fund's stock worth $13,587,000 after acquiring an additional 18,210 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Invesco QQQ by 1,057.3% during the 2nd quarter. Invesco Ltd. now owns 33,063 shares of the exchange traded fund's stock worth $18,239,000 after acquiring an additional 30,206 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.
Invesco QQQ Stock Performance
QQQ opened at $717.51 on Wednesday. The stock's fifty day simple moving average is $713.60 and its 200 day simple moving average is $666.46. Invesco QQQ has a 1-year low of $555.60 and a 1-year high of $748.65.
Invesco QQQ Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 22nd were issued a $0.8135 dividend. This is an increase from Invesco QQQ's previous quarterly dividend of $0.73. This represents a $3.25 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, June 22nd.
Trending Headlines about Invesco QQQ
Here are the key news stories impacting Invesco QQQ this week:
- Positive Sentiment: QQQ remains supported by strong year-to-date performance, with the Nasdaq-100’s gains suggesting that Wall Street still sees potential for additional upside despite recent volatility. Invesco QQQ Trust ETF Is Up 19% YTD
- Positive Sentiment: Invesco recorded substantial ETF inflows, indicating continued investor demand for its products and potentially reinforcing confidence in the broader Invesco platform. ETF League Tables: Invesco Registers Inflows
- Neutral Sentiment: QQQ and QQQM provide similar Nasdaq-100 exposure; comparisons emphasize QQQ’s liquidity and trading advantages, while QQQM may appeal more to long-term investors seeking lower costs. QQQ vs. QQQM
- Negative Sentiment: Market commentary warned that rising Treasury yields and a more complicated Fed outlook could pressure growth-stock valuations by increasing the discount rate applied to future earnings. Fed’s Next Rate Move Just Got More Complicated
- Negative Sentiment: Concerns over excessive AI spending, possible bubble conditions, elevated investor leverage, and weakening consumer sentiment increased the risk of a pullback in QQQ’s heavily weighted technology holdings. Macro Insights: AI Capex and Rising Yields
Invesco QQQ Profile
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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.
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