Invesco QQQ $QQQ Shares Acquired by Warner Group LLC

Key Points

• Warner Group LLC nearly doubled its Invesco QQQ position in the second quarter, acquiring 15,717 additional shares for a total of 32,065 shares valued at approximately $23.6 million. QQQ now represents 5.8% of the firm’s holdings and is its fifth-largest position.
• Institutional investors and hedge funds own approximately 44.6% of QQQ, with several firms reporting modest position increases during the first and second quarters.
• QQQ recently traded near $713, up 0.4%, while its quarterly dividend increased to $0.8135 per share, equivalent to an annualized $3.25 dividend and a 0.5% yield. Its technology-heavy portfolio continues to benefit from AI interest but remains exposed to elevated interest rates and credit-market risks.

Warner Group LLC boosted its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 96.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 32,065 shares of the exchange traded fund's stock after acquiring an additional 15,717 shares during the period. Invesco QQQ comprises approximately 5.8% of Warner Group LLC's holdings, making the stock its 5th biggest holding. Warner Group LLC's holdings in Invesco QQQ were worth $23,611,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. CAP Partners LLC increased its stake in Invesco QQQ by 3.5% in the first 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 during the last quarter. Durante & Waters LLC boosted its stake in Invesco QQQ by 1.1% in the 1st 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 during the last quarter. Roxbury Financial LLC boosted its stake in Invesco QQQ by 19.7% in the 2nd quarter. Roxbury Financial LLC now owns 91 shares of the exchange traded fund's stock worth $67,000 after buying an additional 15 shares during the last quarter. GoalVest Advisory LLC grew its holdings in 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 buying an additional 15 shares during the period. Finally, Forty three Eighteen Advisors LLC grew its holdings in Invesco QQQ by 0.6% in 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 buying an additional 16 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Invesco QQQ

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

• Positive Sentiment: U.S. equities and exchange-traded funds advanced after midday, providing a favorable backdrop for QQQ’s Nasdaq-100 holdings. Exchange-Traded Funds Rise as US Equities Advance After Midday
• Positive Sentiment: An analysis describing a relatively inexpensive way to own artificial-intelligence exposure may reinforce demand for established technology companies represented heavily in QQQ. The Boring Way To Own AI Is Now The Cheap Way
• Positive Sentiment: Technical market commentary identified key support and resistance levels for QQQ and major holdings including Apple, Microsoft, Nvidia, Alphabet, Meta and Tesla, potentially encouraging dip-buying if support holds. How To Trade SPY, QQQ And 6 Mega Caps
• Neutral Sentiment: Market coverage said stocks were attempting to rebound while yields moved higher, leaving QQQ caught between improving risk appetite and pressure from higher borrowing costs. Markets Try To Bounce Back As Yields Head Higher
• Neutral Sentiment: Debate over Treasury policy, inflation, monetary support and U.S. market leadership is adding uncertainty to the interest-rate outlook, an important driver of growth-stock valuations. War, Inflation, And The Battle For Market Leadership
• Negative Sentiment: Credit-market risks may be underappreciated by AI-focused stocks, raising concerns about concentrated valuations and potential volatility among QQQ’s technology holdings. AI Stocks May Be Ignoring A Growing Risk Seen In Credit Markets
• Negative Sentiment: A hawkish interpretation of Federal Reserve minutes and the recent bond selloff could keep interest rates elevated, which generally weighs on high-growth technology stocks. Fed Minutes Lean Hawkish, But We Don't Expect A Hike

Invesco QQQ Stock Up 0.4%

NASDAQ QQQ opened at $713.44 on Friday. Invesco QQQ has a 12 month low of $555.60 and a 12 month high of $748.65. The company has a 50-day moving average of $713.76 and a 200-day moving average of $668.02.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 22nd were given a dividend of $0.8135 per share. This represents a $3.25 dividend on an annualized basis and a yield of 0.5%. This is a positive change from Invesco QQQ's previous quarterly dividend of $0.73. The ex-dividend date of this dividend was Monday, June 22nd.

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.

Continue following MarketBeat

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

Add As Preferred Source