Invesco QQQ $QQQ Shares Bought by Balance Wealth Partners LLC

Key Points

• Balance Wealth Partners increased its QQQ stake by 5.5% in the second quarter, owning 52,718 shares valued at approximately $38.8 million. QQQ represents 10.3% of the firm’s portfolio and is its third-largest holding.
• Institutional ownership of QQQ stands at 44.58%, with several other firms adding positions during the first and second quarters, including Asset Allocation Strategies, which purchased approximately $18.1 million in shares.
• QQQ shares opened at $731.07, near their 12-month high of $748.65, while the ETF increased its quarterly dividend to $0.8135, or approximately $3.25 annually. Cooling inflation may support its technology-heavy holdings, though elevated valuations and bearish bets from investors such as Michael Burry remain risks.

Balance Wealth Partners LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,718 shares of the exchange traded fund's stock after acquiring an additional 2,745 shares during the quarter. Invesco QQQ makes up 10.3% of Balance Wealth Partners LLC's holdings, making the stock its 3rd biggest holding. Balance Wealth Partners LLC's holdings in Invesco QQQ were worth $38,821,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in QQQ. Carrera Capital Advisors increased its holdings in Invesco QQQ by 99.3% during the fourth quarter. Carrera Capital Advisors now owns 2,316 shares of the exchange traded fund's stock worth $1,423,000 after buying an additional 1,154 shares during the last quarter. Flatrock Wealth Partners LLC purchased a new position in Invesco QQQ in the first quarter valued at about $924,000. Hegarty Advisors LLC purchased a new position in Invesco QQQ in the first quarter valued at about $2,212,000. Ascension Capital Advisors Inc. grew its position in shares of Invesco QQQ by 643.8% during 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. Finally, Asset Allocation Strategies LLC bought a new position in shares of Invesco QQQ during the 1st quarter valued at approximately $18,142,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $731.07 on Friday. The company has a 50 day moving average of $713.13 and a 200-day moving average of $664.89. Invesco QQQ has a 12-month low of $555.60 and a 12-month high of $748.65.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 22nd were given a $0.8135 dividend. 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 0.4%. The ex-dividend date of this dividend was Monday, June 22nd.

Invesco QQQ News Summary

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

• Positive Sentiment: Cooling inflation and weaker labor-market data have reduced expectations for additional Federal Reserve rate hikes. Lower-rate expectations generally support QQQ’s technology and other growth-oriented holdings by improving the outlook for future earnings valuations. However, geopolitical risks around the Strait of Hormuz could keep oil prices and inflation volatile. Cooling Inflation Likely to Aid These ETF Areas
• Positive Sentiment: Exchange-traded funds were broadly higher before Friday’s opening, with investors awaiting retail-sales data. A constructive broader-market tone provided some support for QQQ, although mixed equity futures limited the follow-through. Exchange-Traded Funds Higher, Equity Futures Mixed Pre-Bell Friday Amid Retail Sales Data
• Positive Sentiment: Potential large technology IPOs, including Anthropic, could add another high-profile growth company to the Nasdaq ecosystem and potentially reinforce investor interest in technology-focused funds. Any direct benefit to QQQ would depend on the company’s eventual listing and index eligibility. Millions of 401(k) Holders Could Be Forced to Buy Anthropic Stock
• Neutral Sentiment: Investor sentiment is mixed: cooling inflation supports equities, but a historically elevated CAPE ratio and concerns about credit-market stress suggest that QQQ’s strong rally has left it vulnerable to volatility and profit-taking. What An All-Time High CAPE Ratio Implies for Investors
• Negative Sentiment: Investor Michael Burry has increased his bearish position against the QQQ ETF despite losses. The trade does not change the fund’s holdings, but it highlights skepticism about elevated technology valuations and may weigh on sentiment. Michael Burry Ramped Up His Bets Against Micron and the QQQ ETF

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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