Invesco QQQ $QQQ Shares Purchased by Connective Capital Management LLC

Key Points

• Connective Capital Management increased its Invesco QQQ position by 35.9% in the second quarter, acquiring 12,850 additional shares for a total of 48,645 shares valued at approximately $35.8 million. QQQ now represents 26% of the firm’s holdings.
• Other institutions also expanded their positions, including Wealth Group and Invesco Ltd.; institutional investors collectively own 44.58% of QQQ.
• QQQ traded down 0.1% to $718.36, while its quarterly dividend increased to $0.8135 per share, equivalent to an annualized yield of approximately 0.5%.

Connective Capital Management LLC grew its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 35.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,645 shares of the exchange traded fund's stock after acquiring an additional 12,850 shares during the period. Invesco QQQ comprises 26.0% of Connective Capital Management LLC's holdings, making the stock its biggest position. Connective Capital Management LLC's holdings in Invesco QQQ were worth $35,822,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC increased its holdings in shares of Invesco QQQ by 15.0% during the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock valued at $19,605,000 after purchasing an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in Invesco QQQ by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock valued at $2,687,000 after purchasing an additional 176 shares during the period. Jupiter Wealth Management LLC acquired a new stake in Invesco QQQ in the 2nd quarter valued at $290,000. Wealth Group Ltd. increased its stake in shares of Invesco QQQ by 283.7% during the second quarter. Wealth Group Ltd. now owns 24,629 shares of the exchange traded fund's stock worth $13,587,000 after purchasing an additional 18,210 shares in the last quarter. Finally, Invesco Ltd. increased its stake in 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 buying an additional 30,206 shares in the last quarter. Hedge funds and other 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: QQQ’s long-term performance remains a major attraction: an article notes that the ETF’s high-growth holdings have helped it increase an investment roughly sixfold over the past decade. This ETF Would Have Increased Your Investment by 6x Over the Past 10 Years
• Positive Sentiment: Expectations that the Federal Reserve will avoid additional rate hikes could support high-growth technology valuations, although the timing and strength of any future easing remain uncertain. There Will Be No Fed Rate Hikes
• Positive Sentiment: QQQ’s fee structure has reportedly improved after years of pressure from lower-cost rivals, potentially making the fund more competitive for investors. QQQ Charged 0.20% for Years
• Neutral Sentiment: The upcoming CPI report is viewed as an important catalyst because it could significantly shift expectations for Fed policy and the valuation of QQQ’s growth-heavy holdings. Friday's CPI Report Is More Important Than You Think
• Negative Sentiment: Markets moved lower amid an oil-price increase, which raises inflation concerns and can pressure technology stocks by keeping interest rates higher for longer. Markets Move To The Downside Amid Uptick In Oil Prices
• Negative Sentiment: Analysts highlighted rising risks of a stock-market sell-off, weakening employment data, and the possibility of a Federal Reserve policy mistake—factors that could reduce appetite for QQQ’s richly valued growth stocks. Risks Increased For A Stock Market Sell-Off
• Negative Sentiment: Concerns about an AI bubble and the sustainability of technology-sector earnings add pressure to QQQ, particularly through major holdings such as Nvidia. Nvidia Braces for AI Bubble Burst
• Negative Sentiment: QQQ also faces a relative-cost disadvantage versus QQQM, which tracks the same Nasdaq-100 index at a lower expense ratio and could encourage long-term investors to choose the alternative. QQQ vs QQQM

Invesco QQQ Stock Down 0.1%

NASDAQ QQQ traded down $0.60 during mid-day trading on Tuesday, hitting $718.36. The stock had a trading volume of 28,170,374 shares, compared to its average volume of 50,109,508. Invesco QQQ has a twelve month low of $555.60 and a twelve month high of $748.65. The firm's 50 day moving average is $711.15 and its 200 day moving average is $676.63.

Invesco QQQ Increases Dividend

The firm 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 represents a $3.25 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, June 22nd. This is a positive change from Invesco QQQ's previous quarterly dividend of $0.73.

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.

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