Invesco QQQ $QQQ Shares Purchased by Principia Wealth Advisory LLC

Key Points

• Principia Wealth Advisory sharply increased its QQQ stake by 21,698.5% in the second quarter, purchasing 14,321 additional shares for a total of 14,387 shares valued at approximately $10.59 million. QQQ now represents 2.2% of the firm’s portfolio and its fourth-largest holding.
• QQQ opened at $718.96, compared with a 52-week range of $555.60 to $748.65. The ETF also raised its quarterly dividend to $0.8135 from $0.73, implying an annualized dividend of $3.25 and a 0.5% yield.
• QQQ is benefiting from Nasdaq-100 and large-cap technology strength, but higher interest rates, rising Treasury yields, and AI-related margin concerns could pressure its growth-focused holdings.

Principia Wealth Advisory LLC boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 21,698.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,387 shares of the exchange traded fund's stock after buying an additional 14,321 shares during the period. Invesco QQQ makes up 2.2% of Principia Wealth Advisory LLC's holdings, making the stock its 4th largest position. Principia Wealth Advisory LLC's holdings in Invesco QQQ were worth $10,590,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. University of Texas Texas AM Investment Management Co. acquired a new stake in Invesco QQQ in the fourth quarter worth about $25,000. High Point Wealth Management LLC increased its holdings in shares of Invesco QQQ by 68.0% during the second quarter. High Point Wealth Management LLC now owns 42 shares of the exchange traded fund's stock valued at $31,000 after acquiring an additional 17 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its holdings in shares of Invesco QQQ by 2,150.0% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund's stock valued at $28,000 after acquiring an additional 43 shares in the last quarter. Shcp LLC purchased a new position in shares of Invesco QQQ in the 3rd quarter valued at approximately $27,000. Finally, Parvin Asset Management LLC purchased a new position in shares of Invesco QQQ in the 1st quarter valued at approximately $28,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

QQQ stock opened at $718.96 on Monday. Invesco QQQ has a 52 week low of $555.60 and a 52 week high of $748.65. The firm has a 50 day moving average of $711.26 and a 200 day moving average of $675.80.

Invesco QQQ Increases Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, June 22nd.

Key Invesco QQQ News

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

• Positive Sentiment: QQQ benefited from relative strength in the Nasdaq-100, while investor sentiment toward QQQ turned bullish ahead of the latest labor-market data. QQQ ETF edges higher as Nasdaq-100 outperforms
• Positive Sentiment: The August jobs report reportedly exceeded expectations, easing immediate concerns about a weakening labor market and supporting the “soft landing” or “Goldilocks” case for equities. That backdrop can help growth-focused technology stocks held by QQQ. Exchange-Traded Funds Higher, Equity Futures Mixed Pre-Bell Friday After August Jobs Report Tops Estimates
• Positive Sentiment: Analysts highlighted broad second-quarter earnings strength and a possible new capital-formation cycle, both of which could support continued demand for large-cap technology and artificial-intelligence companies represented in the Nasdaq-100. Second Quarter Earnings Show Breadth
• Neutral Sentiment: Trading was mixed across major ETFs, with some broad-market funds advancing and others declining. This suggests QQQ’s gains were driven more by Nasdaq-100 leadership than by a uniformly strong market. Exchange-Traded Funds Mixed, US Equities Lower After Midday
• Negative Sentiment: Investors are also weighing the possibility that resilient hiring and a separate report describing hot August inflation could delay rate cuts or even prompt a Federal Reserve hike. Higher interest rates generally pressure the long-duration growth stocks that dominate QQQ. Why The Fed Might Hike Rates After A Red-Hot August Inflation Report
• Negative Sentiment: Concerns that rising long-term Treasury yields could reflect inflation, fiscal pressure, or other structural risks create an additional valuation headwind for QQQ. Benign Or Malign? Reasons For The Rise In Long-Term U.S. Interest Rates
• Negative Sentiment: Profit-margin concerns surrounding the artificial-intelligence boom could weigh on several major QQQ holdings if heavy infrastructure spending fails to generate sufficient returns. The AI Boom Is Eating Its Own Margins

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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