Kinetic Wealth Investment Advisors LLC Invests $2.07 Million in Invesco QQQ $QQQ

Key Points

• Kinetic Wealth Investment Advisors acquired 2,808 shares of Invesco QQQ valued at approximately $2.07 million, making QQQ its 20th-largest holding and about 1% of its portfolio. Institutional investors collectively own 44.58% of the ETF.
• QQQ was trading at $718.96, near its 12-month high of $748.65, with its 50-day and 200-day moving averages at $711.15 and $676.63, respectively. The fund also raised its quarterly dividend to $0.8135 per share, equating to an annualized yield of about 0.5%.
• Recent outlook drivers include a lower expense ratio and strong historical performance, while concentration in major technology stocks leaves QQQ exposed to volatility and potentially higher interest rates following hotter-than-expected inflation data.

Kinetic Wealth Investment Advisors LLC acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 2,808 shares of the exchange traded fund's stock, valued at approximately $2,068,000. Invesco QQQ accounts for about 1.0% of Kinetic Wealth Investment Advisors LLC's portfolio, making the stock its 20th largest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. University of Texas Texas AM Investment Management Co. purchased a new stake in Invesco QQQ in the fourth quarter worth about $25,000. Shcp LLC purchased a new position in shares of Invesco QQQ during the 3rd quarter valued at about $27,000. Annis Gardner Whiting Capital Advisors LLC grew its stake in shares of Invesco QQQ by 2,150.0% during the 4th 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 during the period. Parvin Asset Management LLC bought a new position in shares of Invesco QQQ during the 1st quarter valued at approximately $28,000. Finally, High Point Wealth Management LLC increased its holdings in Invesco QQQ by 68.0% in the 2nd quarter. High Point Wealth Management LLC now owns 42 shares of the exchange traded fund's stock worth $31,000 after acquiring an additional 17 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $718.96 on Tuesday. Invesco QQQ has a 12 month low of $555.60 and a 12 month high of $748.65. The company's 50 day moving average is $711.15 and its two-hundred day moving average is $676.63.

Invesco QQQ Increases Dividend

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

Key Headlines Impacting Invesco QQQ

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

• Positive Sentiment: QQQ’s long-standing expense ratio was reduced after shareholders approved a structural change, improving the fund’s competitiveness against lower-cost Nasdaq-100 alternatives and potentially supporting future investor demand. QQQ Charged 0.20% for Years
• Positive Sentiment: Coverage highlighted that QQQ’s concentration in high-growth companies helped investors multiply their investment over the past decade, reinforcing the fund’s appeal despite its technology-sector concentration. This ETF Would Have Increased Your Investment by 6x
• Neutral Sentiment: Analysis of “Magnificent Seven” stocks produced mixed analyst views. Because these companies represent a significant portion of QQQ, their ratings remain an important driver of the ETF’s outlook. Analysis of Magnificent Seven Ratings
• Neutral Sentiment: Market volatility has increased even while the VIX remains relatively subdued, suggesting that investors may be underpricing the risk of sharper moves in growth-heavy funds such as QQQ. The VIX Is Playing Tricks
• Negative Sentiment: A hotter-than-expected CPI report could push the Federal Reserve toward a September rate hike. Higher interest rates typically pressure the elevated valuations of QQQ’s technology and other growth holdings. A Hot CPI Report May Force a September Rate Hike

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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