Kintra Wealth LLC Raises Stock Holdings in Invesco QQQ $QQQ

Key Points

• Kintra Wealth increased its Invesco QQQ position by 8% in the second quarter, adding 3,336 shares to reach 45,145 shares valued at approximately $33.1 million. QQQ represents about 1.7% of the firm’s portfolio.
• Institutional ownership remains significant, with hedge funds and other institutional investors holding 44.58% of QQQ; several firms recently initiated or expanded their positions.
• QQQ traded near record levels, opening at $718.96 against a 52-week range of $555.60 to $748.65, while its quarterly dividend rose to $0.8135 from $0.73. Growth-stock risks include potentially higher interest rates, rising Treasury yields, and concerns over AI-related profit margins.

Kintra Wealth LLC grew its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 8.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,145 shares of the exchange traded fund's stock after acquiring an additional 3,336 shares during the quarter. Invesco QQQ comprises approximately 1.7% of Kintra Wealth LLC's portfolio, making the stock its 16th biggest position. Kintra Wealth LLC's holdings in Invesco QQQ were worth $33,050,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. University of Texas Texas AM Investment Management Co. acquired a new stake in Invesco QQQ during the 4th quarter worth approximately $25,000. Shcp LLC acquired a new position in shares of Invesco QQQ in the third quarter valued at approximately $27,000. Annis Gardner Whiting Capital Advisors LLC increased its holdings in shares of Invesco QQQ by 2,150.0% in 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 purchasing an additional 43 shares during the period. Parvin Asset Management LLC purchased a new stake in shares of Invesco QQQ during the first quarter worth approximately $28,000. Finally, High Point Wealth Management LLC raised its stake 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 worth $31,000 after purchasing an additional 17 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $718.96 on Monday. The stock has a fifty day moving average price of $711.26 and a 200 day moving average price of $675.80. Invesco QQQ has a 1-year low of $555.60 and a 1-year high of $748.65.

Invesco QQQ Increases Dividend

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

Invesco QQQ News Summary

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

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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