Kovack Advisors Inc. Has $42.63 Million Holdings in Invesco QQQ $QQQ

Key Points

• Kovack Advisors increased its Invesco QQQ stake by 17.2% in the second quarter, adding 8,567 shares to own 58,427 shares valued at approximately $42.63 million. QQQ represents 2.0% of the firm’s portfolio and is its ninth-largest holding.
• Institutional investors own 44.58% of QQQ, while the ETF traded at $713.44, within its 12-month range of $555.60 to $748.65.
• Invesco QQQ raised its quarterly dividend to $0.8135 per share, equivalent to an annualized $3.25 dividend and a 0.5% yield. QQQ’s technology-heavy portfolio could benefit from stronger equity markets but remains exposed to higher interest rates, credit-market risks and concentrated AI valuations.

Kovack Advisors Inc. increased its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 17.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 58,427 shares of the exchange traded fund's stock after acquiring an additional 8,567 shares during the quarter. Invesco QQQ comprises 2.0% of Kovack Advisors Inc.'s holdings, making the stock its 9th largest holding. Kovack Advisors Inc.'s holdings in Invesco QQQ were worth $42,628,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. University of Texas Texas AM Investment Management Co. bought a new position in Invesco QQQ during the 4th quarter worth approximately $25,000. Shcp LLC bought a new stake in shares of Invesco QQQ in the 3rd quarter valued at $27,000. Annis Gardner Whiting Capital Advisors LLC boosted its stake in shares of Invesco QQQ by 2,150.0% in 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 purchasing an additional 43 shares during the last quarter. Parvin Asset Management LLC acquired a new stake in shares of Invesco QQQ during the first quarter worth $28,000. Finally, Rachor Investment Advisory Services LLC acquired a new stake in shares of Invesco QQQ during the fourth quarter worth $29,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $713.44 on Monday. Invesco QQQ has a twelve month low of $555.60 and a twelve month high of $748.65. The firm has a fifty day simple moving average of $713.76 and a 200 day simple moving average of $668.31.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 22nd were issued a dividend of $0.8135 per share. 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 an increase from Invesco QQQ's previous quarterly dividend of $0.73.

More Invesco QQQ News

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

• Positive Sentiment: U.S. equities and exchange-traded funds advanced after midday, providing a favorable backdrop for QQQ’s Nasdaq-100 holdings. Exchange-Traded Funds Rise as US Equities Advance After Midday
• Positive Sentiment: An analysis describing a relatively inexpensive way to own artificial-intelligence exposure may reinforce demand for established technology companies represented heavily in QQQ. The Boring Way To Own AI Is Now The Cheap Way
• Positive Sentiment: Technical market commentary identified key support and resistance levels for QQQ and major holdings including Apple, Microsoft, Nvidia, Alphabet, Meta and Tesla, potentially encouraging dip-buying if support holds. How To Trade SPY, QQQ And 6 Mega Caps
• Neutral Sentiment: Market coverage said stocks were attempting to rebound while yields moved higher, leaving QQQ caught between improving risk appetite and pressure from higher borrowing costs. Markets Try To Bounce Back As Yields Head Higher
• Neutral Sentiment: Debate over Treasury policy, inflation, monetary support and U.S. market leadership is adding uncertainty to the interest-rate outlook, an important driver of growth-stock valuations. War, Inflation, And The Battle For Market Leadership
• Negative Sentiment: Credit-market risks may be underappreciated by AI-focused stocks, raising concerns about concentrated valuations and potential volatility among QQQ’s technology holdings. AI Stocks May Be Ignoring A Growing Risk Seen In Credit Markets
• Negative Sentiment: A hawkish interpretation of Federal Reserve minutes and the recent bond selloff could keep interest rates elevated, which generally weighs on high-growth technology stocks. Fed Minutes Lean Hawkish, But We Don't Expect A Hike

Invesco QQQ Company 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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