Nwam LLC Purchases 3,126 Shares of Invesco QQQ $QQQ

Key Points

• Nwam LLC increased its Invesco QQQ position by 5.3% in the second quarter, purchasing 3,126 additional shares for a total of 62,615 shares valued at approximately $46.1 million.
• QQQ opened at $716.76, within its 52-week range of $555.60 to $748.65, while institutional investors and hedge funds collectively own 44.58% of the fund.
• Investor interest remains supported by QQQ’s exposure to AI, semiconductor, and megacap technology companies, but higher interest rates and the fund’s concentration in richly valued growth stocks could increase volatility.

Nwam LLC raised its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,615 shares of the exchange traded fund's stock after purchasing an additional 3,126 shares during the period. Invesco QQQ accounts for about 2.3% of Nwam LLC's investment portfolio, making the stock its 4th largest position. Nwam LLC's holdings in Invesco QQQ were worth $46,109,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in QQQ. University of Texas Texas AM Investment Management Co. bought a new position in Invesco QQQ during the fourth quarter valued at approximately $25,000. Shcp LLC bought a new stake in Invesco QQQ in the third quarter worth approximately $27,000. Annis Gardner Whiting Capital Advisors LLC grew its position in 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 worth $28,000 after acquiring an additional 43 shares in the last quarter. Parvin Asset Management LLC acquired a new position in shares of Invesco QQQ during the 1st quarter worth $28,000. Finally, High Point Wealth Management LLC increased its stake in shares of Invesco QQQ by 68.0% during the 2nd 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 institutional investors and hedge funds.

Invesco QQQ News Summary

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

• Positive Sentiment: QQQ continues to attract investor interest as AI, semiconductor, and memory-chip themes drive significant inflows into technology-focused ETFs. The fund’s long-term performance and exposure to major Nasdaq-100 companies remain key bullish arguments. These 5 ETFs Have Raked in Cash This Year—What Do They All Have in Common?
• Positive Sentiment: Some market strategists expect technology stocks to rally in September and are adding software and chip exposure, which could support QQQ’s heavily weighted megacap technology holdings. Tech Rallies In September, I'm Adding Software And Chip Stocks
• Neutral Sentiment: QQQ’s strong historical returns and role in diversified portfolios continue to appeal to long-term investors, although past performance does not eliminate short-term volatility. If You'd Invested $1,000 in QQQ 20 Years Ago, Here's What You'd Have Today
• Neutral Sentiment: Goldman Sachs’ move into the Nasdaq-100 high-income ETF space highlights demand for technology exposure with distributions. However, QQQ’s growth-oriented strategy differs from income-focused alternatives, which may attract some yield-seeking investors away from traditional QQQ. Goldman Sachs Is Buying Into High Income ETFs, but What Are Nasdaq Investors Giving Up for Those Payouts?
• Negative Sentiment: Reports that higher rates or a September Federal Reserve hike could pressure richly valued growth stocks are a significant headwind for QQQ. Rising bond yields reduce the appeal of long-duration technology earnings and could increase volatility. Forecast: Fed To Hike Interest Rates After Warsh's Jackson Hole Talk
• Negative Sentiment: Broad U.S. equity ETFs moved lower during the session, while recent technology sell-offs renewed concerns that QQQ is concentrated in a relatively small group of expensive AI and semiconductor-related companies. Exchange-Traded Funds Lower as US Equities Fall After Midday

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $716.76 on Tuesday. Invesco QQQ has a 1-year low of $555.60 and a 1-year high of $748.65. The firm's fifty day simple moving average is $711.11 and its 200-day simple moving average is $672.73.

Invesco QQQ Increases Dividend

The business also recently announced 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 annualized dividend and a yield of 0.5%. This is an increase from Invesco QQQ's previous quarterly dividend of $0.73. The ex-dividend date was Monday, June 22nd.

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.

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ - Free Report).

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