Performa Ltd US LLC Makes New Investment in Invesco QQQ $QQQ

Key Points

• Performa Ltd US LLC purchased 8,000 shares of Invesco QQQ worth approximately $5.9 million during the second quarter, making QQQ its 13th-largest holding at about 0.9% of its portfolio.
• Institutional ownership remains significant at 44.58%, with several major investors substantially increasing their positions in QQQ.
• QQQ traded near $718, below its 52-week high of $748.65, while its quarterly dividend rose to $0.8135, equivalent to an annualized $3.25 and a 0.5% yield.

Performa Ltd US LLC purchased a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 8,000 shares of the exchange traded fund's stock, valued at approximately $5,891,000. Invesco QQQ makes up approximately 0.9% of Performa Ltd US LLC's investment portfolio, making the stock its 13th largest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Corient Private Wealth LLC increased its position in shares of Invesco QQQ by 3,567.7% in the 4th quarter. Corient Private Wealth LLC now owns 21,436,917 shares of the exchange traded fund's stock valued at $13,168,912,000 after purchasing an additional 20,852,432 shares during the last quarter. Bank of America Corp DE lifted its holdings in Invesco QQQ by 381.0% during the 4th quarter. Bank of America Corp DE now owns 19,547,552 shares of the exchange traded fund's stock worth $12,008,257,000 after buying an additional 26,505,055 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Invesco QQQ by 11.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,547,591 shares of the exchange traded fund's stock worth $2,179,321,000 after acquiring an additional 375,581 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Invesco QQQ by 21.4% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,025,000 shares of the exchange traded fund's stock worth $1,858,288,000 after acquiring an additional 534,000 shares in the last quarter. Finally, Analyst IMS Investment Management Services Ltd. lifted its stake in Invesco QQQ by 0.3% during the second quarter. Analyst IMS Investment Management Services Ltd. now owns 1,787,559 shares of the exchange traded fund's stock worth $1,316,358,000 after purchasing an additional 4,751 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Down 0.1%

Shares of Invesco QQQ stock opened at $718.36 on Wednesday. Invesco QQQ has a 52 week low of $555.60 and a 52 week high of $748.65. The firm's 50 day moving average is $710.79 and its two-hundred day moving average is $677.43.

Invesco QQQ Increases Dividend

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

Key Stories Impacting Invesco QQQ

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

• Positive Sentiment: QQQ’s long-term record remains a major support: an article highlights that the ETF’s high-growth holdings helped multiply an investment roughly sixfold over the past decade, reinforcing investor interest in its technology-heavy portfolio. This ETF Would Have Increased Your Investment by 6x Over the Past 10 Years
• Positive Sentiment: Expectations that the Federal Reserve will not raise interest rates, along with arguments that the current bull market can continue, provide some support for growth stocks and QQQ’s valuation. There Will Be No Fed Rate Hikes
• Neutral Sentiment: Investors are awaiting Friday’s consumer-price report, which could significantly change expectations for monetary policy and create volatility in rate-sensitive Nasdaq stocks. Friday's CPI Report Is More Important Than You Think
• Neutral Sentiment: QQQ and the lower-cost QQQM track the same Nasdaq-100, prompting investors to compare fees and potentially favor QQQM for long-term holdings. That creates a competitive headwind for QQQ, even though QQQ retains advantages in liquidity and trading volume. QQQ vs QQQM: Same Index, Same Stocks, Different Fee
• Negative Sentiment: Higher oil prices and broader market weakness are weighing on risk appetite, while reports warning of increased sell-off risks add pressure to growth-oriented ETFs. Markets Move To The Downside Amid Uptick In Oil Prices
• Negative Sentiment: Concerns about stretched AI valuations, possible bubble dynamics, and weaker-than-expected employment data are especially relevant to QQQ because of its concentration in mega-cap technology and AI beneficiaries. Nvidia Braces for AI Bubble Burst

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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