Proficio Capital Partners LLC Buys 9,589 Shares of Invesco QQQ $QQQ

Key Points

• Proficio Capital Partners increased its Invesco QQQ stake by 55.2% in the second quarter, purchasing 9,589 additional shares for a total holding of 26,975 shares valued at approximately $19.9 million.
• Institutional ownership of QQQ stands at 44.58%, while shares recently traded at $716.76—near the upper end of their 12-month range of $555.60 to $748.65.
• Invesco QQQ raised its quarterly dividend to $0.8135, equivalent to an annualized $3.25 payout and a 0.5% yield. Technology and AI exposure support investor demand, though higher interest rates and concentration in richly valued growth stocks remain risks.

Proficio Capital Partners LLC raised its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 55.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,975 shares of the exchange traded fund's stock after purchasing an additional 9,589 shares during the quarter. Proficio Capital Partners LLC's holdings in Invesco QQQ were worth $19,864,000 at the end of the most recent reporting period.

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 stake in shares of Invesco QQQ during the 4th quarter valued at about $25,000. Shcp LLC bought a new position in shares of Invesco QQQ in the 3rd quarter worth approximately $27,000. Annis Gardner Whiting Capital Advisors LLC raised its holdings 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 purchasing an additional 43 shares in the last quarter. Parvin Asset Management LLC purchased a new position in Invesco QQQ during the 1st quarter valued at about $28,000. Finally, High Point Wealth Management LLC lifted its holdings 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 valued at $31,000 after purchasing an additional 17 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Up 0.0%

Shares of NASDAQ:QQQ opened at $716.76 on Tuesday. The stock has a fifty day simple moving average of $711.11 and a two-hundred day simple moving average of $672.73. Invesco QQQ has a 12-month low of $555.60 and a 12-month high of $748.65.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 22nd were issued a $0.8135 dividend. This represents a $3.25 annualized dividend 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.

Invesco QQQ News Roundup

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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