Quantum Financial Partners LLC Makes New $6.48 Million Investment in Invesco QQQ $QQQ

Key Points

• Quantum Financial Partners LLC acquired 8,797 shares of Invesco QQQ worth approximately $6.48 million in the second quarter, making QQQ its 11th-largest holding at 3.3% of the portfolio.
• QQQ shares opened at $731.07, near their 52-week high of $748.65, with the 50-day and 200-day moving averages at $713.13 and $664.89, respectively.
• Invesco QQQ increased its quarterly dividend to $0.8135 per share, equivalent to an annualized payout of $3.25 and a 0.4% yield; investors remain supported by easing rate expectations but face valuation and volatility concerns.

Quantum Financial Partners LLC bought a new position in Invesco QQQ (NASDAQ:QQQ - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 8,797 shares of the exchange traded fund's stock, valued at approximately $6,478,000. Invesco QQQ makes up about 3.3% of Quantum Financial Partners LLC's portfolio, making the stock its 11th largest holding.

A number of other large investors have also made changes to their positions in the company. University of Texas Texas AM Investment Management Co. acquired a new stake in Invesco QQQ during the 4th quarter valued at $25,000. Shcp LLC purchased a new position in shares of Invesco QQQ during the third quarter valued at $27,000. Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of Invesco QQQ by 2,150.0% during 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 buying an additional 43 shares in the last quarter. Parvin Asset Management LLC purchased a new position in shares of Invesco QQQ during the first quarter valued at $28,000. Finally, Rachor Investment Advisory Services LLC acquired a new position in Invesco QQQ during the fourth quarter valued at $29,000. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $731.07 on Friday. The stock has a 50-day moving average price of $713.13 and a 200 day moving average price of $664.89. Invesco QQQ has a 1 year low of $555.60 and a 1 year high of $748.65.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 22nd were paid a dividend of $0.8135 per share. 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. This represents a $3.25 annualized dividend and a yield of 0.4%.

Invesco QQQ News Summary

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

• Positive Sentiment: Cooling inflation and weaker labor-market data have reduced expectations for additional Federal Reserve rate hikes. Lower-rate expectations generally support QQQ’s technology and other growth-oriented holdings by improving the outlook for future earnings valuations. However, geopolitical risks around the Strait of Hormuz could keep oil prices and inflation volatile. Cooling Inflation Likely to Aid These ETF Areas
• Positive Sentiment: Exchange-traded funds were broadly higher before Friday’s opening, with investors awaiting retail-sales data. A constructive broader-market tone provided some support for QQQ, although mixed equity futures limited the follow-through. Exchange-Traded Funds Higher, Equity Futures Mixed Pre-Bell Friday Amid Retail Sales Data
• Positive Sentiment: Potential large technology IPOs, including Anthropic, could add another high-profile growth company to the Nasdaq ecosystem and potentially reinforce investor interest in technology-focused funds. Any direct benefit to QQQ would depend on the company’s eventual listing and index eligibility. Millions of 401(k) Holders Could Be Forced to Buy Anthropic Stock
• Neutral Sentiment: Investor sentiment is mixed: cooling inflation supports equities, but a historically elevated CAPE ratio and concerns about credit-market stress suggest that QQQ’s strong rally has left it vulnerable to volatility and profit-taking. What An All-Time High CAPE Ratio Implies for Investors
• Negative Sentiment: Investor Michael Burry has increased his bearish position against the QQQ ETF despite losses. The trade does not change the fund’s holdings, but it highlights skepticism about elevated technology valuations and may weigh on sentiment. Michael Burry Ramped Up His Bets Against Micron and the QQQ ETF

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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