Sax Wealth Advisors LLC Raises Position in Invesco QQQ $QQQ

Key Points

• Sax Wealth Advisors increased its Invesco QQQ position by 11.9% in the second quarter, adding 1,915 shares for a total of 17,948 shares valued at $13.2 million. Other investment firms also raised or initiated positions, with institutional investors holding 44.58% of QQQ.
• QQQ recently traded at $723.03, up 1.2%, with its price above both its 50-day and 200-day moving averages and near its 12-month high of $748.65.
• Invesco QQQ raised its quarterly dividend to $0.8135 per share from $0.73, equivalent to an annualized dividend of about $3.25 and a 0.5% yield.

Sax Wealth Advisors LLC increased its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 11.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,948 shares of the exchange traded fund's stock after purchasing an additional 1,915 shares during the quarter. Sax Wealth Advisors LLC's holdings in Invesco QQQ were worth $13,217,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Chemistry Wealth Management LLC grew its stake in shares of Invesco QQQ by 11.7% during the 2nd quarter. Chemistry Wealth Management LLC now owns 3,428 shares of the exchange traded fund's stock valued at $2,524,000 after acquiring an additional 360 shares during the period. Hennion & Walsh Asset Management Inc. bought a new stake in shares of Invesco QQQ during the 2nd quarter valued at $294,000. West Financial Advisors LLC lifted its stake in shares of Invesco QQQ by 4.3% during the 2nd quarter. West Financial Advisors LLC now owns 9,150 shares of the exchange traded fund's stock valued at $6,738,000 after buying an additional 377 shares in the last quarter. Strategic Point Investment Advisors LLC increased its stake in Invesco QQQ by 3.3% in the 2nd quarter. Strategic Point Investment Advisors LLC now owns 649 shares of the exchange traded fund's stock worth $478,000 after buying an additional 21 shares in the last quarter. Finally, Agate Pass Investment Management LLC raised its holdings in Invesco QQQ by 5.1% during the second quarter. Agate Pass Investment Management LLC now owns 1,296 shares of the exchange traded fund's stock valued at $954,000 after acquiring an additional 63 shares during the period. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Up 1.2%

NASDAQ:QQQ opened at $723.03 on Friday. The stock has a 50-day moving average price of $714.18 and a 200 day moving average price of $661.14. Invesco QQQ has a 12-month low of $555.60 and a 12-month high of $748.65.

Invesco QQQ Increases Dividend

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

Invesco QQQ News Roundup

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

• Positive Sentiment: Investors directed billions into broad U.S. equity ETFs and mega-cap technology leaders this week, signaling continued demand for the large Nasdaq-listed companies that heavily influence QQQ. Broad Market Momentum and Defensive Pivots: This Week's Top ETF Flows
• Positive Sentiment: A weaker-than-expected July employment report has reduced expectations for additional Fed rate hikes and increased hopes for easier monetary policy. Lower interest-rate expectations generally benefit growth and technology stocks by improving the value of future earnings. July Payrolls: Bad News Is Good Again
• Positive Sentiment: Nasdaq-focused ETFs and broader U.S. equity indicators advanced after midday, reinforcing the market’s current tech-led momentum and providing a favorable backdrop for QQQ. Exchange-Traded Funds Rise as US Equities Advance After Midday
• Neutral Sentiment: Analysts continue to debate whether the Nasdaq rally can extend through the second half of 2026. Potential catalysts include artificial-intelligence investment and easing financial conditions, while elevated valuations and earnings volatility remain key risks. A Guide to Nasdaq ETF Investing
• Negative Sentiment: Some investors are rotating defensively into ultra-short Treasuries, gold and healthcare, suggesting that geopolitical uncertainty and volatility are limiting broader risk appetite. A hotter-than-expected July CPI report could also revive inflation concerns and pressure high-growth technology valuations. July CPI Inflation Could Come in Hot

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.

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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