Seamount Financial Group Inc. Acquires 1,949 Shares of Invesco QQQ $QQQ

Key Points

• Seamount Financial Group increased its Invesco QQQ stake by 24.9% in the second quarter, purchasing 1,949 additional shares for a total of 9,771 shares valued at approximately $7.2 million.
• Institutional investors and hedge funds own 44.58% of QQQ, with several firms adding or initiating positions during the first and second quarters.
• QQQ faces mixed market forces: AI-driven spending may support Nasdaq-100 earnings, while elevated Treasury yields, hawkish Federal Reserve expectations, and broader equity declines weigh on high-valuation technology stocks.

Seamount Financial Group Inc. raised its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 24.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,771 shares of the exchange traded fund's stock after buying an additional 1,949 shares during the period. Invesco QQQ makes up about 2.9% of Seamount Financial Group Inc.'s investment portfolio, making the stock its 8th largest holding. Seamount Financial Group Inc.'s holdings in Invesco QQQ were worth $7,195,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Carrera Capital Advisors raised its position in Invesco QQQ by 99.3% during the fourth quarter. Carrera Capital Advisors now owns 2,316 shares of the exchange traded fund's stock valued at $1,423,000 after buying an additional 1,154 shares during the period. Flatrock Wealth Partners LLC purchased a new stake in shares of Invesco QQQ in the first quarter worth approximately $924,000. Hegarty Advisors LLC purchased a new stake in shares of Invesco QQQ in the first quarter worth approximately $2,212,000. Ascension Capital Advisors Inc. boosted its holdings in shares of Invesco QQQ by 643.8% during the first quarter. Ascension Capital Advisors Inc. now owns 3,094 shares of the exchange traded fund's stock worth $1,786,000 after purchasing an additional 2,678 shares during the period. Finally, Asset Allocation Strategies LLC acquired a new stake in shares of Invesco QQQ during the 1st quarter valued at $18,142,000. Institutional investors and hedge funds own 44.58% of the company's stock.

More Invesco QQQ News

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

• Positive Sentiment: Investors continue to focus on artificial intelligence as a potential contributor to U.S. economic growth. Continued AI-related capital spending could support the earnings outlook for several large Nasdaq-100 constituents, including major semiconductor and cloud companies. How Much Is AI Contributing To U.S. Economic Growth?
• Positive Sentiment: QQQ had shown some recovery after an earlier selloff, indicating that investors were still willing to buy technology stocks on weakness. However, the rebound has not overcome broader rate and valuation concerns. QQQ ETF – Invesco QQQ Trust Trends Higher after Tuesday’s Slump
• Neutral Sentiment: Goldman Sachs agreed to acquire NEOS Investments, the issuer of the Nasdaq-100 High Income ETF. The transaction does not directly change QQQ’s holdings, but it highlights continued institutional demand for products tied to the Nasdaq-100 ecosystem. Goldman Sachs Just Paid $2.25 Billion for the Family Behind Your 14% Income Fund
• Negative Sentiment: Broad exchange-traded funds and U.S. equities declined during the session, creating direct selling pressure for QQQ and its large-cap technology holdings. Exchange-Traded Funds Fall as US Equities Decline After Midday
• Negative Sentiment: The 30-year Treasury yield reached its highest level since 2007 amid deficit and AI-spending concerns. Higher long-term yields reduce the relative appeal of high-valuation growth stocks and increase the discount rate applied to future technology earnings. 30-Year Treasury Yield Hits Highest Level Since 2007 as AI Spending and Deficits Collide
• Negative Sentiment: Federal Reserve meeting minutes were viewed as somewhat hawkish, reducing expectations for near-term monetary easing. The resulting pressure on interest-rate-sensitive stocks is particularly relevant for QQQ. Fed Minutes Lean Hawkish, But We Don't Expect A Hike
• Negative Sentiment: Technical commentary noted that QQQ “gamma flipped,” potentially forcing market makers to sell as prices declined and amplifying short-term volatility. QQQ just gamma flipped

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $710.93 on Friday. Invesco QQQ has a 12 month low of $555.60 and a 12 month high of $748.65. The company's fifty day simple moving average is $713.92 and its 200-day simple moving average is $667.70.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.5%.

Invesco QQQ Company 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.

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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