Tucker Asset Management LLC Raises Stock Holdings in Invesco QQQ $QQQ

Key Points

• Tucker Asset Management increased its Invesco QQQ stake by 29.2% in the second quarter, bringing its holdings to 59,535 shares valued at approximately $43.8 million. QQQ now represents 10.8% of the firm’s portfolio and its second-largest position.
• Institutional ownership remains substantial at 44.58%, with several major investors—including Bank of America and Corient Private Wealth—also significantly increasing their positions.
• QQQ opened at $718.96, near its 12-month high of $748.65, while its quarterly dividend rose to $0.8135 per share, or about $3.25 annualized. Growth stocks in the ETF could nevertheless face pressure from higher interest rates, rising Treasury yields and concerns over AI-related profit margins.

Tucker Asset Management LLC boosted its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 29.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 59,535 shares of the exchange traded fund's stock after purchasing an additional 13,469 shares during the quarter. Invesco QQQ comprises 10.8% of Tucker Asset Management LLC's investment portfolio, making the stock its 2nd biggest position. Tucker Asset Management LLC's holdings in Invesco QQQ were worth $43,842,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Bank of America Corp DE lifted its position in shares of 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. Corient Private Wealth LLC boosted its stake in Invesco QQQ by 3,567.7% in the fourth 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 buying an additional 20,852,432 shares in the last quarter. Delta Global Management LP bought a new position in Invesco QQQ in the fourth quarter valued at about $821,084,000. Align Financial LLC bought a new position in Invesco QQQ in the fourth quarter valued at about $78,118,000. Finally, Bank of Montreal Can raised its stake in Invesco QQQ by 142.4% during the fourth quarter. Bank of Montreal Can now owns 1,431,050 shares of the exchange traded fund's stock worth $877,406,000 after acquiring an additional 840,803 shares in the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

QQQ stock opened at $718.96 on Monday. Invesco QQQ has a 12 month low of $555.60 and a 12 month high of $748.65. The firm has a 50-day moving average price of $711.26 and a 200-day moving average price of $675.80.

Invesco QQQ Increases Dividend

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

Key Headlines Impacting Invesco QQQ

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

• Positive Sentiment: QQQ benefited from relative strength in the Nasdaq-100, while investor sentiment toward QQQ turned bullish ahead of the latest labor-market data. QQQ ETF edges higher as Nasdaq-100 outperforms
• Positive Sentiment: The August jobs report reportedly exceeded expectations, easing immediate concerns about a weakening labor market and supporting the “soft landing” or “Goldilocks” case for equities. That backdrop can help growth-focused technology stocks held by QQQ. Exchange-Traded Funds Higher, Equity Futures Mixed Pre-Bell Friday After August Jobs Report Tops Estimates
• Positive Sentiment: Analysts highlighted broad second-quarter earnings strength and a possible new capital-formation cycle, both of which could support continued demand for large-cap technology and artificial-intelligence companies represented in the Nasdaq-100. Second Quarter Earnings Show Breadth
• Neutral Sentiment: Trading was mixed across major ETFs, with some broad-market funds advancing and others declining. This suggests QQQ’s gains were driven more by Nasdaq-100 leadership than by a uniformly strong market. Exchange-Traded Funds Mixed, US Equities Lower After Midday
• Negative Sentiment: Investors are also weighing the possibility that resilient hiring and a separate report describing hot August inflation could delay rate cuts or even prompt a Federal Reserve hike. Higher interest rates generally pressure the long-duration growth stocks that dominate QQQ. Why The Fed Might Hike Rates After A Red-Hot August Inflation Report
• Negative Sentiment: Concerns that rising long-term Treasury yields could reflect inflation, fiscal pressure, or other structural risks create an additional valuation headwind for QQQ. Benign Or Malign? Reasons For The Rise In Long-Term U.S. Interest Rates
• Negative Sentiment: Profit-margin concerns surrounding the artificial-intelligence boom could weigh on several major QQQ holdings if heavy infrastructure spending fails to generate sufficient returns. The AI Boom Is Eating Its Own Margins

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.

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