Quantum Financial Partners LLC Invests $6.48 Million in Invesco QQQ $QQQ

Quantum Financial Partners LLC acquired a new position in shares of Invesco QQQ (NASDAQ:QQQ) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 8,797 shares of the exchange traded fund’s stock, valued at approximately $6,478,000. Invesco QQQ makes up approximately 3.3% of Quantum Financial Partners LLC’s portfolio, making the stock its 11th largest holding.

Several other hedge funds and other institutional investors have also modified their holdings of QQQ. Guidance Capital Inc. increased its position in Invesco QQQ by 5.1% in the 2nd quarter. Guidance Capital Inc. now owns 15,166 shares of the exchange traded fund’s stock worth $10,706,000 after purchasing an additional 742 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of Invesco QQQ by 8.4% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 19,500 shares of the exchange traded fund’s stock valued at $14,360,000 after buying an additional 1,511 shares in the last quarter. B.O.S.S. Retirement Advisors LLC grew its stake in shares of Invesco QQQ by 4.0% in the 2nd quarter. B.O.S.S. Retirement Advisors LLC now owns 1,016 shares of the exchange traded fund’s stock valued at $748,000 after buying an additional 39 shares in the last quarter. Gibraltar Capital Management Inc. increased its holdings in Invesco QQQ by 1.8% in the second quarter. Gibraltar Capital Management Inc. now owns 13,470 shares of the exchange traded fund’s stock worth $9,919,000 after buying an additional 240 shares during the last quarter. Finally, High Point Wealth Management LLC increased its holdings in Invesco QQQ by 68.0% in the second quarter. High Point Wealth Management LLC now owns 42 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 17 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 0.1%

Shares of QQQ opened at $731.07 on Friday. The firm’s 50 day moving average price is $713.13 and its 200 day moving average price is $664.89. Invesco QQQ has a twelve month low of $555.60 and a twelve month high of $748.65.

Invesco QQQ Increases Dividend

The firm 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 positive change from Invesco QQQ’s previous quarterly dividend of $0.73. The ex-dividend date was Monday, June 22nd. This represents a $3.25 annualized dividend and a dividend yield of 0.4%.

Key Headlines Impacting Invesco QQQ

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

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.