Montag A & Associates Inc. Has $5.56 Million Position in Invesco QQQ $QQQ

Montag A & Associates Inc. grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 12.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,639 shares of the exchange traded fund’s stock after purchasing an additional 1,083 shares during the period. Montag A & Associates Inc.’s holdings in Invesco QQQ were worth $5,563,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of QQQ. Well Done LLC lifted its stake in Invesco QQQ by 0.5% in the 4th quarter. Well Done LLC now owns 3,439 shares of the exchange traded fund’s stock worth $2,113,000 after acquiring an additional 16 shares in the last quarter. Tenon Financial LLC increased its holdings in shares of Invesco QQQ by 2.2% in the 4th quarter. Tenon Financial LLC now owns 805 shares of the exchange traded fund’s stock valued at $494,000 after purchasing an additional 17 shares during the period. SJS Investment Consulting Inc. lifted its position in shares of Invesco QQQ by 1.7% in the fourth quarter. SJS Investment Consulting Inc. now owns 1,017 shares of the exchange traded fund’s stock worth $625,000 after purchasing an additional 17 shares in the last quarter. Cascade Investment Group Inc. boosted its holdings in shares of Invesco QQQ by 4.6% during the fourth quarter. Cascade Investment Group Inc. now owns 388 shares of the exchange traded fund’s stock worth $238,000 after purchasing an additional 17 shares during the period. Finally, Keeler & Nadler Financial Planning & Wealth Management boosted its holdings in shares of Invesco QQQ by 3.0% during the fourth quarter. Keeler & Nadler Financial Planning & Wealth Management now owns 576 shares of the exchange traded fund’s stock worth $354,000 after purchasing an additional 17 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Key Headlines Impacting Invesco QQQ

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

• Positive Sentiment: SpaceX’s addition to the Nasdaq-100 could boost passive index inflows and highlights the continued appetite for high-growth names inside QQQ. Invesco QQQ investors will gain indirect exposure to SpaceX through the index. Article Title
• Positive Sentiment: Several articles note that SpaceX’s Nasdaq-100 inclusion should trigger buying from funds that track the index, which can create a short-term tailwind for QQQ as index rebalancing flows come in. Article Title
• Positive Sentiment: Analysts reportedly see strong upside in SpaceX, and broader enthusiasm around major AI and tech names may support sentiment for Nasdaq-linked ETFs like QQQ. Article Title
• Neutral Sentiment: BlackRock is launching a cheaper Nasdaq-100 ETF, which could increase competition for QQQ over time, though the immediate impact is likely limited. Article Title
• Negative Sentiment: Broad market weakness hit Nasdaq futures and tech shares as higher yields and oil prices pressured growth stocks, a headwind for QQQ’s heavy exposure to megacap technology. Article Title
• Negative Sentiment: Technical analysts warned the Nasdaq-100 may be forming a reversal pattern, with one article calling out a potential “diamond top” in QQQ, which could weigh on momentum traders. Article Title
• Negative Sentiment: Commentary about the AI trade being “overheated” and warnings about a possible bubble in growth stocks may add to selling pressure in QQQ’s largest holdings. Article Title

Invesco QQQ Stock Down 1.9%

Shares of QQQ opened at $709.43 on Wednesday. The company’s 50 day moving average price is $714.87 and its 200 day moving average price is $648.06. Invesco QQQ has a 52 week low of $551.10 and a 52 week high of $748.65.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, June 22nd will be paid a $0.8135 dividend. This represents a $3.25 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend is Monday, June 22nd.

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.