Invesco QQQ $QQQ Shares Purchased by Invictus Private Wealth LLC

Invictus Private Wealth LLC boosted its stake in Invesco QQQ (NASDAQ:QQQ) by 0.3% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 364,743 shares of the exchange traded fund’s stock after buying an additional 1,053 shares during the quarter. Invesco QQQ makes up about 14.4% of Invictus Private Wealth LLC’s holdings, making the stock its 3rd biggest position. Invictus Private Wealth LLC owned about 0.06% of Invesco QQQ worth $268,597,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of QQQ. Carrera Capital Advisors boosted its stake in shares of Invesco QQQ by 99.3% during the 4th quarter. Carrera Capital Advisors now owns 2,316 shares of the exchange traded fund’s stock worth $1,423,000 after purchasing an additional 1,154 shares during the last quarter. Flatrock Wealth Partners LLC purchased a new stake in shares of Invesco QQQ during the first quarter worth about $924,000. Hegarty Advisors LLC purchased a new stake in shares of Invesco QQQ during the first quarter worth about $2,212,000. Ascension Capital Advisors Inc. raised its position in shares of Invesco QQQ by 643.8% in the first quarter. Ascension Capital Advisors Inc. now owns 3,094 shares of the exchange traded fund’s stock valued at $1,786,000 after buying an additional 2,678 shares during the last quarter. Finally, Asset Allocation Strategies LLC acquired a new position in shares of Invesco QQQ in the first quarter valued at approximately $18,142,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ News Roundup

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

• Positive Sentiment: U.S. equities and exchange-traded funds advanced after midday, providing a favorable backdrop for QQQ’s Nasdaq-100 holdings. Exchange-Traded Funds Rise as US Equities Advance After Midday
• Positive Sentiment: An analysis describing a relatively inexpensive way to own artificial-intelligence exposure may reinforce demand for established technology companies represented heavily in QQQ. The Boring Way To Own AI Is Now The Cheap Way
• Positive Sentiment: Technical market commentary identified key support and resistance levels for QQQ and major holdings including Apple, Microsoft, Nvidia, Alphabet, Meta and Tesla, potentially encouraging dip-buying if support holds. How To Trade SPY, QQQ And 6 Mega Caps
• Neutral Sentiment: Market coverage said stocks were attempting to rebound while yields moved higher, leaving QQQ caught between improving risk appetite and pressure from higher borrowing costs. Markets Try To Bounce Back As Yields Head Higher
• Neutral Sentiment: Debate over Treasury policy, inflation, monetary support and U.S. market leadership is adding uncertainty to the interest-rate outlook, an important driver of growth-stock valuations. War, Inflation, And The Battle For Market Leadership
• Negative Sentiment: Credit-market risks may be underappreciated by AI-focused stocks, raising concerns about concentrated valuations and potential volatility among QQQ’s technology holdings. AI Stocks May Be Ignoring A Growing Risk Seen In Credit Markets
• Negative Sentiment: A hawkish interpretation of Federal Reserve minutes and the recent bond selloff could keep interest rates elevated, which generally weighs on high-growth technology stocks. Fed Minutes Lean Hawkish, But We Don’t Expect A Hike

Invesco QQQ Price Performance

Shares of QQQ opened at $713.44 on Friday. Invesco QQQ has a 1 year low of $555.60 and a 1 year high of $748.65. The company’s 50 day simple moving average is $713.76 and its 200 day simple moving average is $668.02.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders 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 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.

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.