Eagle Bay Advisors LLC Boosts Holdings in Invesco QQQ $QQQ

Eagle Bay Advisors LLC increased its holdings in Invesco QQQ (NASDAQ:QQQ) by 165.3% during the 1st quarter, HoldingsChannel reports. The fund owned 2,600 shares of the exchange traded fund’s stock after acquiring an additional 1,620 shares during the quarter. Invesco QQQ comprises approximately 1.3% of Eagle Bay Advisors LLC’s investment portfolio, making the stock its 18th largest holding. Eagle Bay Advisors LLC’s holdings in Invesco QQQ were worth $1,501,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Stevens Capital Partners boosted its stake in Invesco QQQ by 2.4% during the 1st quarter. Stevens Capital Partners now owns 955 shares of the exchange traded fund’s stock valued at $551,000 after purchasing an additional 22 shares in the last quarter. Clarity Wealth Advisors LLC boosted its stake in Invesco QQQ by 0.3% in the 1st quarter. Clarity Wealth Advisors LLC now owns 54,558 shares of the exchange traded fund’s stock worth $31,490,000 after purchasing an additional 170 shares during the period. Heritage Investors Management Corp grew its holdings in shares of Invesco QQQ by 0.5% during the first quarter. Heritage Investors Management Corp now owns 4,057 shares of the exchange traded fund’s stock valued at $2,342,000 after buying an additional 21 shares in the last quarter. Physician Wealth Advisors Inc. grew its stake in Invesco QQQ by 2.1% during the 1st quarter. Physician Wealth Advisors Inc. now owns 4,742 shares of the exchange traded fund’s stock valued at $2,737,000 after acquiring an additional 97 shares in the last quarter. Finally, Able Wealth Management LLC increased its stake in Invesco QQQ by 6.8% in the 1st quarter. Able Wealth Management LLC now owns 963 shares of the exchange traded fund’s stock valued at $556,000 after buying an additional 61 shares during the period. Institutional investors own 44.58% of the company’s stock.

Trending Headlines about Invesco QQQ

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

• Positive Sentiment: The June jobs reports and related commentary point to softer hiring, which could reduce pressure on the Federal Reserve to stay hawkish and support growth stocks like QQQ’s heavy tech holdings. BLS Jobs Report: +57K, Half Expectations
• Positive Sentiment: Several articles argue that cooler labor-market data is already cooling rate-hike talk, which tends to help long-duration assets and growth ETFs such as QQQ. U.S. Rate Hike Talk Cools On Softer Jobs Data
• Positive Sentiment: Despite recent AI worries, some coverage says the semiconductor rotation and broader Nasdaq strength still look intact, which is supportive for QQQ’s top holdings. The Rotation Is Turning On Semiconductors
• Neutral Sentiment: Market commentary shows a split tape, with ETFs and U.S. equities mixed after midday and investors waiting for more clarity on growth and rates. Exchange-Traded Funds Fall, US Equities Mixed After Midday
• Neutral Sentiment: There is also a steady stream of cautious AI commentary, including warnings about a possible bubble and heavy capex, but other articles push back and say those concerns may be overstated. Michael Burry’s newest short reveals what really worries him about AI
• Negative Sentiment: Articles highlighting a sharp drop in the Magnificent 7’s market value and “AI bubble” fears could weigh on QQQ because the fund is heavily exposed to mega-cap tech. The Mag 7 Just Lost $2.3 Trillion in a Single Month. Here’s the AI Fear Behind It
• Negative Sentiment: One piece also warns that QQQ investors may be paying up for a fee structure that lags a cheaper sibling ETF, which is a longer-term headwind for fund flows. With the SpaceX IPO Reshaping the Nasdaq, Is QQQ Still a Smart Investment Right Now?

Invesco QQQ Trading Down 1.6%

Shares of Invesco QQQ stock opened at $713.61 on Friday. The stock has a 50-day simple moving average of $711.37 and a 200-day simple moving average of $645.79. Invesco QQQ has a 52-week low of $549.58 and a 52-week high of $748.65.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 22nd will be given a $0.8135 dividend. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.73. This represents a $3.25 annualized dividend and a yield of 0.5%. 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.