Calamos Wealth Management LLC Purchases 7,532 Shares of Invesco QQQ $QQQ

Calamos Wealth Management LLC increased its position in Invesco QQQ (NASDAQ:QQQ) by 62.9% in the first quarter, HoldingsChannel reports. The firm owned 19,510 shares of the exchange traded fund’s stock after purchasing an additional 7,532 shares during the quarter. Calamos Wealth Management LLC’s holdings in Invesco QQQ were worth $11,261,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. University of Texas Texas AM Investment Management Co. bought a new position in Invesco QQQ in the fourth quarter worth $25,000. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in shares of Invesco QQQ by 2,150.0% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock valued at $28,000 after buying an additional 43 shares in the last quarter. Shcp LLC bought a new stake in shares of Invesco QQQ during the 3rd quarter valued at $27,000. Rachor Investment Advisory Services LLC purchased a new stake in shares of Invesco QQQ in the 4th quarter worth about $29,000. Finally, Islay Capital Management LLC purchased a new stake in shares of Invesco QQQ in the 4th quarter worth about $32,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Down 1.9%

Shares of Invesco QQQ stock opened at $712.05 on Tuesday. Invesco QQQ has a 1 year low of $551.56 and a 1 year high of $748.65. The company has a 50-day moving average of $719.30 and a 200 day moving average of $650.91.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 22nd were issued a $0.8135 dividend. This represents a $3.25 dividend on an annualized basis and a yield of 0.5%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.73. The ex-dividend date was Monday, June 22nd.

Trending Headlines about Invesco QQQ

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

• Positive Sentiment: Articles highlighting the Nasdaq-100 / QQQ’s long-term edge versus income-focused ETFs may support demand for QQQ by reminding investors that covered-call strategies like JEPQ can lag a growth-heavy benchmark over time. Article Title
• Positive Sentiment: Coverage suggesting the AI trade is still strong could be supportive for QQQ, since the ETF is heavily weighted toward large-cap technology and AI-related names. Article Title
• Positive Sentiment: Discussion of SpaceX joining the Nasdaq-100 may be mildly supportive for QQQ because it reinforces the index’s exposure to high-profile growth companies, even if the initial weighting is expected to be limited. Article Title
• Neutral Sentiment: Reports that broader ETFs traded lower as U.S. equities declined point to a market-wide risk-off tone rather than anything specific to QQQ. Article Title
• Neutral Sentiment: Festival sponsorship news and general macro commentary are not likely to materially affect QQQ. Article Title
• Negative Sentiment: Broader market headlines about equity futures falling on geopolitical tension could weigh on QQQ because technology stocks tend to be sensitive to risk-off moves. Article Title
• Negative Sentiment: Articles warning that the credit market is flashing concern on AI stocks may create caution for QQQ, given its heavy exposure to mega-cap tech and AI beneficiaries. Article Title

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.