Fulton Bank N.A. Has $6.47 Million Stock Position in Invesco QQQ $QQQ

Fulton Bank N.A. boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 21.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,780 shares of the exchange traded fund’s stock after purchasing an additional 1,541 shares during the period. Fulton Bank N.A.’s holdings in Invesco QQQ were worth $6,466,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Brighton Jones LLC grew its stake in shares of Invesco QQQ by 15.0% in the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after buying an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC raised its position in Invesco QQQ by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after acquiring an additional 176 shares in the last quarter. Jupiter Wealth Management LLC acquired a new stake in Invesco QQQ in the second quarter valued at $290,000. Wealth Group Ltd. lifted its stake in Invesco QQQ by 283.7% in the second quarter. Wealth Group Ltd. now owns 24,629 shares of the exchange traded fund’s stock valued at $13,587,000 after acquiring an additional 18,210 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in Invesco QQQ by 1,057.3% during the second quarter. Invesco Ltd. now owns 33,063 shares of the exchange traded fund’s stock worth $18,239,000 after purchasing an additional 30,206 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Down 0.3%

Shares of NASDAQ QQQ opened at $720.87 on Tuesday. The stock has a 50 day moving average of $713.75 and a 200-day moving average of $662.21. Invesco QQQ has a 12 month low of $555.60 and a 12 month high of $748.65.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 22nd were issued a dividend of $0.8135 per share. This represents a $3.25 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, June 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.73.

Key Headlines Impacting Invesco QQQ

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

• Positive Sentiment: QQQ attracted approximately $10.2 billion in inflows last week, making it the leading recipient among U.S.-listed ETFs. The shift into QQQ came as investors took profits from semiconductor funds, signaling continued preference for diversified large-cap technology exposure. Semiconductor ETFs See Profit-Taking as Investors Pile Into QQQ
• Positive Sentiment: Market breadth within the Nasdaq-100 improved to its strongest level in more than a year, with about 70% of QQQ holdings trading above their 200-day moving averages. Broad participation can make the technology-led rally more durable than a narrow advance concentrated in a few mega-cap stocks. Nasdaq 100 Breadth Hits Its Strongest Level in Over a Year
• Positive Sentiment: Analysts cited historical momentum, potentially easier Federal Reserve policy and earnings strength from market leaders as reasons the broader technology market could move higher, providing a favorable backdrop for QQQ. Why Momentum, Fed Liquidity, & Tech Beats Signal More Upside
• Neutral Sentiment: Commentary on Nasdaq investing identifies continued technology leadership and earnings as potential catalysts, but also highlights interest-rate, valuation and concentration risks for QQQ investors. A Guide to Nasdaq ETF Investing
• Negative Sentiment: QQQ charges roughly 0.20% annually, versus about 0.15% for the nearly identical QQQM fund. The fee gap could encourage cost-sensitive investors to favor QQQM, creating a competitive disadvantage for QQQ over time. Same 100 Stocks, Different Price
• Negative Sentiment: Potentially higher inflation and interest rates could pressure high-growth technology valuations, while other market commentary warns that stocks may have already advanced too quickly. These risks could explain why QQQ has recently traded lower despite strong fund flows. The July CPI Report May Reveal Why Rates Are Headed Even Higher

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.