Kinetic Wealth Investment Advisors LLC Acquires Shares of 2,808 Invesco QQQ $QQQ

Kinetic Wealth Investment Advisors LLC bought a new position in Invesco QQQ (NASDAQ:QQQ) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,808 shares of the exchange traded fund’s stock, valued at approximately $2,068,000. Invesco QQQ makes up 1.0% of Kinetic Wealth Investment Advisors LLC’s holdings, making the stock its 20th largest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $25,000. Shcp LLC purchased a new position in shares of Invesco QQQ in the third quarter valued at $27,000. Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of Invesco QQQ by 2,150.0% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock valued at $28,000 after purchasing an additional 43 shares in the last quarter. Parvin Asset Management LLC bought a new stake in Invesco QQQ in the first quarter worth $28,000. Finally, High Point Wealth Management LLC increased its position in Invesco QQQ by 68.0% in the second quarter. High Point Wealth Management LLC now owns 42 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 17 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

More Invesco QQQ News

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

• Positive Sentiment: QQQ’s long-standing expense ratio was reduced after shareholders approved a structural change, improving the fund’s competitiveness against lower-cost Nasdaq-100 alternatives and potentially supporting future investor demand. QQQ Charged 0.20% for Years
• Positive Sentiment: Coverage highlighted that QQQ’s concentration in high-growth companies helped investors multiply their investment over the past decade, reinforcing the fund’s appeal despite its technology-sector concentration. This ETF Would Have Increased Your Investment by 6x
• Neutral Sentiment: Analysis of “Magnificent Seven” stocks produced mixed analyst views. Because these companies represent a significant portion of QQQ, their ratings remain an important driver of the ETF’s outlook. Analysis of Magnificent Seven Ratings
• Neutral Sentiment: Market volatility has increased even while the VIX remains relatively subdued, suggesting that investors may be underpricing the risk of sharper moves in growth-heavy funds such as QQQ. The VIX Is Playing Tricks
• Negative Sentiment: A hotter-than-expected CPI report could push the Federal Reserve toward a September rate hike. Higher interest rates typically pressure the elevated valuations of QQQ’s technology and other growth holdings. A Hot CPI Report May Force a September Rate Hike

Invesco QQQ Price Performance

Invesco QQQ stock opened at $718.96 on Tuesday. Invesco QQQ has a 52-week low of $555.60 and a 52-week high of $748.65. The firm’s fifty day moving average is $711.15 and its 200 day moving average is $676.63.

Invesco QQQ Increases Dividend

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

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.