Invesco QQQ $QQQ Shares Purchased by Cardinal Point Capital Management ULC

Cardinal Point Capital Management ULC raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 13.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,095 shares of the exchange traded fund’s stock after purchasing an additional 743 shares during the period. Cardinal Point Capital Management ULC’s holdings in Invesco QQQ were worth $3,518,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of QQQ. Carrera Capital Advisors grew its holdings in Invesco QQQ by 99.3% during the fourth quarter. Carrera Capital Advisors now owns 2,316 shares of the exchange traded fund’s stock worth $1,423,000 after acquiring an additional 1,154 shares during the period. Sovran Advisors LLC raised its holdings in shares of Invesco QQQ by 8.0% in the 4th quarter. Sovran Advisors LLC now owns 18,032 shares of the exchange traded fund’s stock worth $11,212,000 after purchasing an additional 1,340 shares in the last quarter. Corepath Wealth Partners LLC raised its holdings in shares of Invesco QQQ by 19.7% in the 4th quarter. Corepath Wealth Partners LLC now owns 8,723 shares of the exchange traded fund’s stock worth $5,471,000 after purchasing an additional 1,436 shares in the last quarter. Cane Capital Partners LLC acquired a new stake in Invesco QQQ during the fourth quarter valued at approximately $715,000. Finally, Mariner LLC lifted its stake in Invesco QQQ by 2.6% during the fourth quarter. Mariner LLC now owns 1,084,500 shares of the exchange traded fund’s stock valued at $666,226,000 after purchasing an additional 27,560 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $716.38 on Friday. Invesco QQQ has a 1-year low of $541.52 and a 1-year high of $748.65. The company has a 50 day moving average price of $703.61 and a 200 day moving average price of $642.34.

Invesco QQQ Increases Dividend

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

Key Stories Impacting Invesco QQQ

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

• Positive Sentiment: Market commentary highlighted that QQQ could benefit from continued strength in mega-cap tech and AI-linked stocks, with some analysts arguing the broader S&P 500 and Nasdaq rallies remain fundamentally supported.
• Positive Sentiment: Several articles pointed to QQQ’s appeal for options-income strategies, including covered calls and 0DTE premium collection, underscoring persistent investor demand for the ETF and its liquid options market. Article Title
• Positive Sentiment: One note said tech investors are looking to July as QQQ’s historical “juggernaut” month, reinforcing a seasonal bullish narrative for the ETF.
• Neutral Sentiment: Broader market coverage showed mixed U.S. equity performance intraday, with some ETFs rising while others fell, indicating a choppy backdrop rather than a clear macro catalyst. Article Title
• Neutral Sentiment: Coverage on QQQ’s short interest was not meaningful, with reported short interest at zero shares, offering no real bearish signal.
• Negative Sentiment: Recent market chatter also reflected caution around tech volatility, with some articles warning about an approaching peak in semiconductors and other “troubling trends” that could weigh on Nasdaq-heavy funds like QQQ.

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.