Invesco QQQ $QQQ Shares Acquired by Guidance Capital Inc.

Guidance Capital Inc. increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 5.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,166 shares of the exchange traded fund’s stock after purchasing an additional 742 shares during the quarter. Invesco QQQ makes up approximately 2.3% of Guidance Capital Inc.’s investment portfolio, making the stock its 9th largest position. Guidance Capital Inc.’s holdings in Invesco QQQ were worth $10,706,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in QQQ. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Invesco QQQ by 8.4% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 19,500 shares of the exchange traded fund’s stock worth $14,360,000 after buying an additional 1,511 shares in the last quarter. B.O.S.S. Retirement Advisors LLC lifted its stake in shares of Invesco QQQ by 4.0% in the second quarter. B.O.S.S. Retirement Advisors LLC now owns 1,016 shares of the exchange traded fund’s stock worth $748,000 after buying an additional 39 shares in the last quarter. Gibraltar Capital Management Inc. boosted its position in Invesco QQQ by 1.8% during the second quarter. Gibraltar Capital Management Inc. now owns 13,470 shares of the exchange traded fund’s stock worth $9,919,000 after acquiring an additional 240 shares during the last quarter. High Point Wealth Management LLC boosted its position in Invesco QQQ by 68.0% during the second quarter. High Point Wealth Management LLC now owns 42 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 17 shares during the last quarter. Finally, Covenant Asset Management LLC grew its stake in Invesco QQQ by 369.6% during the 2nd quarter. Covenant Asset Management LLC now owns 8,718 shares of the exchange traded fund’s stock valued at $6,420,000 after acquiring an additional 11,952 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $731.07 on Friday. Invesco QQQ has a twelve month low of $555.60 and a twelve month high of $748.65. The company’s 50-day moving average price is $713.13 and its 200-day moving average price is $664.89.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 22nd were paid a $0.8135 dividend. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $3.25 annualized dividend and a dividend yield of 0.4%.

Trending Headlines about Invesco QQQ

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

• Positive Sentiment: Cooling inflation and weaker labor-market data have reduced expectations for additional Federal Reserve rate hikes. Lower-rate expectations generally support QQQ’s technology and other growth-oriented holdings by improving the outlook for future earnings valuations. However, geopolitical risks around the Strait of Hormuz could keep oil prices and inflation volatile. Cooling Inflation Likely to Aid These ETF Areas
• Positive Sentiment: Exchange-traded funds were broadly higher before Friday’s opening, with investors awaiting retail-sales data. A constructive broader-market tone provided some support for QQQ, although mixed equity futures limited the follow-through. Exchange-Traded Funds Higher, Equity Futures Mixed Pre-Bell Friday Amid Retail Sales Data
• Positive Sentiment: Potential large technology IPOs, including Anthropic, could add another high-profile growth company to the Nasdaq ecosystem and potentially reinforce investor interest in technology-focused funds. Any direct benefit to QQQ would depend on the company’s eventual listing and index eligibility. Millions of 401(k) Holders Could Be Forced to Buy Anthropic Stock
• Neutral Sentiment: Investor sentiment is mixed: cooling inflation supports equities, but a historically elevated CAPE ratio and concerns about credit-market stress suggest that QQQ’s strong rally has left it vulnerable to volatility and profit-taking. What An All-Time High CAPE Ratio Implies for Investors
• Negative Sentiment: Investor Michael Burry has increased his bearish position against the QQQ ETF despite losses. The trade does not change the fund’s holdings, but it highlights skepticism about elevated technology valuations and may weigh on sentiment. Michael Burry Ramped Up His Bets Against Micron and the QQQ ETF

Invesco QQQ Company 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.