Solidarity Wealth LLC Increases Stock Holdings in Invesco QQQ $QQQ

Solidarity Wealth LLC increased its holdings in Invesco QQQ (NASDAQ:QQQ) by 389.4% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 28,253 shares of the exchange traded fund’s stock after purchasing an additional 22,480 shares during the period. Invesco QQQ comprises about 3.6% of Solidarity Wealth LLC’s portfolio, making the stock its 10th largest holding. Solidarity Wealth LLC’s holdings in Invesco QQQ were worth $20,806,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Flatrock Wealth Partners LLC purchased a new stake in shares of Invesco QQQ in the first quarter worth $924,000. Hegarty Advisors LLC bought a new position in Invesco QQQ in the 1st quarter worth $2,212,000. Ascension Capital Advisors Inc. increased its stake in Invesco QQQ by 643.8% in the 1st quarter. Ascension Capital Advisors Inc. now owns 3,094 shares of the exchange traded fund’s stock worth $1,786,000 after buying an additional 2,678 shares in the last quarter. Asset Allocation Strategies LLC bought a new stake in Invesco QQQ during the first quarter valued at about $18,142,000. Finally, Mariner LLC raised its holdings 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 acquiring an additional 27,560 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.6%

NASDAQ QQQ opened at $716.43 on Friday. Invesco QQQ has a twelve month low of $555.60 and a twelve month high of $748.65. The business has a 50-day moving average price of $711.53 and a 200-day moving average price of $671.59.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 22nd were issued a dividend of $0.8135 per share. This is an increase 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 dividend on an annualized basis and a yield of 0.5%.

More Invesco QQQ News

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

• Positive Sentiment: Nvidia’s robust results support QQQ: Strong results from Nvidia helped lift the Nasdaq-100 and S&P 500, reinforcing investor confidence in AI-related growth stocks that represent a significant portion of QQQ. Nvidia’s Robust Results Power Nasdaq, S&P 500 Index
• Positive Sentiment: AI productivity optimism remains a tailwind: Commentary that artificial intelligence could improve productivity and is helping support the U.S. economy favors QQQ’s large technology and semiconductor holdings. I’m Still Betting On AI Productivity
• Positive Sentiment: QQQ was highlighted as an investment idea: Zacks featured QQQ alongside Nvidia and several AI, data-center and cryptocurrency-related companies, keeping attention focused on the ETF’s growth-oriented exposure. Zacks Investment Ideas feature highlights
• Neutral Sentiment: Technical conditions remain constructive but selective: An analysis of SPY and QQQ described market conditions as stable enough for selective leverage, while emphasizing disciplined entry and exit rules. This supports sentiment but is not a direct fundamental catalyst. SPY And QQQ: Stable Still Supports Selective Leverage
• Negative Sentiment: Broad-market weakness is pressuring the ETF: Exchange-traded funds and U.S. equities were mixed to lower in afternoon trading, indicating that the broader risk-off tone is weighing on QQQ despite its technology exposure. Exchange-Traded Funds Fall, US Equities Mixed After Midday
• Negative Sentiment: Inflation and Federal Reserve uncertainty remain risks: Core PCE inflation held at 3.3% in July, while commentary warned that stalled disinflation leaves the Fed with less room for error. Higher-for-longer rates could weigh disproportionately on QQQ’s high-growth constituents. Core PCE Inflation At 3.3% In July

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.