Warren Street Wealth Advisors LLC Invests $6.09 Million in Invesco QQQ $QQQ

Warren Street Wealth Advisors LLC purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 10,556 shares of the exchange traded fund’s stock, valued at approximately $6,092,000. Invesco QQQ makes up 1.6% of Warren Street Wealth Advisors LLC’s investment portfolio, making the stock its 18th largest position.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in QQQ. Bank of America Corp DE increased its holdings in Invesco QQQ by 381.0% during the 4th quarter. Bank of America Corp DE now owns 19,547,552 shares of the exchange traded fund’s stock worth $12,008,257,000 after purchasing an additional 26,505,055 shares during the last quarter. Corient Private Wealth LLC boosted its stake in shares of Invesco QQQ by 3,567.7% during the 4th quarter. Corient Private Wealth LLC now owns 21,436,917 shares of the exchange traded fund’s stock valued at $13,168,912,000 after buying an additional 20,852,432 shares during the last quarter. Delta Global Management LP acquired a new stake in shares of Invesco QQQ during the fourth quarter worth approximately $821,084,000. Align Financial LLC acquired a new stake in shares of Invesco QQQ during the fourth quarter worth approximately $78,118,000. Finally, SG Americas Securities LLC increased its stake in shares of Invesco QQQ by 120.2% in the fourth quarter. SG Americas Securities LLC now owns 213,722 shares of the exchange traded fund’s stock worth $131,292,000 after buying an additional 1,270,102 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Key Invesco QQQ News

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

• Positive Sentiment: Articles highlighting strong earnings growth and continued demand for Nasdaq-100 names support the case for QQQ’s long-term performance, especially if big tech fundamentals remain intact.
• Positive Sentiment: The Nasdaq-100’s June rebalance and new index additions can keep passive inflows flowing into QQQ, helping reinforce demand for the ETF. The Qs Shift Gears: Nasdaq 100 Rebalances While SpaceX Looms
• Neutral Sentiment: Several pieces compare QQQ with QQQM and SPY, but these are mostly portfolio-structure and fee discussions rather than direct drivers of near-term performance. QQQ vs QQQM: Same Nasdaq-100 Index, One Clear Winner for Long-Term Investors
• Neutral Sentiment: Macro articles on inflation, Fed policy, GDP, and Iran peace talks signal a risk-on/risk-off backdrop that is influencing QQQ, but they do not point to a single ETF-specific event. Thursday’s Hot Inflation Print Could Scare A Lot Of People Into The Wrong Trade
• Negative Sentiment: Comments that a hotter inflation print and a hawkish Fed could hurt growth stocks are a headwind for QQQ, which is heavily weighted toward rate-sensitive technology names.
• Negative Sentiment: A bearish take on QQQ’s AI exposure suggests the market may be too optimistic about the durability of the megacap tech growth trade. QQQ: The AI Business Model Is Likely Collapsing

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $737.95 on Tuesday. The stock’s 50 day moving average price is $697.96 and its two-hundred day moving average price is $640.45. Invesco QQQ has a 52-week low of $523.65 and a 52-week high of $748.65.

Invesco QQQ Increases Dividend

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

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.