Talon Private Wealth LLC Purchases Shares of 1,408 Invesco QQQ $QQQ

Talon Private Wealth LLC acquired a new position in shares of Invesco QQQ (NASDAQ:QQQ) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,408 shares of the exchange traded fund’s stock, valued at approximately $813,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in QQQ. CAP Partners LLC raised its position in Invesco QQQ by 3.5% in the 1st quarter. CAP Partners LLC now owns 444 shares of the exchange traded fund’s stock valued at $256,000 after buying an additional 15 shares during the last quarter. Durante & Waters LLC lifted its stake in Invesco QQQ by 1.1% during the 1st quarter. Durante & Waters LLC now owns 1,425 shares of the exchange traded fund’s stock valued at $822,000 after acquiring an additional 15 shares in the last quarter. Forty three Eighteen Advisors LLC lifted its stake in Invesco QQQ by 0.6% during the 1st quarter. Forty three Eighteen Advisors LLC now owns 2,694 shares of the exchange traded fund’s stock valued at $1,555,000 after acquiring an additional 16 shares in the last quarter. Tenon Financial LLC boosted its holdings in Invesco QQQ by 2.2% during the 4th quarter. Tenon Financial LLC now owns 805 shares of the exchange traded fund’s stock worth $494,000 after acquiring an additional 17 shares during the last quarter. Finally, SJS Investment Consulting Inc. boosted its holdings in Invesco QQQ by 1.7% during the 4th quarter. SJS Investment Consulting Inc. now owns 1,017 shares of the exchange traded fund’s stock worth $625,000 after acquiring an additional 17 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Down 1.0%

NASDAQ QQQ opened at $675.49 on Wednesday. Invesco QQQ has a 1 year low of $551.68 and a 1 year high of $748.65. The company has a fifty day moving average price of $717.87 and a 200-day moving average price of $657.00.

Invesco QQQ Increases Dividend

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

Invesco QQQ News Summary

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

• Positive Sentiment: Wall Street’s rebound ahead of the FOMC meeting and Big Tech earnings could provide near-term support if the Fed avoids a rate increase and technology companies deliver strong results. Wall Street Rebounds Ahead of FOMC & Big Tech Earnings
• Positive Sentiment: Several reports remain constructive on the AI investment cycle, arguing that demand for data centers and AI infrastructure can support earnings growth and extend the broader bull market. Wall Street’s AI CapEx Concerns Overlook Demand-Supply Outlook
• Positive Sentiment: A bullish technical commentary highlighted QQQ’s bounce from a perceived support zone, while aggressive buying in Nvidia tied to a major OpenAI data-center project helped reinforce enthusiasm for key fund holdings. Aggressive Buying On Nvidia Backing Massive OpenAI Data Center

Invesco QQQ 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.