Kickstand Ventures LLC. Has $10.53 Million Holdings in Invesco QQQ $QQQ

Kickstand Ventures LLC. trimmed its position in Invesco QQQ (NASDAQ:QQQ) by 7.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 14,301 shares of the exchange traded fund’s stock after selling 1,144 shares during the period. Invesco QQQ accounts for approximately 1.9% of Kickstand Ventures LLC.’s investment portfolio, making the stock its 16th biggest position. Kickstand Ventures LLC.’s holdings in Invesco QQQ were worth $10,531,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of QQQ. John A. Wolfe & Associates Inc. increased its holdings in Invesco QQQ by 4.9% in the 2nd quarter. John A. Wolfe & Associates Inc. now owns 2,973 shares of the exchange traded fund’s stock worth $2,189,000 after purchasing an additional 140 shares in the last quarter. Planning Center Inc. acquired a new stake in shares of Invesco QQQ during the second quarter valued at about $344,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Invesco QQQ by 394.3% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 81,507 shares of the exchange traded fund’s stock worth $60,022,000 after purchasing an additional 65,016 shares during the last quarter. Sovran Advisors LLC grew its holdings in shares of Invesco QQQ by 1.5% during the second quarter. Sovran Advisors LLC now owns 19,076 shares of the exchange traded fund’s stock worth $14,048,000 after purchasing an additional 274 shares during the last quarter. Finally, Catalyst Financial Partners LLC increased its stake in shares of Invesco QQQ by 47.2% in the second quarter. Catalyst Financial Partners LLC now owns 1,697 shares of the exchange traded fund’s stock valued at $1,250,000 after buying an additional 544 shares during the period. Institutional investors own 44.58% of the company’s stock.

Key Stories Impacting Invesco QQQ

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

• Positive Sentiment: Technology stocks benefited early in the session as chip shares recovered and equity futures moved higher. Because QQQ is heavily weighted toward large-cap technology companies, improved semiconductor sentiment and expectations surrounding upcoming Nvidia results provided support. Exchange-Traded Funds, Equity Futures Higher Pre-Bell Tuesday as Chip Stocks Recover
• Positive Sentiment: Investor interest in AI infrastructure remains a tailwind for QQQ’s underlying holdings. A newly launched “neocloud” ETF highlights strong demand for companies supplying AI computing capacity, while QQQ provides indirect exposure through major technology companies that purchase and use that infrastructure. Wall Street Just Invented the Neocloud ETF
• Neutral Sentiment: QQQ’s short-interest data showed no meaningful short position, indicating that short covering is unlikely to be a material driver of the fund’s recent move.
• Neutral Sentiment: Technical analysis identifies substantial support near 700, which could help limit downside, but also notes that QQQ remains in a negative-gamma regime that may amplify volatility around key levels. QQQ is Still in a Negative Gamma Regime
• Negative Sentiment: Broad-market ETFs declined after midday, suggesting that profit-taking and macroeconomic caution overshadowed the earlier technology rebound. Exchange-Traded Funds Fall as US Equities Decline After Midday
• Negative Sentiment: Investors are awaiting inflation data, including the PCE price index. A hotter-than-expected reading could push interest rates higher, pressure high-growth technology valuations, and weigh on QQQ. Concerns about elevated government debt and concentrated earnings growth add to the risk backdrop.

Invesco QQQ Trading Up 0.1%

Shares of NASDAQ QQQ opened at $711.37 on Thursday. The company has a 50 day simple moving average of $712.40 and a 200 day simple moving average of $670.49. Invesco QQQ has a 1 year low of $555.60 and a 1 year high of $748.65.

Invesco QQQ Increases Dividend

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

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.