Interactive Financial Advisors Inc. grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 6.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,656 shares of the exchange traded fund’s stock after buying an additional 785 shares during the period. Invesco QQQ accounts for about 5.5% of Interactive Financial Advisors Inc.’s holdings, making the stock its 5th largest holding. Interactive Financial Advisors Inc.’s holdings in Invesco QQQ were worth $9,105,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Garde Capital Inc. increased its holdings in shares of Invesco QQQ by 4.7% in the 2nd quarter. Garde Capital Inc. now owns 35,751 shares of the exchange traded fund’s stock valued at $26,327,000 after acquiring an additional 1,620 shares during the last quarter. Natural Investments LLC lifted its stake in Invesco QQQ by 26.5% during the second quarter. Natural Investments LLC now owns 1,621 shares of the exchange traded fund’s stock worth $1,193,000 after purchasing an additional 340 shares during the last quarter. Lakeshore Capital Group Inc. lifted its stake in Invesco QQQ by 1.9% during the second quarter. Lakeshore Capital Group Inc. now owns 17,654 shares of the exchange traded fund’s stock worth $13,000,000 after purchasing an additional 328 shares during the last quarter. Manuka Financial LLC lifted its stake in Invesco QQQ by 30.1% during the second quarter. Manuka Financial LLC now owns 929 shares of the exchange traded fund’s stock worth $684,000 after purchasing an additional 215 shares during the last quarter. Finally, Levin Capital Strategies L.P. boosted its holdings in Invesco QQQ by 0.3% in the second quarter. Levin Capital Strategies L.P. now owns 7,745 shares of the exchange traded fund’s stock valued at $5,703,000 after purchasing an additional 20 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.
Invesco QQQ News Roundup
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
Invesco QQQ Trading Down 0.6%
Invesco QQQ Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 22nd were issued a $0.8135 dividend. This represents a $3.25 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, June 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.73.
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.
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