BXM Wealth LLC Boosts Stock Holdings in Invesco QQQ $QQQ

BXM Wealth LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 16.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,655 shares of the exchange traded fund’s stock after buying an additional 4,811 shares during the period. Invesco QQQ makes up about 13.5% of BXM Wealth LLC’s investment portfolio, making the stock its largest holding. BXM Wealth LLC’s holdings in Invesco QQQ were worth $24,783,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. Larry Mathis Financial Planning LLC lifted its position in Invesco QQQ by 1,413.9% in the 2nd quarter. Larry Mathis Financial Planning LLC now owns 8,523 shares of the exchange traded fund’s stock valued at $6,276,000 after acquiring an additional 7,960 shares in the last quarter. Platform Technology Partners boosted its position in Invesco QQQ by 0.8% in the second quarter. Platform Technology Partners now owns 3,961 shares of the exchange traded fund’s stock worth $2,917,000 after purchasing an additional 30 shares during the last quarter. Clarus Group Inc. increased its position in shares of Invesco QQQ by 1.9% during the 2nd quarter. Clarus Group Inc. now owns 2,044 shares of the exchange traded fund’s stock valued at $1,505,000 after purchasing an additional 39 shares during the last quarter. Xcel Wealth Management LLC lifted its stake in shares of Invesco QQQ by 3.7% in the 2nd quarter. Xcel Wealth Management LLC now owns 4,261 shares of the exchange traded fund’s stock worth $3,138,000 after purchasing an additional 151 shares during the period. Finally, WealthBridge Capital Management LLC boosted its holdings in shares of Invesco QQQ by 3.3% in the second quarter. WealthBridge Capital Management LLC now owns 30,264 shares of the exchange traded fund’s stock worth $22,287,000 after buying an additional 968 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Invesco QQQ

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

• Positive Sentiment: U.S. equities and exchange-traded funds advanced after midday, providing a favorable backdrop for QQQ’s Nasdaq-100 holdings. Exchange-Traded Funds Rise as US Equities Advance After Midday
• Positive Sentiment: An analysis describing a relatively inexpensive way to own artificial-intelligence exposure may reinforce demand for established technology companies represented heavily in QQQ. The Boring Way To Own AI Is Now The Cheap Way
• Positive Sentiment: Technical market commentary identified key support and resistance levels for QQQ and major holdings including Apple, Microsoft, Nvidia, Alphabet, Meta and Tesla, potentially encouraging dip-buying if support holds. How To Trade SPY, QQQ And 6 Mega Caps
• Neutral Sentiment: Market coverage said stocks were attempting to rebound while yields moved higher, leaving QQQ caught between improving risk appetite and pressure from higher borrowing costs. Markets Try To Bounce Back As Yields Head Higher
• Neutral Sentiment: Debate over Treasury policy, inflation, monetary support and U.S. market leadership is adding uncertainty to the interest-rate outlook, an important driver of growth-stock valuations. War, Inflation, And The Battle For Market Leadership
• Negative Sentiment: Credit-market risks may be underappreciated by AI-focused stocks, raising concerns about concentrated valuations and potential volatility among QQQ’s technology holdings. AI Stocks May Be Ignoring A Growing Risk Seen In Credit Markets
• Negative Sentiment: A hawkish interpretation of Federal Reserve minutes and the recent bond selloff could keep interest rates elevated, which generally weighs on high-growth technology stocks. Fed Minutes Lean Hawkish, But We Don’t Expect A Hike

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $713.44 on Friday. The stock has a 50-day simple moving average of $713.76 and a two-hundred day simple moving average of $668.02. Invesco QQQ has a 52-week low of $555.60 and a 52-week high of $748.65.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 22nd were issued a $0.8135 dividend. 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%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.73.

Invesco QQQ Company 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.