IFP Advisors Inc Has $80 Million Stock Position in Invesco QQQ $QQQ

IFP Advisors Inc increased its position in Invesco QQQ (NASDAQ:QQQ) by 14.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 108,639 shares of the exchange traded fund’s stock after purchasing an additional 13,892 shares during the period. Invesco QQQ makes up 1.4% of IFP Advisors Inc’s investment portfolio, making the stock its 3rd largest holding. IFP Advisors Inc’s holdings in Invesco QQQ were worth $80,002,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of QQQ. University of Texas Texas AM Investment Management Co. acquired a new position in Invesco QQQ during the fourth quarter worth $25,000. Shcp LLC acquired a new position in shares of Invesco QQQ during the third quarter valued at about $27,000. Annis Gardner Whiting Capital Advisors LLC increased its position in shares of Invesco QQQ by 2,150.0% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock worth $28,000 after acquiring an additional 43 shares in the last quarter. Parvin Asset Management LLC acquired a new stake in shares of Invesco QQQ in the 1st quarter worth about $28,000. Finally, High Point Wealth Management LLC boosted its stake in Invesco QQQ by 68.0% during the 2nd quarter. High Point Wealth Management LLC now owns 42 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 17 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ opened at $718.36 on Wednesday. Invesco QQQ has a 52 week low of $555.60 and a 52 week high of $748.65. The stock has a 50 day moving average price of $710.79 and a two-hundred day moving average price of $677.43.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 22nd were given a dividend of $0.8135 per share. The ex-dividend date of this dividend was 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 0.5%.

Trending Headlines about Invesco QQQ

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

• Positive Sentiment: QQQ’s long-term record remains a major support: an article highlights that the ETF’s high-growth holdings helped multiply an investment roughly sixfold over the past decade, reinforcing investor interest in its technology-heavy portfolio. This ETF Would Have Increased Your Investment by 6x Over the Past 10 Years
• Positive Sentiment: Expectations that the Federal Reserve will not raise interest rates, along with arguments that the current bull market can continue, provide some support for growth stocks and QQQ’s valuation. There Will Be No Fed Rate Hikes
• Neutral Sentiment: Investors are awaiting Friday’s consumer-price report, which could significantly change expectations for monetary policy and create volatility in rate-sensitive Nasdaq stocks. Friday’s CPI Report Is More Important Than You Think
• Neutral Sentiment: QQQ and the lower-cost QQQM track the same Nasdaq-100, prompting investors to compare fees and potentially favor QQQM for long-term holdings. That creates a competitive headwind for QQQ, even though QQQ retains advantages in liquidity and trading volume. QQQ vs QQQM: Same Index, Same Stocks, Different Fee
• Negative Sentiment: Higher oil prices and broader market weakness are weighing on risk appetite, while reports warning of increased sell-off risks add pressure to growth-oriented ETFs. Markets Move To The Downside Amid Uptick In Oil Prices
• Negative Sentiment: Concerns about stretched AI valuations, possible bubble dynamics, and weaker-than-expected employment data are especially relevant to QQQ because of its concentration in mega-cap technology and AI beneficiaries. Nvidia Braces for AI Bubble Burst

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.