Elevation Wealth Partners LLC Buys 1,022 Shares of Invesco QQQ $QQQ

Elevation Wealth Partners LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 28.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,621 shares of the exchange traded fund’s stock after purchasing an additional 1,022 shares during the quarter. Invesco QQQ accounts for about 1.0% of Elevation Wealth Partners LLC’s holdings, making the stock its 24th largest position. Elevation Wealth Partners LLC’s holdings in Invesco QQQ were worth $3,403,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. Brighton Jones LLC increased its position in shares of Invesco QQQ by 15.0% during the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after buying an additional 4,989 shares during the period. Revolve Wealth Partners LLC grew its position in shares of Invesco QQQ by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock valued at $2,687,000 after purchasing an additional 176 shares in the last quarter. Jupiter Wealth Management LLC purchased a new position in Invesco QQQ during the second quarter worth about $290,000. Wealth Group Ltd. grew its holdings in shares of Invesco QQQ by 283.7% during the second quarter. Wealth Group Ltd. now owns 24,629 shares of the exchange traded fund’s stock worth $13,587,000 after purchasing an additional 18,210 shares in the last quarter. Finally, Invesco Ltd. grew its stake in Invesco QQQ by 1,057.3% in the 2nd quarter. Invesco Ltd. now owns 33,063 shares of the exchange traded fund’s stock worth $18,239,000 after buying an additional 30,206 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.4%

Shares of Invesco QQQ stock opened at $714.65 on Friday. Invesco QQQ has a 12 month low of $555.60 and a 12 month high of $748.65. The business’s 50-day moving average price is $714.49 and its 200-day moving average price is $660.70.

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 issued a dividend of $0.8135 per share. The ex-dividend date was Monday, June 22nd. 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.

Key Stories Impacting Invesco QQQ

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

• Positive Sentiment: Strong corporate earnings have generally supported risk appetite and helped offset some market concerns, benefiting growth-oriented holdings in QQQ. Robust Earnings Help Boost Markets
• Positive Sentiment: Recent market highs and continued interest in token-related growth themes reinforce investor enthusiasm for technology and innovation stocks, sectors heavily represented in QQQ. Implications Of New Market Highs
• Neutral Sentiment: Long-term analysis continues to present QQQ as a potential wealth-building vehicle through regular contributions, but it also cautions that investors must tolerate significant volatility. History Says Investing $400 per Month in This ETF Could Set You Up for Life
• Neutral Sentiment: Joby Aviation’s raised guidance and production developments highlight strength in one technology-growth niche, although the company is not a QQQ holding and the direct effect on the ETF is limited. Joby Aviation Climbs 9% on Raised Guidance
• Negative Sentiment: Broad-market ETFs declined as U.S. equities weakened after midday, indicating reduced near-term risk appetite and pressure on index-tracking funds. Exchange-Traded Funds Decline as US Equities Fall After Midday
• Negative Sentiment: Potentially unpredictable Federal Reserve policy, including the possibility of a surprise move, increases uncertainty around interest rates. Higher or less predictable rates typically pressure richly valued Nasdaq-100 growth stocks. Kevin Warsh Opens Door to Surprise Fed Move
• Negative Sentiment: Mixed labor-market signals—particularly weaker hiring—could raise concerns about economic momentum and corporate growth, weighing on cyclical and high-valuation technology shares. U.S. Labor Market Just Flashed Surprising Signal
• Negative Sentiment: Sharp declines in AppLovin and Trade Desk after their reports show that investors are demanding exceptionally strong results from advertising-technology companies, creating pressure across parts of the growth-stock complex. Ad-Tech Stocks Separate Winners From Losers

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.