Proficio Capital Partners LLC Purchases 9,589 Shares of Invesco QQQ $QQQ

Proficio Capital Partners LLC raised its position in Invesco QQQ (NASDAQ:QQQ) by 55.2% during the second quarter, Holdings Channel reports. The fund owned 26,975 shares of the exchange traded fund’s stock after acquiring an additional 9,589 shares during the period. Proficio Capital Partners LLC’s holdings in Invesco QQQ were worth $19,864,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the business. Community Bank & Trust Waco Texas purchased a new stake in shares of Invesco QQQ in the 2nd quarter worth $221,000. Nwam LLC raised its holdings in Invesco QQQ by 5.3% in the 2nd quarter. Nwam LLC now owns 62,615 shares of the exchange traded fund’s stock worth $46,109,000 after purchasing an additional 3,126 shares during the period. Piedmont Capital Management LLC lifted its position in Invesco QQQ by 1.9% during the second quarter. Piedmont Capital Management LLC now owns 1,875 shares of the exchange traded fund’s stock valued at $1,362,000 after purchasing an additional 35 shares in the last quarter. Orgel Wealth Management LLC lifted its position in Invesco QQQ by 33.1% during the second quarter. Orgel Wealth Management LLC now owns 660 shares of the exchange traded fund’s stock valued at $486,000 after purchasing an additional 164 shares in the last quarter. Finally, RPg Family Wealth Advisory LLC grew its holdings in Invesco QQQ by 4.4% during the second quarter. RPg Family Wealth Advisory LLC now owns 869 shares of the exchange traded fund’s stock valued at $640,000 after purchasing an additional 37 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ News Roundup

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

• Positive Sentiment: QQQ continues to attract investor interest as AI, semiconductor, and memory-chip themes drive significant inflows into technology-focused ETFs. The fund’s long-term performance and exposure to major Nasdaq-100 companies remain key bullish arguments. These 5 ETFs Have Raked in Cash This Year—What Do They All Have in Common?
• Positive Sentiment: Some market strategists expect technology stocks to rally in September and are adding software and chip exposure, which could support QQQ’s heavily weighted megacap technology holdings. Tech Rallies In September, I’m Adding Software And Chip Stocks
• Neutral Sentiment: QQQ’s strong historical returns and role in diversified portfolios continue to appeal to long-term investors, although past performance does not eliminate short-term volatility. If You’d Invested $1,000 in QQQ 20 Years Ago, Here’s What You’d Have Today
• Neutral Sentiment: Goldman Sachs’ move into the Nasdaq-100 high-income ETF space highlights demand for technology exposure with distributions. However, QQQ’s growth-oriented strategy differs from income-focused alternatives, which may attract some yield-seeking investors away from traditional QQQ. Goldman Sachs Is Buying Into High Income ETFs, but What Are Nasdaq Investors Giving Up for Those Payouts?
• Negative Sentiment: Reports that higher rates or a September Federal Reserve hike could pressure richly valued growth stocks are a significant headwind for QQQ. Rising bond yields reduce the appeal of long-duration technology earnings and could increase volatility. Forecast: Fed To Hike Interest Rates After Warsh’s Jackson Hole Talk
• Negative Sentiment: Broad U.S. equity ETFs moved lower during the session, while recent technology sell-offs renewed concerns that QQQ is concentrated in a relatively small group of expensive AI and semiconductor-related companies. Exchange-Traded Funds Lower as US Equities Fall After Midday

Invesco QQQ Stock Performance

Shares of QQQ opened at $716.76 on Tuesday. The business has a 50-day simple moving average of $711.11 and a two-hundred day simple moving average of $672.73. Invesco QQQ has a 52 week low of $555.60 and a 52 week high of $748.65.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 22nd were paid a dividend of $0.8135 per share. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.73. The ex-dividend date was Monday, June 22nd. This represents a $3.25 dividend on an annualized basis and a dividend yield of 0.5%.

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.