ORBA Wealth Advisors L.L.C. Has $3.67 Million Holdings in Invesco QQQ $QQQ

ORBA Wealth Advisors L.L.C. decreased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 13.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,983 shares of the exchange traded fund’s stock after selling 755 shares during the quarter. Invesco QQQ comprises approximately 3.1% of ORBA Wealth Advisors L.L.C.’s investment portfolio, making the stock its 11th largest holding. ORBA Wealth Advisors L.L.C.’s holdings in Invesco QQQ were worth $3,669,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of QQQ. University of Texas Texas AM Investment Management Co. acquired a new stake in Invesco QQQ in the fourth quarter worth $25,000. Shcp LLC acquired a new stake in shares of Invesco QQQ in the 3rd quarter valued at about $27,000. Annis Gardner Whiting Capital Advisors LLC increased its position in Invesco QQQ by 2,150.0% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock valued at $28,000 after buying an additional 43 shares in the last quarter. Parvin Asset Management LLC acquired a new stake in Invesco QQQ in the first quarter valued at approximately $28,000. Finally, Rachor Investment Advisory Services LLC bought a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $29,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ opened at $717.51 on Wednesday. Invesco QQQ has a fifty-two week low of $555.60 and a fifty-two week high of $748.65. The company’s 50-day moving average is $713.60 and its 200 day moving average is $666.46.

Invesco QQQ Increases Dividend

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

Key Invesco QQQ News

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

• Positive Sentiment: QQQ remains supported by strong year-to-date performance, with the Nasdaq-100’s gains suggesting that Wall Street still sees potential for additional upside despite recent volatility. Invesco QQQ Trust ETF Is Up 19% YTD
• Positive Sentiment: Invesco recorded substantial ETF inflows, indicating continued investor demand for its products and potentially reinforcing confidence in the broader Invesco platform. ETF League Tables: Invesco Registers Inflows
• Neutral Sentiment: QQQ and QQQM provide similar Nasdaq-100 exposure; comparisons emphasize QQQ’s liquidity and trading advantages, while QQQM may appeal more to long-term investors seeking lower costs. QQQ vs. QQQM
• Negative Sentiment: Market commentary warned that rising Treasury yields and a more complicated Fed outlook could pressure growth-stock valuations by increasing the discount rate applied to future earnings. Fed’s Next Rate Move Just Got More Complicated
• Negative Sentiment: Concerns over excessive AI spending, possible bubble conditions, elevated investor leverage, and weakening consumer sentiment increased the risk of a pullback in QQQ’s heavily weighted technology holdings. Macro Insights: AI Capex and Rising Yields

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.