Invesco QQQ $QQQ is Safeguard Investment Advisory Group LLC’s 3rd Largest Position

Safeguard Investment Advisory Group LLC lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 4.5% during the 2nd quarter, Holdings Channel.com reports. The fund owned 67,812 shares of the exchange traded fund’s stock after selling 3,227 shares during the quarter. Invesco QQQ makes up approximately 11.2% of Safeguard Investment Advisory Group LLC’s portfolio, making the stock its 3rd largest holding. Safeguard Investment Advisory Group LLC’s holdings in Invesco QQQ were worth $49,938,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in QQQ. Weitzel Financial Services Inc. grew its stake in shares of Invesco QQQ by 1.3% in the second quarter. Weitzel Financial Services Inc. now owns 18,714 shares of the exchange traded fund’s stock worth $13,311,000 after acquiring an additional 247 shares during the period. Ewing Morris & Co. Investment Partners Ltd. lifted its position in Invesco QQQ by 46.4% during the second quarter. Ewing Morris & Co. Investment Partners Ltd. now owns 1,525 shares of the exchange traded fund’s stock valued at $1,123,000 after purchasing an additional 483 shares during the period. Round Rock Advisors LLC lifted its position in Invesco QQQ by 3.5% during the second quarter. Round Rock Advisors LLC now owns 82,898 shares of the exchange traded fund’s stock valued at $61,046,000 after purchasing an additional 2,834 shares during the period. Tranquilli Financial Advisor LLC boosted its holdings in Invesco QQQ by 5.6% in the second quarter. Tranquilli Financial Advisor LLC now owns 5,615 shares of the exchange traded fund’s stock worth $4,135,000 after purchasing an additional 299 shares during the last quarter. Finally, EMC Capital Management purchased a new stake in Invesco QQQ in the second quarter worth approximately $42,570,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.2%

NASDAQ:QQQ opened at $709.24 on Thursday. Invesco QQQ has a 12 month low of $555.60 and a 12 month high of $748.65. The company has a 50 day simple moving average of $710.98 and a two-hundred day simple moving average of $674.17.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 22nd were paid a $0.8135 dividend. This is an increase 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%.

More Invesco QQQ News

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

• Positive Sentiment: U.S. equities advanced during Wednesday’s session, providing a favorable backdrop for QQQ and other broad equity ETFs. Exchange-Traded Funds Rise as US Equities Advance After Midday
• Positive Sentiment: TipRanks’ AI Analyst rated QQQ Outperform and identified at least 15% potential upside, reinforcing the bullish case for large-cap technology stocks. 3 ETFs to Buy with At Least 15% Upside Potential, According to the AI Analyst
• Positive Sentiment: August ETF flows showed strong demand for Nasdaq-100, S&P 500 and technology-focused funds, indicating continued capital inflows that can support QQQ’s underlying holdings. ETF Asset Flow of August: S&P 500 Tops
• Neutral Sentiment: A comparison found the covered-call ETF TDAQ slightly ahead of QQQ since its launch, but the article emphasized that QQQ is likely to outperform over longer periods, highlighting the trade-off between income and growth.
• Negative Sentiment: Reports of AI infrastructure delays, elevated bond yields and concerns about an AI bubble could pressure QQQ’s high-growth technology constituents.
• Negative Sentiment: Escalating U.S.-Iran tensions and uncertainty over monetary policy are increasing market volatility and may limit investor appetite for richly valued technology stocks. Exchange-Traded Funds, Equity Futures Mixed Pre-Bell Wednesday Amid Escalating US-Iran Tensions

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.