WealthBridge Capital Management LLC Acquires 968 Shares of Invesco QQQ $QQQ

WealthBridge Capital Management LLC boosted its holdings in Invesco QQQ (NASDAQ:QQQ – Free Report) by 3.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,264 shares of the exchange traded fund’s stock after acquiring an additional 968 shares during the quarter. Invesco QQQ comprises approximately 4.4% of WealthBridge Capital Management LLC’s portfolio, making the stock its 6th biggest holding. WealthBridge Capital Management LLC’s holdings in Invesco QQQ were worth $22,287,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Carrera Capital Advisors boosted its stake in shares of Invesco QQQ by 99.3% during the 4th quarter. Carrera Capital Advisors now owns 2,316 shares of the exchange traded fund’s stock worth $1,423,000 after acquiring an additional 1,154 shares in the last quarter. Flatrock Wealth Partners LLC acquired a new position in Invesco QQQ during the first quarter worth $924,000. Hegarty Advisors LLC acquired a new position in Invesco QQQ during the first quarter worth $2,212,000. Ascension Capital Advisors Inc. boosted its position in Invesco QQQ by 643.8% during the first quarter. Ascension Capital Advisors Inc. now owns 3,094 shares of the exchange traded fund’s stock worth $1,786,000 after purchasing an additional 2,678 shares in the last quarter. Finally, Asset Allocation Strategies LLC purchased a new stake in Invesco QQQ during the first quarter worth $18,142,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $710.93 on Friday. Invesco QQQ has a 52 week low of $555.60 and a 52 week high of $748.65. The company’s 50-day moving average price is $713.92 and its 200 day moving average price is $667.70.

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 issued a dividend of $0.8135 per share. This represents a $3.25 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.73. The ex-dividend date was Monday, June 22nd.

Key Headlines Impacting Invesco QQQ

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

• Positive Sentiment: Investors continue to focus on artificial intelligence as a potential contributor to U.S. economic growth. Continued AI-related capital spending could support the earnings outlook for several large Nasdaq-100 constituents, including major semiconductor and cloud companies. How Much Is AI Contributing To U.S. Economic Growth?
• Positive Sentiment: QQQ had shown some recovery after an earlier selloff, indicating that investors were still willing to buy technology stocks on weakness. However, the rebound has not overcome broader rate and valuation concerns. QQQ ETF – Invesco QQQ Trust Trends Higher after Tuesday’s Slump
• Neutral Sentiment: Goldman Sachs agreed to acquire NEOS Investments, the issuer of the Nasdaq-100 High Income ETF. The transaction does not directly change QQQ’s holdings, but it highlights continued institutional demand for products tied to the Nasdaq-100 ecosystem. Goldman Sachs Just Paid $2.25 Billion for the Family Behind Your 14% Income Fund
• Negative Sentiment: Broad exchange-traded funds and U.S. equities declined during the session, creating direct selling pressure for QQQ and its large-cap technology holdings. Exchange-Traded Funds Fall as US Equities Decline After Midday
• Negative Sentiment: The 30-year Treasury yield reached its highest level since 2007 amid deficit and AI-spending concerns. Higher long-term yields reduce the relative appeal of high-valuation growth stocks and increase the discount rate applied to future technology earnings. 30-Year Treasury Yield Hits Highest Level Since 2007 as AI Spending and Deficits Collide
• Negative Sentiment: Federal Reserve meeting minutes were viewed as somewhat hawkish, reducing expectations for near-term monetary easing. The resulting pressure on interest-rate-sensitive stocks is particularly relevant for QQQ. Fed Minutes Lean Hawkish, But We Don’t Expect A Hike
• Negative Sentiment: Technical commentary noted that QQQ “gamma flipped,” potentially forcing market makers to sell as prices declined and amplifying short-term volatility. QQQ just gamma flipped

About Invesco QQQ

(Free Report)

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.

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