Invesco QQQ $QQQ Stock Bought by Atomic Invest LLC

by · The Markets Daily

Atomic Invest LLC grew its position in Invesco QQQ (NASDAQ:QQQ – Free Report) by 109.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,086 shares of the exchange traded fund’s stock after purchasing an additional 13,118 shares during the quarter. Invesco QQQ makes up about 1.6% of Atomic Invest LLC’s investment portfolio, making the stock its 8th largest holding. Atomic Invest LLC’s holdings in Invesco QQQ were worth $18,165,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of QQQ. CAP Partners LLC increased its holdings in shares of Invesco QQQ by 3.5% in the first quarter. CAP Partners LLC now owns 444 shares of the exchange traded fund’s stock worth $256,000 after purchasing an additional 15 shares during the last quarter. Durante & Waters LLC boosted its stake in Invesco QQQ by 1.1% during the first quarter. Durante & Waters LLC now owns 1,425 shares of the exchange traded fund’s stock valued at $822,000 after buying an additional 15 shares during the last quarter. Roxbury Financial LLC grew its holdings in Invesco QQQ by 19.7% during the 2nd quarter. Roxbury Financial LLC now owns 91 shares of the exchange traded fund’s stock valued at $67,000 after buying an additional 15 shares in the last quarter. GoalVest Advisory LLC grew its holdings in Invesco QQQ by 0.5% during the 2nd quarter. GoalVest Advisory LLC now owns 3,016 shares of the exchange traded fund’s stock valued at $2,221,000 after buying an additional 15 shares in the last quarter. Finally, Forty three Eighteen Advisors LLC increased its stake in Invesco QQQ by 0.6% in the 1st quarter. Forty three Eighteen Advisors LLC now owns 2,694 shares of the exchange traded fund’s stock worth $1,555,000 after acquiring an additional 16 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Invesco QQQ stock traded up $3.92 during mid-day trading on Friday, reaching $745.02. 17,801,777 shares of the company’s stock traded hands, compared to its average volume of 48,927,211. Invesco QQQ has a 12-month low of $555.60 and a 12-month high of $748.65. The stock has a 50 day moving average of $712.14 and a two-hundred day moving average of $687.17.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Monday, September 21st will be given a $0.7514 dividend. This is a decrease from Invesco QQQ’s previous quarterly dividend of $0.8135. The ex-dividend date of this dividend is Monday, September 21st. This represents a $3.01 dividend on an annualized basis and a yield of 0.4%.

Trending Headlines about Invesco QQQ

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

  • Positive Sentiment: Invesco is expanding its QQQ innovation strategy internationally with the launch of the Invesco Nasdaq International Innovators 100 ETF, broadening the company’s product lineup and potentially increasing demand for its investment products. Invesco Ltd. Launches Invesco Nasdaq International Innovators 100 ETF
  • Positive Sentiment: Invesco hired former BlackRock ETF trading executive Tim Clavin to lead ETF capital markets in the Americas. The appointment could strengthen QQQ’s trading infrastructure, liquidity and distribution capabilities. Invesco Taps BlackRock’s Tim Clavin for ETF Capital Markets
  • Positive Sentiment: Market commentary continued to identify QQQ as an attractive way to own leading software and technology companies, while arguing that semiconductor valuations may be excessively high relative to broader technology exposure. Buy SPY Or QQQ, Hold Software, And Sell Semiconductors
  • Neutral Sentiment: Reported short interest was zero shares as of September 24, indicating no measurable short-selling pressure, although the unusual figure provides limited information about near-term demand.
  • Neutral Sentiment: Several articles highlighted QQQ’s long-term wealth-building potential through exposure to secular themes such as cloud computing, digital advertising and AI, supporting the fund’s investment narrative but not providing a new catalyst. History Says This 1 Investment Could Set You Up for Life
  • Negative Sentiment: Reports warning that another rate increase or higher long-term yields could pressure growth-stock valuations pose a risk to QQQ, whose portfolio is concentrated in rate-sensitive technology companies. An October Surprise: Another Rate Hike Coming
  • Negative Sentiment: Commentary also cautioned that a weakening AI narrative, stretched valuations and potential macroeconomic shocks could trigger a broader pullback in the technology stocks that dominate QQQ. 3 Macro Risks For AI Stocks

Invesco QQQ Company Profile

(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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