KFA Private Wealth Group LLC Has $2.33 Million Holdings in Invesco QQQ $QQQ

KFA Private Wealth Group LLC increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 107.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,169 shares of the exchange traded fund’s stock after buying an additional 1,642 shares during the quarter. Invesco QQQ accounts for about 0.6% of KFA Private Wealth Group LLC’s investment portfolio, making the stock its 18th largest position. KFA Private Wealth Group LLC’s holdings in Invesco QQQ were worth $2,334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also bought and sold shares of the company. Pioneer Family Office LLC grew its position in Invesco QQQ by 3.1% in the second quarter. Pioneer Family Office LLC now owns 38,297 shares of the exchange traded fund’s stock valued at $28,202,000 after acquiring an additional 1,139 shares during the period. Equity Wealth Partners LLC acquired a new position in Invesco QQQ during the second quarter worth $325,000. Werba Rubin Papier Wealth Management bought a new position in shares of Invesco QQQ during the second quarter valued at $1,506,000. Virginia Estate & Retirement Planning Advisors Inc. lifted its holdings in shares of Invesco QQQ by 2,968.8% during the second quarter. Virginia Estate & Retirement Planning Advisors Inc. now owns 8,470 shares of the exchange traded fund’s stock valued at $6,224,000 after acquiring an additional 8,194 shares during the period. Finally, Whittier Trust Co. boosted its stake in shares of Invesco QQQ by 4.5% in the 2nd quarter. Whittier Trust Co. now owns 31,449 shares of the exchange traded fund’s stock valued at $22,732,000 after purchasing an additional 1,347 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $713.44 on Friday. The company’s fifty day moving average is $713.76 and its 200-day moving average is $668.02. Invesco QQQ has a 52 week low of $555.60 and a 52 week high of $748.65.

Invesco QQQ Increases Dividend

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

Invesco QQQ News Summary

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

• Positive Sentiment: U.S. equities and exchange-traded funds advanced after midday, providing a favorable backdrop for QQQ’s Nasdaq-100 holdings. Exchange-Traded Funds Rise as US Equities Advance After Midday
• Positive Sentiment: An analysis describing a relatively inexpensive way to own artificial-intelligence exposure may reinforce demand for established technology companies represented heavily in QQQ. The Boring Way To Own AI Is Now The Cheap Way
• Positive Sentiment: Technical market commentary identified key support and resistance levels for QQQ and major holdings including Apple, Microsoft, Nvidia, Alphabet, Meta and Tesla, potentially encouraging dip-buying if support holds. How To Trade SPY, QQQ And 6 Mega Caps
• Neutral Sentiment: Market coverage said stocks were attempting to rebound while yields moved higher, leaving QQQ caught between improving risk appetite and pressure from higher borrowing costs. Markets Try To Bounce Back As Yields Head Higher
• Neutral Sentiment: Debate over Treasury policy, inflation, monetary support and U.S. market leadership is adding uncertainty to the interest-rate outlook, an important driver of growth-stock valuations. War, Inflation, And The Battle For Market Leadership
• Negative Sentiment: Credit-market risks may be underappreciated by AI-focused stocks, raising concerns about concentrated valuations and potential volatility among QQQ’s technology holdings. AI Stocks May Be Ignoring A Growing Risk Seen In Credit Markets
• Negative Sentiment: A hawkish interpretation of Federal Reserve minutes and the recent bond selloff could keep interest rates elevated, which generally weighs on high-growth technology stocks. Fed Minutes Lean Hawkish, But We Don’t Expect A Hike

About Invesco QQQ

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.