Kestra Private Wealth Services LLC Decreases Stock Position in Invesco QQQ $QQQ

Kestra Private Wealth Services LLC lessened its holdings in Invesco QQQ (NASDAQ:QQQ) by 3.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 172,540 shares of the exchange traded fund’s stock after selling 5,321 shares during the quarter. Invesco QQQ accounts for approximately 1.4% of Kestra Private Wealth Services LLC’s holdings, making the stock its 11th largest holding. Kestra Private Wealth Services LLC’s holdings in Invesco QQQ were worth $127,058,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Key Capital Management INC lifted its stake in shares of Invesco QQQ by 1.6% during the second quarter. Key Capital Management INC now owns 1,617 shares of the exchange traded fund’s stock worth $1,190,000 after buying an additional 25 shares during the period. Marks Group Wealth Management Inc grew its holdings in shares of Invesco QQQ by 1.6% during the second quarter. Marks Group Wealth Management Inc now owns 1,373 shares of the exchange traded fund’s stock valued at $1,011,000 after buying an additional 22 shares during the last quarter. Asset Management One Co. Ltd. increased its position in shares of Invesco QQQ by 206.1% in the 2nd quarter. Asset Management One Co. Ltd. now owns 808 shares of the exchange traded fund’s stock valued at $595,000 after acquiring an additional 544 shares during the period. KFA Private Wealth Group LLC increased its position in shares of Invesco QQQ by 107.5% in the 2nd quarter. KFA Private Wealth Group LLC now owns 3,169 shares of the exchange traded fund’s stock valued at $2,334,000 after acquiring an additional 1,642 shares during the period. Finally, Pioneer Family Office LLC increased its position in shares of Invesco QQQ by 3.1% in the 2nd 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. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $713.44 on Monday. The business has a fifty day moving average of $713.76 and a 200 day moving average of $668.31. Invesco QQQ has a 1 year low of $555.60 and a 1 year high of $748.65.

Invesco QQQ Increases Dividend

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

Invesco QQQ News Roundup

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

Invesco QQQ 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.