McElhenny Sheffield Capital Management LLC Invests $913,000 in Invesco QQQ $QQQ

McElhenny Sheffield Capital Management LLC acquired a new stake in Invesco QQQ (NASDAQ:QQQ) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,240 shares of the exchange traded fund’s stock, valued at approximately $913,000. Invesco QQQ comprises approximately 0.2% of McElhenny Sheffield Capital Management LLC’s holdings, making the stock its 21st biggest position.

Several other large investors have also recently added to or reduced their stakes in the company. Columbus Macro LLC boosted its holdings in Invesco QQQ by 15.3% in the second quarter. Columbus Macro LLC now owns 1,510 shares of the exchange traded fund’s stock worth $1,112,000 after purchasing an additional 200 shares during the period. Wealth Management Resources Inc. raised its holdings in shares of Invesco QQQ by 27.1% during the second quarter. Wealth Management Resources Inc. now owns 507 shares of the exchange traded fund’s stock worth $374,000 after purchasing an additional 108 shares during the period. Cooper Capital Advisors LLC acquired a new stake in shares of Invesco QQQ during the second quarter worth $338,000. Steigerwald Gordon & Koch Inc. lifted its position in shares of Invesco QQQ by 20.4% in the 2nd quarter. Steigerwald Gordon & Koch Inc. now owns 425 shares of the exchange traded fund’s stock worth $313,000 after buying an additional 72 shares during the last quarter. Finally, Robbins Farley lifted its position in shares of Invesco QQQ by 2.8% in the 2nd quarter. Robbins Farley now owns 8,461 shares of the exchange traded fund’s stock worth $6,231,000 after buying an additional 233 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Down 0.2%

NASDAQ QQQ opened at $729.87 on Tuesday. Invesco QQQ has a one year low of $555.60 and a one year high of $748.65. The company has a 50-day simple moving average of $713.40 and a 200-day simple moving average of $665.87.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 22nd were issued a $0.8135 dividend. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.73. This represents a $3.25 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, June 22nd.

Key Invesco QQQ News

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

• Positive Sentiment: QQQ’s Nasdaq-100 exposure remains supported by strong large-cap technology performance. One analysis says the ETF has gained more than 19% this year and argues that Wall Street may see additional upside, although valuation and concentration risks remain. Invesco QQQ Trust ETF Is Up 19% YTD
• Positive Sentiment: Cooling July consumer inflation was described as favorable for the Federal Reserve, potentially improving the case for lower interest rates. Falling yields generally support growth-oriented technology stocks and QQQ holdings. July CPI: Good News for the Fed
• Positive Sentiment: Several market outlooks remain constructive, citing strong S&P 500 earnings growth, favorable historical patterns, and technical signals that could support continued equity gains. These trends are indirectly supportive of QQQ. S&P 500 Earnings Growth Drives a Bullish Outlier
• Positive Sentiment: Invesco ETFs recorded approximately $373 million in daily inflows on August 14, indicating continued investor demand for the issuer’s products, though the report does not identify how much went specifically into QQQ. ETF League Tables: Invesco Registers Inflows
• Neutral Sentiment: QQQ and QQQM provide similar Nasdaq-100 exposure; QQQM may be more attractive for long-term investors because of its lower expense ratio, while QQQ offers greater trading liquidity. This creates a potential allocation trade-off within Invesco’s lineup. QQQ vs. QQQM
• Negative Sentiment: Markets face greater uncertainty over the Fed’s next move, while a July retail-sales decline raises concerns about a possible economic-growth slowdown. Higher-for-longer rates or weaker growth could pressure QQQ’s richly valued technology holdings. Fed’s Next Rate Move Got More Complicated
• Negative Sentiment: Options-based buffered ETFs are being promoted as alternatives for investors worried that the bull market could break. Their growing appeal highlights downside-protection demand and may limit enthusiasm for an unhedged, growth-heavy fund such as QQQ. Three ETFs Built to Protect Your Money

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.