Flatrock Wealth Partners LLC Makes New Investment in Invesco QQQ $QQQ

Flatrock Wealth Partners LLC acquired a new position in Invesco QQQ (NASDAQ:QQQ) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,600 shares of the exchange traded fund’s stock, valued at approximately $924,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Montag A & Associates Inc. lifted its holdings in shares of Invesco QQQ by 12.7% in the first quarter. Montag A & Associates Inc. now owns 9,639 shares of the exchange traded fund’s stock worth $5,563,000 after buying an additional 1,083 shares in the last quarter. Nicholas Hoffman & Company LLC. grew its stake in Invesco QQQ by 1.2% during the first quarter. Nicholas Hoffman & Company LLC. now owns 98,228 shares of the exchange traded fund’s stock valued at $56,696,000 after acquiring an additional 1,180 shares in the last quarter. KERR FINANCIAL PLANNING Corp bought a new stake in Invesco QQQ during the 1st quarter worth approximately $4,440,000. Addison Capital Co increased its holdings in Invesco QQQ by 16.4% during the 1st quarter. Addison Capital Co now owns 6,695 shares of the exchange traded fund’s stock worth $3,864,000 after acquiring an additional 945 shares during the period. Finally, Alliance Wealth Management Group lifted its stake in Invesco QQQ by 4.9% in the 1st quarter. Alliance Wealth Management Group now owns 3,349 shares of the exchange traded fund’s stock worth $1,933,000 after purchasing an additional 156 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ News Summary

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

• Positive Sentiment: SpaceX’s addition to the Nasdaq-100 could boost passive index inflows and highlights the continued appetite for high-growth names inside QQQ. Invesco QQQ investors will gain indirect exposure to SpaceX through the index. Article Title
• Positive Sentiment: Several articles note that SpaceX’s Nasdaq-100 inclusion should trigger buying from funds that track the index, which can create a short-term tailwind for QQQ as index rebalancing flows come in. Article Title
• Positive Sentiment: Analysts reportedly see strong upside in SpaceX, and broader enthusiasm around major AI and tech names may support sentiment for Nasdaq-linked ETFs like QQQ. Article Title
• Neutral Sentiment: BlackRock is launching a cheaper Nasdaq-100 ETF, which could increase competition for QQQ over time, though the immediate impact is likely limited. Article Title
• Negative Sentiment: Broad market weakness hit Nasdaq futures and tech shares as higher yields and oil prices pressured growth stocks, a headwind for QQQ’s heavy exposure to megacap technology. Article Title
• Negative Sentiment: Technical analysts warned the Nasdaq-100 may be forming a reversal pattern, with one article calling out a potential “diamond top” in QQQ, which could weigh on momentum traders. Article Title
• Negative Sentiment: Commentary about the AI trade being “overheated” and warnings about a possible bubble in growth stocks may add to selling pressure in QQQ’s largest holdings. Article Title

Invesco QQQ Stock Performance

QQQ opened at $709.43 on Wednesday. Invesco QQQ has a one year low of $551.10 and a one year high of $748.65. The company has a fifty day moving average price of $714.87 and a 200-day moving average price of $648.06.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Monday, June 22nd will be paid 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 0.5%. The ex-dividend date of this dividend is Monday, June 22nd.

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.