Earned Wealth Advisors LLC Acquires 3,017 Shares of Invesco QQQ $QQQ

Earned Wealth Advisors LLC grew its stake in Invesco QQQ (NASDAQ:QQQ) by 50.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,941 shares of the exchange traded fund’s stock after purchasing an additional 3,017 shares during the quarter. Earned Wealth Advisors LLC’s holdings in Invesco QQQ were worth $5,160,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Symphony Financial Services Inc. increased its stake in shares of Invesco QQQ by 0.8% in the 1st quarter. Symphony Financial Services Inc. now owns 4,794 shares of the exchange traded fund’s stock valued at $2,767,000 after acquiring an additional 37 shares during the last quarter. Human Investing LLC boosted its stake in Invesco QQQ by 35.1% during the 1st quarter. Human Investing LLC now owns 531 shares of the exchange traded fund’s stock worth $306,000 after acquiring an additional 138 shares during the last quarter. Scarborough Advisors LLC boosted its stake in Invesco QQQ by 4.8% during the 1st quarter. Scarborough Advisors LLC now owns 3,536 shares of the exchange traded fund’s stock worth $2,041,000 after acquiring an additional 162 shares during the last quarter. Balefire LLC grew its holdings in Invesco QQQ by 0.4% during the first quarter. Balefire LLC now owns 17,095 shares of the exchange traded fund’s stock valued at $9,867,000 after purchasing an additional 71 shares during the period. Finally, Resolute Wealth Strategies LLC grew its holdings in Invesco QQQ by 10.9% during the first quarter. Resolute Wealth Strategies LLC now owns 1,511 shares of the exchange traded fund’s stock valued at $872,000 after purchasing an additional 148 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $695.33 on Monday. The company has a 50 day moving average price of $720.41 and a two-hundred day moving average price of $653.36. Invesco QQQ has a 52 week low of $551.68 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. Stockholders of record on Monday, June 22nd were issued a $0.8135 dividend. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $3.25 annualized dividend and a dividend yield of 0.5%.

Key Headlines Impacting Invesco QQQ

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

• Positive Sentiment: Apple is outperforming and hitting fresh records, which helps support QQQ because AAPL is one of its largest holdings. AAPL Stock Hits Fresh Record As July Rally Nears Best Month In Nearly 4 Years — HSBC Sees Another 10% Upside
• Neutral Sentiment: New ETF launches and commentary continue to highlight investor interest in Nasdaq and tech income strategies, but these are not strong enough to move QQQ on their own. Meet TMGN, the 0.88 Fee ETF Betting on Tech Giants and Options Income
• Neutral Sentiment: Broad-market ETFs and U.S. equities were mixed to lower intraday, suggesting overall risk appetite has softened. Exchange-Traded Funds Fall as US Equities Decline After Midday
• Negative Sentiment: Chip stocks are under pressure on TSMC capex concerns, hurting the semiconductor-heavy portion of the Nasdaq-100 and weighing on QQQ. S&P 500, Nasdaq, Dow End Lower As Chip Stocks Slide On TSMC Capex Concerns — TSM, MU, NVDA, UNH, GOOGL In Focus
• Negative Sentiment: Tech and momentum stocks are seeing some of the highest volatility in decades, adding to pressure on the Nasdaq-100 and QQQ. The Tech Shakeout: Market Extremes & Gavin Baker’s Bold Call

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.