Gibbs Wealth Management Has $1.10 Million Stock Holdings in Invesco QQQ $QQQ

Gibbs Wealth Management raised its stake in Invesco QQQ (NASDAQ:QQQ) by 93.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,913 shares of the exchange traded fund’s stock after purchasing an additional 923 shares during the quarter. Gibbs Wealth Management’s holdings in Invesco QQQ were worth $1,104,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of QQQ. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Invesco QQQ in the 4th quarter valued at approximately $25,000. Shcp LLC bought a new position in shares of Invesco QQQ in the third quarter valued at $27,000. Annis Gardner Whiting Capital Advisors LLC increased its holdings in Invesco QQQ by 2,150.0% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 43 shares during the last quarter. Rachor Investment Advisory Services LLC acquired a new position in Invesco QQQ during the fourth quarter worth $29,000. Finally, Islay Capital Management LLC acquired a new position in Invesco QQQ during the fourth quarter worth $32,000. 44.58% of the stock is currently owned by institutional investors.

Key Invesco QQQ News

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

• Positive Sentiment: Broader U.S. equity futures and major ETFs were higher pre-market Friday, which can support QQQ because it tracks the Nasdaq-100’s large-cap growth names. Exchange-Traded Funds, Equity Futures Higher Pre-Bell Friday Amid New US Tariffs
• Positive Sentiment: Coverage highlighted that AI and hyperscaler earnings remain the market’s main focus, which can help QQQ if investors continue to bid up Nasdaq-heavy mega-cap tech. Nasdaq, S&P 500, Dow Futures Shake Off Iran Jitters As Investors Turn To AI Hyperscaler Earnings: INTC, TSLA, TTD, HIMS In Focus
• Neutral Sentiment: Intel’s strong earnings reaction showed some semiconductor strength, but mixed results across major tech names kept the broader QQQ outlook uneven. Stock Market Today: Dow Rises As Oil Prices Fall; Intel Shares Surge On Earnings (Live Coverage)
• Neutral Sentiment: Commentary on rising AI spending and high valuations suggests investors are still debating whether the tech rally has room to run or is getting stretched. Markets Track Lower As AI Spending Soars
• Negative Sentiment: Several articles warned that heavy spending, higher Treasury yields, and concern over the AI trade’s exhaustion could weigh on Nasdaq-heavy funds like QQQ if sentiment cools further. Treasury Yields Push Higher, Testing Wall Street’s Nerve
• Negative Sentiment: Thursday’s sharp drop in major tech names, including Alphabet and Tesla, underscored the risk that weakness in a few QQQ-heavy constituents can drag the ETF lower. Stock Market Today: Dow Jones Index Falls 300 Points As Alphabet, Tesla Dive On Earnings News (Live Coverage)

Invesco QQQ Stock Down 1.1%

NASDAQ QQQ opened at $684.25 on Friday. The firm’s fifty day moving average price is $718.86 and its two-hundred day moving average price is $655.96. Invesco QQQ has a 1 year low of $551.68 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 paid a dividend of $0.8135 per share. The ex-dividend date was Monday, June 22nd. This represents a $3.25 annualized dividend and a dividend yield of 0.5%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.73.

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.