Talon Private Wealth LLC Takes Position in Invesco QQQ $QQQ

Talon Private Wealth LLC bought a new stake in shares of Invesco QQQ (NASDAQ:QQQ) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 1,408 shares of the exchange traded fund’s stock, valued at approximately $813,000.

Several other institutional investors and hedge funds have also bought and sold shares of QQQ. Brighton Jones LLC raised its stake in Invesco QQQ by 15.0% during the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after buying an additional 4,989 shares during the period. Revolve Wealth Partners LLC grew its stake in Invesco QQQ by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock valued at $2,687,000 after acquiring an additional 176 shares during the period. Jupiter Wealth Management LLC acquired a new stake in Invesco QQQ in the second quarter valued at approximately $290,000. Wealth Group Ltd. grew its stake in Invesco QQQ by 283.7% in the second quarter. Wealth Group Ltd. now owns 24,629 shares of the exchange traded fund’s stock valued at $13,587,000 after acquiring an additional 18,210 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of Invesco QQQ by 1,057.3% during the second quarter. Invesco Ltd. now owns 33,063 shares of the exchange traded fund’s stock valued at $18,239,000 after acquiring an additional 30,206 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

More Invesco QQQ News

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

• Positive Sentiment: Wall Street’s rebound ahead of the FOMC meeting and Big Tech earnings could provide near-term support if the Fed avoids a rate increase and technology companies deliver strong results. Wall Street Rebounds Ahead of FOMC & Big Tech Earnings
• Positive Sentiment: Several reports remain constructive on the AI investment cycle, arguing that demand for data centers and AI infrastructure can support earnings growth and extend the broader bull market. Wall Street’s AI CapEx Concerns Overlook Demand-Supply Outlook
• Positive Sentiment: A bullish technical commentary highlighted QQQ’s bounce from a perceived support zone, while aggressive buying in Nvidia tied to a major OpenAI data-center project helped reinforce enthusiasm for key fund holdings. Aggressive Buying On Nvidia Backing Massive OpenAI Data Center

Invesco QQQ Stock Down 1.0%

Shares of NASDAQ:QQQ opened at $675.49 on Wednesday. Invesco QQQ has a twelve month low of $551.68 and a twelve month high of $748.65. The stock’s 50 day moving average is $717.87 and its 200-day moving average is $657.00.

Invesco QQQ Increases Dividend

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

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.