Invesco QQQ $QQQ Shares Acquired by McIlrath & Eck LLC

McIlrath & Eck LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 30.7% during the 1st quarter, Holdings Channel reports. The fund owned 30,891 shares of the exchange traded fund’s stock after buying an additional 7,256 shares during the quarter. Invesco QQQ comprises 1.3% of McIlrath & Eck LLC’s portfolio, making the stock its 25th largest holding. McIlrath & Eck LLC’s holdings in Invesco QQQ were worth $17,829,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Carrera Capital Advisors lifted its holdings in shares of Invesco QQQ by 99.3% in the fourth quarter. Carrera Capital Advisors now owns 2,316 shares of the exchange traded fund’s stock valued at $1,423,000 after purchasing an additional 1,154 shares in the last quarter. Flatrock Wealth Partners LLC bought a new position in shares of Invesco QQQ during the first quarter worth about $924,000. Hegarty Advisors LLC acquired a new stake in Invesco QQQ in the 1st quarter valued at approximately $2,212,000. Sovran Advisors LLC lifted its stake in Invesco QQQ by 8.0% in the 4th quarter. Sovran Advisors LLC now owns 18,032 shares of the exchange traded fund’s stock valued at $11,212,000 after acquiring an additional 1,340 shares in the last quarter. Finally, Ascension Capital Advisors Inc. lifted its stake in Invesco QQQ by 643.8% in the 1st quarter. Ascension Capital Advisors Inc. now owns 3,094 shares of the exchange traded fund’s stock valued at $1,786,000 after acquiring an additional 2,678 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 3.3%

NASDAQ:QQQ opened at $683.55 on Friday. Invesco QQQ has a twelve month low of $551.68 and a twelve month high of $748.65. The business has a 50 day moving average price of $716.22 and a two-hundred day moving average price of $657.69.

Invesco QQQ Increases Dividend

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

Key Stories Impacting Invesco QQQ

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

• Positive Sentiment: Microsoft earnings lifted the ETF. Microsoft reported $4.74 in EPS and $90 billion in revenue, with strong Azure cloud and Copilot growth reinforcing the artificial-intelligence investment theme. Microsoft’s rally supported QQQ because the ETF has significant exposure to the company and other large AI beneficiaries. Microsoft’s Earnings Beat: A Ripple Effect Across ETF Landscape
• Positive Sentiment: Broad technology stocks recovered. The Nasdaq and S&P 500 posted their strongest session in about a month, with gains in Microsoft, Alphabet, Oracle and other AI-linked shares helping QQQ move toward ending its recent losing streak. S&P 500, Nasdaq End Best Day in a Month
• Neutral Sentiment: QQQ remains concentrated in mega-cap growth stocks. Commentary comparing QQQ with SPYG highlights that performance depends less on broad technology exposure and more on the specific companies and weights held. This concentration increases upside when leaders outperform but also amplifies volatility. SPYG Vs. QQQ: It’s Not The Tech Exposure, It’s What’s Inside It
• Negative Sentiment: Interest-rate and inflation risks remain. The Federal Reserve held rates steady, but dissent among policymakers, elevated core PCE inflation and weaker-than-expected GDP kept the possibility of higher-for-longer rates alive. Rising yields generally pressure QQQ’s long-duration growth holdings. Fed Holds Rates Steady As 3 FOMC Members Dissent
• Negative Sentiment: AI valuation and geopolitical concerns remain overhangs. Recent warnings about excessive AI spending, chip-sector weakness and an oil-price spike tied to U.S.-Iran tensions contributed to the preceding correction and could limit the durability of the rebound. Oil Spikes 7%, Nasdaq 100 Sinks Before Fed

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.