10,556 Shares in Invesco QQQ $QQQ Purchased by Warren Street Wealth Advisors LLC

Warren Street Wealth Advisors LLC acquired a new stake in Invesco QQQ (NASDAQ:QQQ) during the first quarter, according to its most recent filing with the SEC. The firm acquired 10,556 shares of the exchange traded fund’s stock, valued at approximately $6,092,000. Invesco QQQ comprises about 1.6% of Warren Street Wealth Advisors LLC’s holdings, making the stock its 18th largest position.

Several other institutional investors also recently bought and sold shares of the company. Upper Left Wealth Management LLC boosted its holdings in Invesco QQQ by 16.2% in the 1st quarter. Upper Left Wealth Management LLC now owns 753 shares of the exchange traded fund’s stock valued at $435,000 after purchasing an additional 105 shares in the last quarter. Sunbeam Capital Management LLC raised its stake in shares of Invesco QQQ by 27.5% during the 1st quarter. Sunbeam Capital Management LLC now owns 927 shares of the exchange traded fund’s stock worth $535,000 after buying an additional 200 shares in the last quarter. Henrickson Nauta Wealth Advisors Inc. lifted its holdings in shares of Invesco QQQ by 8.2% in the 1st quarter. Henrickson Nauta Wealth Advisors Inc. now owns 1,435 shares of the exchange traded fund’s stock valued at $829,000 after buying an additional 109 shares during the period. CWC Advisors LLC. lifted its holdings in shares of Invesco QQQ by 1.0% in the 1st quarter. CWC Advisors LLC. now owns 5,297 shares of the exchange traded fund’s stock valued at $3,057,000 after buying an additional 55 shares during the period. Finally, Ballast Rock Private Wealth LLC grew its holdings in Invesco QQQ by 3.4% during the first quarter. Ballast Rock Private Wealth LLC now owns 4,712 shares of the exchange traded fund’s stock worth $2,720,000 after acquiring an additional 155 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Invesco QQQ

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

• Positive Sentiment: Articles highlighting strong earnings growth and continued demand for Nasdaq-100 names support the case for QQQ’s long-term performance, especially if big tech fundamentals remain intact.
• Positive Sentiment: The Nasdaq-100’s June rebalance and new index additions can keep passive inflows flowing into QQQ, helping reinforce demand for the ETF. The Qs Shift Gears: Nasdaq 100 Rebalances While SpaceX Looms
• Neutral Sentiment: Several pieces compare QQQ with QQQM and SPY, but these are mostly portfolio-structure and fee discussions rather than direct drivers of near-term performance. QQQ vs QQQM: Same Nasdaq-100 Index, One Clear Winner for Long-Term Investors
• Neutral Sentiment: Macro articles on inflation, Fed policy, GDP, and Iran peace talks signal a risk-on/risk-off backdrop that is influencing QQQ, but they do not point to a single ETF-specific event. Thursday’s Hot Inflation Print Could Scare A Lot Of People Into The Wrong Trade
• Negative Sentiment: Comments that a hotter inflation print and a hawkish Fed could hurt growth stocks are a headwind for QQQ, which is heavily weighted toward rate-sensitive technology names.
• Negative Sentiment: A bearish take on QQQ’s AI exposure suggests the market may be too optimistic about the durability of the megacap tech growth trade. QQQ: The AI Business Model Is Likely Collapsing

Invesco QQQ Price Performance

QQQ stock opened at $737.95 on Tuesday. Invesco QQQ has a 52 week low of $523.65 and a 52 week high of $748.65. The company’s 50-day moving average price is $697.96 and its 200 day moving average price is $640.45.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 22nd will be paid a $0.8135 dividend. This represents a $3.25 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Monday, June 22nd. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.73.

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.