WealthCare Asset Management LLC Makes New Investment in Invesco QQQ $QQQ

WealthCare Asset Management LLC purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 7,694 shares of the exchange traded fund’s stock, valued at approximately $5,666,000. Invesco QQQ makes up 2.4% of WealthCare Asset Management LLC’s portfolio, making the stock its 9th largest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. GatePass Capital LLC boosted its position in shares of Invesco QQQ by 34.6% in the second quarter. GatePass Capital LLC now owns 5,880 shares of the exchange traded fund’s stock valued at $4,330,000 after acquiring an additional 1,511 shares during the period. AGP Franklin LLC bought a new stake in Invesco QQQ during the 2nd quarter worth approximately $242,000. Worth Financial Advisory Group LLC bought a new stake in Invesco QQQ during the 2nd quarter worth approximately $447,000. Axiom Investment Management LLC lifted its stake in Invesco QQQ by 2.6% in the 2nd quarter. Axiom Investment Management LLC now owns 2,830 shares of the exchange traded fund’s stock worth $2,084,000 after purchasing an additional 73 shares in the last quarter. Finally, Creekside Partners lifted its stake in Invesco QQQ by 28.6% in the 2nd quarter. Creekside Partners now owns 1,395 shares of the exchange traded fund’s stock worth $1,027,000 after purchasing an additional 310 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 1.4%

Invesco QQQ stock opened at $721.11 on Friday. Invesco QQQ has a fifty-two week low of $555.60 and a fifty-two week high of $748.65. The firm’s fifty day moving average price is $712.01 and its 200-day moving average price is $671.28.

Invesco QQQ Increases Dividend

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

Key Invesco QQQ News

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

• Positive Sentiment: Nvidia’s results provided the clearest catalyst. Robust earnings and guidance eased concerns about slowing artificial-intelligence spending and helped lift both the Nasdaq and S&P 500. Because Nvidia is a major QQQ holding, its strength has an outsized positive effect on the ETF. Nvidia’s Robust Results Power Nasdaq, S&P 500 Index
• Positive Sentiment: Nvidia also removed one major “wall of worry” for technology investors, improving risk appetite across growth stocks and the broader Nasdaq-100. Nvidia Is One Less Brick On The Wall Of Worry, For Now
• Positive Sentiment: The QQQ rally is being driven by semiconductor strength and renewed expectations that falling energy prices could eventually reduce inflation pressures, potentially improving the outlook for interest-rate-sensitive technology shares. QQQ ETF Is Soaring Today. What’s Driving the Rise on August 27? With Energy Prices Falling, Inflation Has Nowhere To Hide
• Neutral Sentiment: Investors are awaiting Federal Reserve messaging from Jackson Hole. Possible changes in the Fed’s policy communication could either support rate-cut expectations or push Treasury yields higher, creating uncertainty for QQQ’s valuation. Jackson Hole Could End In 3 Ways
• Negative Sentiment: Core PCE inflation remained elevated at 3.3% in July, suggesting disinflation has stalled. Persistent price pressures could delay Fed easing and keep bond yields high, which would pressure richly valued growth stocks. Core PCE Inflation At 3.3% In July, Unchanged From June
• Negative Sentiment: Longer-term rate risks, softer consumer confidence and warnings of an eventual AI investment bubble remain headwinds for QQQ, although they have not outweighed Nvidia-driven optimism. Warsh’s Jackson Hole Silence May Push Long-Term Rates Much Higher AI Bubble Alert: The Rubber Hits The Road In 2027

Invesco QQQ Company 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.