PPS&V Asset Management Consultants Inc. lowered its position in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 3.6% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 49,874 shares of the exchange traded fund’s stock after selling 1,882 shares during the period. Invesco QQQ comprises about 19.8% of PPS&V Asset Management Consultants Inc.’s investment portfolio, making the stock its 2nd largest position. PPS&V Asset Management Consultants Inc.’s holdings in Invesco QQQ were worth $36,728,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently modified their holdings of the business. Bank of America Corp DE lifted its position in Invesco QQQ by 381.0% during the 4th quarter. Bank of America Corp DE now owns 19,547,552 shares of the exchange traded fund’s stock valued at $12,008,257,000 after acquiring an additional 26,505,055 shares during the period. Corient Private Wealth LLC grew its holdings in Invesco QQQ by 3,567.7% in the fourth quarter. Corient Private Wealth LLC now owns 21,436,917 shares of the exchange traded fund’s stock worth $13,168,912,000 after purchasing an additional 20,852,432 shares during the period. Delta Global Management LP purchased a new stake in Invesco QQQ in the fourth quarter worth about $821,084,000. Align Financial LLC bought a new position in shares of Invesco QQQ during the fourth quarter valued at approximately $78,118,000. Finally, Bank of Montreal Can increased its stake in shares of Invesco QQQ by 142.4% during the fourth quarter. Bank of Montreal Can now owns 1,431,050 shares of the exchange traded fund’s stock valued at $877,406,000 after purchasing an additional 840,803 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.
Key Headlines Impacting Invesco QQQ
Here are the key news stories impacting Invesco QQQ this week:
- Positive Sentiment: Invesco ETFs attracted approximately $2.8 billion in daily net inflows on August 3, indicating strong investor demand for the firm’s products. While the data covers Invesco’s ETF lineup rather than QQQ alone, it is a favorable signal for the fund franchise. ETF League Tables: Invesco Picks Up $2.8B
- Positive Sentiment: U.S. equities advanced, with the Nasdaq and broad-market ETFs gaining as Caterpillar and Palantir delivered strong earnings reactions. Because QQQ is heavily weighted toward large-cap technology and growth companies, a tech-led market rally is a direct positive for the fund. Exchange-Traded Funds Rise as US Equities Advance After Midday
- Positive Sentiment: Analysts argue that AI stocks may have completed a recent washout, citing expanding capital expenditures, growing enterprise backlogs and historically attractive margins. That outlook supports QQQ’s major AI and semiconductor holdings. Chart Storm: 10 Reasons AI Stocks Have Bottomed
- Neutral Sentiment: QQQ remains one of the primary ETFs holding all seven “Magnificent 7” companies. Its concentration provides strong exposure to leading technology firms but also leaves performance dependent on a relatively small group of mega-cap stocks. The 3 ETFs That Hold the Most Magnificent 7
- Neutral Sentiment: SpaceX’s addition to the Nasdaq-100 has attracted attention, but its initial weighting is relatively small and is unlikely to materially affect QQQ in the near term. Is QQQ Worth Buying Now That SpaceX Has Joined the Nasdaq-100?
- Negative Sentiment: Micron’s sharp post-earnings pullback and broader weakness in semiconductor stocks highlight valuation and AI-cycle risks within QQQ’s technology-heavy portfolio. Micron’s Sharp Pullback Hits These 3 Major Tech ETFs
- Negative Sentiment: Invesco recorded roughly $5.6 billion in ETF outflows on July 31, showing that demand can be volatile despite the more recent inflow figure. ETF League Tables: Invesco Loses $5.6B
Invesco QQQ Trading Up 3.4%
Invesco QQQ Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 22nd were given 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 of this dividend was Monday, June 22nd. This represents a $3.25 dividend on an annualized basis and a yield of 0.4%.
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.
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Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ – Free Report).
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