Lighthouse Wealth Management Inc. Raises Stock Position in Invesco QQQ $QQQ

Lighthouse Wealth Management Inc. grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 4.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,806 shares of the exchange traded fund’s stock after buying an additional 1,160 shares during the period. Invesco QQQ accounts for about 10.1% of Lighthouse Wealth Management Inc.’s investment portfolio, making the stock its biggest holding. Lighthouse Wealth Management Inc.’s holdings in Invesco QQQ were worth $14,895,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in QQQ. Well Done LLC increased its position in Invesco QQQ by 0.5% in the 4th quarter. Well Done LLC now owns 3,439 shares of the exchange traded fund’s stock valued at $2,113,000 after acquiring an additional 16 shares during the period. Tenon Financial LLC boosted its position in Invesco QQQ by 2.2% during the 4th quarter. Tenon Financial LLC now owns 805 shares of the exchange traded fund’s stock worth $494,000 after acquiring an additional 17 shares during the period. SJS Investment Consulting Inc. grew its stake in shares of Invesco QQQ by 1.7% in the fourth quarter. SJS Investment Consulting Inc. now owns 1,017 shares of the exchange traded fund’s stock worth $625,000 after purchasing an additional 17 shares in the last quarter. Cascade Investment Group Inc. grew its stake in shares of Invesco QQQ by 4.6% in the fourth quarter. Cascade Investment Group Inc. now owns 388 shares of the exchange traded fund’s stock worth $238,000 after purchasing an additional 17 shares in the last quarter. Finally, Keeler & Nadler Financial Planning & Wealth Management increased its holdings in shares of Invesco QQQ by 3.0% during the fourth quarter. Keeler & Nadler Financial Planning & Wealth Management now owns 576 shares of the exchange traded fund’s stock valued at $354,000 after purchasing an additional 17 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

More Invesco QQQ News

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

• Positive Sentiment: The Nasdaq and broader U.S. equity markets moved higher into month-end, helping support QQQ as investors rotated back into large-cap technology and growth names. Stock Market Today: Nasdaq Shows Its Might; This Tech Player Hits A New High (Live Coverage)
• Positive Sentiment: Several pieces pointed to continued strength in Nasdaq-100 ETFs, arguing the index still has room to climb and that seasonality, improving breadth, and technical momentum could keep inflows coming. 3 Reasons Investors Should Buy in July
• Positive Sentiment: SpaceX’s planned July 7 entry into the Nasdaq-100 could trigger estimated passive inflows into index funds that track the benchmark, including QQQ, creating a near-term demand tailwind. SpaceX Achieves Escape Velocity With Nasdaq Fast-Track
• Neutral Sentiment: Some commentary warned that the tech rally may be stretched, citing concentration risk in mega-cap names and prior weakness in the Nasdaq 100, which could temper enthusiasm for QQQ. Nasdaq 100 Flashes Warning Signs After 5-Day Slide: Is The Tech Rally Running Out Of Steam?
• Neutral Sentiment: Articles debating whether investors should hedge or diversify beyond mega-caps highlight concern about QQQ’s heavy tech concentration, but they do not signal an immediate fundamental problem for the fund. It’s Time To Hedge

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $736.40 on Wednesday. Invesco QQQ has a fifty-two week low of $544.66 and a fifty-two week high of $748.65. The firm’s 50-day simple moving average is $708.42 and its 200 day simple moving average is $644.38.

Invesco QQQ Increases Dividend

The business 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 dividend of $0.8135 per share. 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 a positive change 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.