Nicholas Hoffman & Company LLC. Buys 1,180 Shares of Invesco QQQ $QQQ

Nicholas Hoffman & Company LLC. lifted its stake in Invesco QQQ (NASDAQ:QQQ) by 1.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 98,228 shares of the exchange traded fund’s stock after buying an additional 1,180 shares during the period. Invesco QQQ comprises approximately 1.3% of Nicholas Hoffman & Company LLC.’s holdings, making the stock its 14th largest holding. Nicholas Hoffman & Company LLC.’s holdings in Invesco QQQ were worth $56,696,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. KERR FINANCIAL PLANNING Corp bought a new stake in Invesco QQQ in the first quarter valued at $4,440,000. Addison Capital Co boosted its position in Invesco QQQ by 16.4% in the first quarter. Addison Capital Co now owns 6,695 shares of the exchange traded fund’s stock valued at $3,864,000 after buying an additional 945 shares in the last quarter. Alliance Wealth Management Group grew its stake in Invesco QQQ by 4.9% during the first quarter. Alliance Wealth Management Group now owns 3,349 shares of the exchange traded fund’s stock worth $1,933,000 after buying an additional 156 shares during the last quarter. Horst & Graben Wealth Management LLC grew its stake in Invesco QQQ by 21.3% during the first quarter. Horst & Graben Wealth Management LLC now owns 1,931 shares of the exchange traded fund’s stock worth $1,115,000 after buying an additional 339 shares during the last quarter. Finally, Pioneer Trust Bank N A OR acquired a new stake in shares of Invesco QQQ during the first quarter worth approximately $346,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 1.9%

Shares of QQQ opened at $709.43 on Wednesday. The stock has a fifty day moving average price of $714.87 and a two-hundred day moving average price of $648.06. Invesco QQQ has a 52-week low of $551.10 and a 52-week high of $748.65.

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 $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 is Monday, June 22nd.

Invesco QQQ News Summary

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

• Positive Sentiment: SpaceX’s addition to the Nasdaq-100 could boost passive index inflows and highlights the continued appetite for high-growth names inside QQQ. Invesco QQQ investors will gain indirect exposure to SpaceX through the index. Article Title
• Positive Sentiment: Several articles note that SpaceX’s Nasdaq-100 inclusion should trigger buying from funds that track the index, which can create a short-term tailwind for QQQ as index rebalancing flows come in. Article Title
• Positive Sentiment: Analysts reportedly see strong upside in SpaceX, and broader enthusiasm around major AI and tech names may support sentiment for Nasdaq-linked ETFs like QQQ. Article Title
• Neutral Sentiment: BlackRock is launching a cheaper Nasdaq-100 ETF, which could increase competition for QQQ over time, though the immediate impact is likely limited. Article Title
• Negative Sentiment: Broad market weakness hit Nasdaq futures and tech shares as higher yields and oil prices pressured growth stocks, a headwind for QQQ’s heavy exposure to megacap technology. Article Title
• Negative Sentiment: Technical analysts warned the Nasdaq-100 may be forming a reversal pattern, with one article calling out a potential “diamond top” in QQQ, which could weigh on momentum traders. Article Title
• Negative Sentiment: Commentary about the AI trade being “overheated” and warnings about a possible bubble in growth stocks may add to selling pressure in QQQ’s largest holdings. Article Title

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.