AXS Investments LLC Takes Position in Invesco QQQ $QQQ

AXS Investments LLC bought a new position in shares of Invesco QQQ (NASDAQ:QQQ) in the first quarter, HoldingsChannel reports. The firm bought 124,179 shares of the exchange traded fund’s stock, valued at approximately $71,674,000. Invesco QQQ accounts for 28.9% of AXS Investments LLC’s investment portfolio, making the stock its largest holding.

Several other large investors also recently modified their holdings of the business. Bank of America Corp DE raised 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 purchasing an additional 26,505,055 shares during the last quarter. Corient Private Wealth LLC grew its position in shares of Invesco QQQ by 3,567.7% in the 4th quarter. Corient Private Wealth LLC now owns 21,436,917 shares of the exchange traded fund’s stock worth $13,168,912,000 after buying an additional 20,852,432 shares during the last quarter. Delta Global Management LP bought a new stake in shares of Invesco QQQ in the 4th quarter worth approximately $821,084,000. Align Financial LLC purchased a new position in shares of Invesco QQQ during the fourth quarter valued at approximately $78,118,000. Finally, SG Americas Securities LLC increased its stake in shares of Invesco QQQ by 120.2% during the fourth quarter. SG Americas Securities LLC now owns 213,722 shares of the exchange traded fund’s stock valued at $131,292,000 after buying an additional 1,270,102 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ News Summary

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

• Negative Sentiment: Chip stocks fell after TSMC’s spending outlook sparked concerns that the AI buildout may face margin pressure and weaker near-term returns, a headwind for Nasdaq-100 heavyweights like QQQ. Article Title
• Neutral Sentiment: Broader ETF and U.S. equity trading was mixed during the day, suggesting investors were rotating rather than broadly abandoning risk assets. Article Title
• Neutral Sentiment: Several articles highlighted QQQ’s long-term performance versus leveraged or alternative ETFs, but these were mostly commentary pieces and not a direct catalyst for the fund today. Article Title
• Neutral Sentiment: Macro updates on cooler inflation, Fed uncertainty, and geopolitical risks add to the market backdrop, but they are not specific to QQQ and have mixed implications for growth stocks. Article Title

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $705.94 on Friday. The business has a 50 day moving average of $720.72 and a 200 day moving average of $652.83. Invesco QQQ has a 52 week low of $551.68 and a 52 week high of $748.65.

Invesco QQQ Increases Dividend

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

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.