Prosperity Consulting Group LLC Has $72.74 Million Position in Invesco QQQ $QQQ

Prosperity Consulting Group LLC boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 0.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 126,020 shares of the exchange traded fund’s stock after acquiring an additional 714 shares during the quarter. Invesco QQQ accounts for 3.2% of Prosperity Consulting Group LLC’s portfolio, making the stock its 4th biggest holding. Prosperity Consulting Group LLC’s holdings in Invesco QQQ were worth $72,736,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of QQQ. Frazier Financial Advisors LLC grew its position in Invesco QQQ by 19.5% in the 1st quarter. Frazier Financial Advisors LLC now owns 337 shares of the exchange traded fund’s stock valued at $195,000 after acquiring an additional 55 shares during the last quarter. Helium Advisors LLC boosted its stake in shares of Invesco QQQ by 15.0% during the first quarter. Helium Advisors LLC now owns 5,043 shares of the exchange traded fund’s stock valued at $2,911,000 after purchasing an additional 656 shares during the period. Delta Financial Advisors LLC boosted its stake in shares of Invesco QQQ by 38.9% during the first quarter. Delta Financial Advisors LLC now owns 511 shares of the exchange traded fund’s stock valued at $295,000 after purchasing an additional 143 shares during the period. Navigation Group LLC bought a new position in shares of Invesco QQQ in the first quarter worth about $1,182,000. Finally, NerdWallet Wealth Partners LLC grew its holdings in shares of Invesco QQQ by 29.5% in the first quarter. NerdWallet Wealth Partners LLC now owns 781 shares of the exchange traded fund’s stock worth $451,000 after purchasing an additional 178 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ News Roundup

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 Down 1.6%

QQQ stock opened at $705.94 on Friday. Invesco QQQ has a 12 month low of $551.68 and a 12 month high of $748.65. The firm’s 50-day moving average is $720.72 and its 200 day moving average is $652.83.

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 dividend of $0.8135 per share. This represents a $3.25 dividend on an annualized basis and a dividend yield of 0.5%. 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.

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.