Invesco QQQ $QQQ is Kozak & Associates Inc.’s 4th Largest Position

Kozak & Associates Inc. cut its position in shares of Invesco QQQ (NASDAQ:QQQ) by 8.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 63,600 shares of the exchange traded fund’s stock after selling 5,935 shares during the period. Invesco QQQ accounts for about 8.0% of Kozak & Associates Inc.’s investment portfolio, making the stock its 4th biggest holding. Kozak & Associates Inc.’s holdings in Invesco QQQ were worth $46,121,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in QQQ. Bank of America Corp DE lifted its position in Invesco QQQ by 381.0% during the fourth 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 buying an additional 26,505,055 shares during the period. 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 period. Delta Global Management LP purchased a new stake in shares of Invesco QQQ in the 4th quarter worth about $821,084,000. Align Financial LLC bought a new position in shares of Invesco QQQ in the 4th quarter worth about $78,118,000. Finally, Bank of Montreal Can increased its stake in shares of Invesco QQQ by 142.4% in the 4th quarter. Bank of Montreal Can now owns 1,431,050 shares of the exchange traded fund’s stock worth $877,406,000 after acquiring an additional 840,803 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $700.07 on Tuesday. Invesco QQQ has a 1 year low of $555.60 and a 1 year high of $748.65. The firm has a 50-day moving average of $715.28 and a 200 day moving average of $658.64.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 22nd were paid a dividend of $0.8135 per share. This is a positive change 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 was Monday, June 22nd.

Key Invesco QQQ News

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

• Positive Sentiment: QQQ benefited from a broad technology rally, with the Nasdaq advancing more strongly than the S&P 500 and Dow as investors favored AI infrastructure and other growth stocks. 3 Stocks Surging Most as the Nasdaq Jumps 1.85% in Today’s Midday Rally
• Positive Sentiment: Investor optimism around continued artificial-intelligence spending remains supportive for QQQ, whose Nasdaq-100 holdings include many of the largest hyperscalers and technology companies. 4 Hyperscalers, One Message: The AI Trade Isn’t Over
• Positive Sentiment: Recent commentary says corporate earnings are exceeding expectations despite macroeconomic headwinds, reinforcing the fundamental case for QQQ’s growth-oriented holdings. Despite the Headwinds, Earnings Are Exploding to the Upside
• Neutral Sentiment: SpaceX’s addition to the Nasdaq-100 generated attention, but its current index weighting is small, so it has limited immediate influence on QQQ’s performance. Is QQQ Worth Buying Now That SpaceX Has Joined the Nasdaq-100?
• Neutral Sentiment: QQQ remains one of the three ETFs with exposure to all seven “Magnificent 7” stocks; comparisons of its concentration, fees and returns highlight its continued appeal but also its dependence on a relatively narrow group of mega-cap companies. The 3 ETFs That Hold the Most Magnificent 7
• Negative Sentiment: Invesco reportedly recorded $5.6 billion in ETF outflows on July 31. The data appears to cover the broader Invesco ETF lineup, so the direct effect on QQQ is unclear, but it may signal weaker demand for some products. ETF League Tables: Invesco Loses $5.6B
• Negative Sentiment: A potential breakout in Treasury yields could pressure richly valued Nasdaq-100 growth stocks by increasing discount rates and making bonds more attractive relative to equities. A Major Breakout in Treasury Yields May Be Underway

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.