Turtle Creek Wealth Advisors LLC grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 176.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,839 shares of the exchange traded fund’s stock after buying an additional 1,811 shares during the quarter. Turtle Creek Wealth Advisors LLC’s holdings in Invesco QQQ were worth $1,639,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of QQQ. Goodman Advisory Group LLC purchased a new stake in Invesco QQQ in the third quarter worth $25,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of Invesco QQQ in the fourth quarter worth about $25,000. Shcp LLC purchased a new position in Invesco QQQ in the 3rd quarter worth about $27,000. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in Invesco QQQ by 2,150.0% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock valued at $28,000 after buying an additional 43 shares in the last quarter. Finally, Rachor Investment Advisory Services LLC purchased a new stake in Invesco QQQ in the 4th quarter valued at about $29,000. 44.58% of the stock is owned by institutional investors.
Trending Headlines about Invesco QQQ
Here are the key news stories impacting Invesco QQQ this week:
- Positive Sentiment: The June jobs reports and related commentary point to softer hiring, which could reduce pressure on the Federal Reserve to stay hawkish and support growth stocks like QQQ’s heavy tech holdings. BLS Jobs Report: +57K, Half Expectations
- Positive Sentiment: Several articles argue that cooler labor-market data is already cooling rate-hike talk, which tends to help long-duration assets and growth ETFs such as QQQ. U.S. Rate Hike Talk Cools On Softer Jobs Data
- Positive Sentiment: Despite recent AI worries, some coverage says the semiconductor rotation and broader Nasdaq strength still look intact, which is supportive for QQQ’s top holdings. The Rotation Is Turning On Semiconductors
- Neutral Sentiment: Market commentary shows a split tape, with ETFs and U.S. equities mixed after midday and investors waiting for more clarity on growth and rates. Exchange-Traded Funds Fall, US Equities Mixed After Midday
- Neutral Sentiment: There is also a steady stream of cautious AI commentary, including warnings about a possible bubble and heavy capex, but other articles push back and say those concerns may be overstated. Michael Burry’s newest short reveals what really worries him about AI
- Negative Sentiment: Articles highlighting a sharp drop in the Magnificent 7’s market value and “AI bubble” fears could weigh on QQQ because the fund is heavily exposed to mega-cap tech. The Mag 7 Just Lost $2.3 Trillion in a Single Month. Here’s the AI Fear Behind It
- Negative Sentiment: One piece also warns that QQQ investors may be paying up for a fee structure that lags a cheaper sibling ETF, which is a longer-term headwind for fund flows. With the SpaceX IPO Reshaping the Nasdaq, Is QQQ Still a Smart Investment Right Now?
Invesco QQQ Stock Performance
Invesco QQQ Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 22nd will be issued a dividend of $0.8135 per share. This represents a $3.25 annualized dividend and a yield of 0.5%. The ex-dividend date is Monday, June 22nd. 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.
Featured Stories
- Five stocks we like better than Invesco QQQ
- Shorting the Grid: Bloom Energy’s $25B AI Power Play
- SanDisk’s Volatility May Be Telling Bulls What They Want to Hear
- Meta’s AI Compute Push Could Turn Its Massive CapEx Bill Into a Competitive Weapon
- 3 Dividend ETFs Built for Stability in a Volatile Market
Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ – Free Report).
Receive News & Ratings for Invesco QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ and related companies with MarketBeat.com's FREE daily email newsletter.
