Eagle Global Advisors LLC lessened its holdings in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 3.2% during the second quarter, Holdings Channel reports. The firm owned 40,335 shares of the exchange traded fund’s stock after selling 1,340 shares during the quarter. Invesco QQQ makes up about 1.0% of Eagle Global Advisors LLC’s investment portfolio, making the stock its 27th biggest position. Eagle Global Advisors LLC’s holdings in Invesco QQQ were worth $29,703,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Brighton Jones LLC increased its stake in shares of Invesco QQQ by 15.0% during the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after buying an additional 4,989 shares during the period. Revolve Wealth Partners LLC increased its position in Invesco QQQ by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock valued at $2,687,000 after purchasing an additional 176 shares during the period. Jupiter Wealth Management LLC purchased a new position in Invesco QQQ during the 2nd quarter valued at $290,000. Wealth Group Ltd. lifted its position in shares of Invesco QQQ by 283.7% in the 2nd quarter. Wealth Group Ltd. now owns 24,629 shares of the exchange traded fund’s stock worth $13,587,000 after purchasing an additional 18,210 shares during the period. Finally, Invesco Ltd. lifted its position in shares of Invesco QQQ by 1,057.3% in the 2nd quarter. Invesco Ltd. now owns 33,063 shares of the exchange traded fund’s stock worth $18,239,000 after purchasing an additional 30,206 shares during the period. Institutional investors own 44.58% of the company’s stock.
Invesco QQQ Trading Up 1.4%
Shares of NASDAQ QQQ opened at $721.11 on Friday. Invesco QQQ has a 1 year low of $555.60 and a 1 year high of $748.65. The company’s 50-day moving average is $712.01 and its 200 day moving average is $671.28.
Invesco QQQ Increases Dividend
Key Headlines Impacting Invesco QQQ
Here are the key news stories impacting Invesco QQQ this week:
- Positive Sentiment: Nvidia’s results provided the clearest catalyst. Robust earnings and guidance eased concerns about slowing artificial-intelligence spending and helped lift both the Nasdaq and S&P 500. Because Nvidia is a major QQQ holding, its strength has an outsized positive effect on the ETF. Nvidia’s Robust Results Power Nasdaq, S&P 500 Index
- Positive Sentiment: Nvidia also removed one major “wall of worry” for technology investors, improving risk appetite across growth stocks and the broader Nasdaq-100. Nvidia Is One Less Brick On The Wall Of Worry, For Now
- Positive Sentiment: The QQQ rally is being driven by semiconductor strength and renewed expectations that falling energy prices could eventually reduce inflation pressures, potentially improving the outlook for interest-rate-sensitive technology shares. QQQ ETF Is Soaring Today. What’s Driving the Rise on August 27? With Energy Prices Falling, Inflation Has Nowhere To Hide
- Neutral Sentiment: Investors are awaiting Federal Reserve messaging from Jackson Hole. Possible changes in the Fed’s policy communication could either support rate-cut expectations or push Treasury yields higher, creating uncertainty for QQQ’s valuation. Jackson Hole Could End In 3 Ways
- Negative Sentiment: Core PCE inflation remained elevated at 3.3% in July, suggesting disinflation has stalled. Persistent price pressures could delay Fed easing and keep bond yields high, which would pressure richly valued growth stocks. Core PCE Inflation At 3.3% In July, Unchanged From June
- Negative Sentiment: Longer-term rate risks, softer consumer confidence and warnings of an eventual AI investment bubble remain headwinds for QQQ, although they have not outweighed Nvidia-driven optimism. Warsh’s Jackson Hole Silence May Push Long-Term Rates Much Higher AI Bubble Alert: The Rubber Hits The Road In 2027
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.
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