Cannon Capital Management Inc. Grows Position in Invesco QQQ $QQQ

Posted by George Bondi on Jul 21st, 2026

Cannon Capital Management Inc. grew its position in Invesco QQQ (NASDAQ:QQQ – Free Report) by 7.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 32,026 shares of the exchange traded fund’s stock after purchasing an additional 2,204 shares during the period. Invesco QQQ accounts for about 15.0% of Cannon Capital Management Inc.’s portfolio, making the stock its biggest position. Cannon Capital Management Inc.’s holdings in Invesco QQQ were worth $18,485,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Carrera Capital Advisors boosted its position in shares of Invesco QQQ by 99.3% in the fourth quarter. Carrera Capital Advisors now owns 2,316 shares of the exchange traded fund’s stock valued at $1,423,000 after acquiring an additional 1,154 shares during the period. Flatrock Wealth Partners LLC bought a new position in Invesco QQQ during the first quarter worth $924,000. Hegarty Advisors LLC acquired a new position in Invesco QQQ during the 1st quarter valued at $2,212,000. Sovran Advisors LLC raised its stake in Invesco QQQ by 8.0% during the 4th quarter. Sovran Advisors LLC now owns 18,032 shares of the exchange traded fund’s stock valued at $11,212,000 after purchasing an additional 1,340 shares during the last quarter. Finally, Corepath Wealth Partners LLC boosted its holdings in Invesco QQQ by 19.7% in the 4th quarter. Corepath Wealth Partners LLC now owns 8,723 shares of the exchange traded fund’s stock valued at $5,471,000 after purchasing an additional 1,436 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Key Invesco QQQ News

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

Positive Sentiment: Analysts highlighted improving market momentum and said the current rates-of-change still support the bull market, which is constructive for QQQ’s tech-heavy holdings. Improving Rates Of Change Support The Bull Market
Positive Sentiment: Another article argued that AI capital spending and the upcoming earnings wave could continue to support hyperscalers and other large Nasdaq names, a bullish backdrop for QQQ. AI CapEx, Hyperscalers, And The Next Earnings Wave
Neutral Sentiment: Invesco QQQ’s low-volatility ETF declared a monthly distribution, which is more relevant as a routine income update than as a major driver of the main QQQ fund. Invesco QQQ low volatility ETF declares monthly distribution of $0.0481
Negative Sentiment: Some commentary warned that tech is showing warning signs and that valuations may be stretched, which could pressure QQQ if growth stocks cool off. An Extreme Energy Crack Spread And Two Warning Signs In Technology
Negative Sentiment: Other reports said tariffs and inflation are pushing the economy toward a recession, a risk that could hurt risk assets and high-multiple tech shares. Tariffs And Inflation Are Pushing The Economy Toward A Recession
Negative Sentiment: A market note warned that a large liquidity event could hit markets this week, creating volatility for QQQ’s major holdings. A $90 Billion Liquidity Storm May Hit Markets This Week
Negative Sentiment: One article also compared the AI boom to the dot-com bust, reinforcing concern that tech enthusiasm may be running too hot. The AI Bubble Looks A Lot Like Dot-Com Bust

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $696.06 on Tuesday. The firm has a fifty day moving average price of $720.06 and a two-hundred day moving average price of $653.90. Invesco QQQ has a fifty-two week low of $551.68 and a fifty-two week high of $748.65.

Invesco QQQ Increases Dividend

The business also recently disclosed 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 is an increase 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.

Invesco QQQ Company Profile

(Free Report)

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.