Kennicott Capital Management LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 19.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 72,704 shares of the exchange traded fund’s stock after acquiring an additional 11,586 shares during the period. Invesco QQQ accounts for 24.8% of Kennicott Capital Management LLC’s portfolio, making the stock its largest holding. Kennicott Capital Management LLC’s holdings in Invesco QQQ were worth $53,539,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Bank of America Corp DE grew its position in shares of 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 purchasing an additional 26,505,055 shares in the last quarter. Corient Private Wealth LLC lifted its position in shares of Invesco QQQ by 3,567.7% in the fourth 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 in the last quarter. Delta Global Management LP purchased a new stake in shares of Invesco QQQ in the fourth quarter worth about $821,084,000. Align Financial LLC bought a new position in Invesco QQQ during the fourth quarter valued at approximately $78,118,000. Finally, Bank of Montreal Can boosted its stake in Invesco QQQ by 142.4% during the fourth quarter. Bank of Montreal Can now owns 1,431,050 shares of the exchange traded fund’s stock valued at $877,406,000 after buying an additional 840,803 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.
Key Headlines Impacting Invesco QQQ
Here are the key news stories impacting Invesco QQQ this week:
- Positive Sentiment: Investor demand remains strong: U.S.-listed ETFs attracted $37 billion last week, including $10.2 billion flowing into QQQ. At the same time, roughly 70% of Nasdaq-100 holdings traded above their 200-day moving averages, indicating broad participation in the rally. Semiconductor ETFs See Profit-Taking as Investors Pile Into QQQ Nasdaq 100 Breadth Hits Its Strongest Level in Over a Year
- Positive Sentiment: Commentary points to additional upside based on historical QQQ signals, market momentum, expected Federal Reserve liquidity, shifting rate expectations, and earnings strength among large technology companies. Historic QQQ Signal Suggests More Gains Ahead Why Momentum, Fed Liquidity, and Tech Beats Signal More Upside
- Neutral Sentiment: Reported short interest was zero shares, with a zero-day days-to-cover ratio. This offers no meaningful evidence of either short-covering support or rising bearish positioning.
- Negative Sentiment: Several analysts warn that AI enthusiasm, elevated valuations, and renewed market optimism could be unsustainable, increasing the risk of a pullback in QQQ’s heavily weighted technology holdings. Timing the AI Boom to Bust The One Chart That Tells Me It Is Time to Get Defensive
- Negative Sentiment: A comparison highlighting QQQ’s higher expense ratio versus the similar QQQM fund may encourage cost-conscious investors to switch products, potentially reducing demand for QQQ over time. Same 100 Stocks, Different Price
Invesco QQQ Stock Performance
Invesco QQQ Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 22nd were given a $0.8135 dividend. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.73. This represents a $3.25 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, June 22nd.
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.
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