Addison Capital Co Raises Stock Holdings in Invesco QQQ $QQQ

Addison Capital Co grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 16.4% in the first quarter, Holdings Channel reports. The fund owned 6,695 shares of the exchange traded fund’s stock after buying an additional 945 shares during the quarter. Addison Capital Co’s holdings in Invesco QQQ were worth $3,864,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Alliance Wealth Management Group lifted its position in Invesco QQQ by 4.9% in the first quarter. Alliance Wealth Management Group now owns 3,349 shares of the exchange traded fund’s stock worth $1,933,000 after buying an additional 156 shares during the last quarter. Horst & Graben Wealth Management LLC raised its position in Invesco QQQ by 21.3% in the 1st quarter. Horst & Graben Wealth Management LLC now owns 1,931 shares of the exchange traded fund’s stock worth $1,115,000 after purchasing an additional 339 shares during the period. Pioneer Trust Bank N A OR purchased a new stake in Invesco QQQ in the 1st quarter worth about $346,000. Clare Market Investments LLC bought a new stake in Invesco QQQ in the first quarter worth about $8,245,000. Finally, Sather Financial Group Inc boosted its position in shares of Invesco QQQ by 12.2% during the first quarter. Sather Financial Group Inc now owns 1,232 shares of the exchange traded fund’s stock valued at $711,000 after buying an additional 134 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 1.9%

QQQ opened at $709.43 on Wednesday. The stock’s 50 day moving average price is $714.87 and its 200-day moving average price is $648.06. Invesco QQQ has a one year low of $551.10 and a one year high of $748.65.

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 paid a $0.8135 dividend. The ex-dividend date is Monday, June 22nd. 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 yield of 0.5%.

Key Stories Impacting Invesco QQQ

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

• Positive Sentiment: SpaceX’s addition to the Nasdaq-100 could boost passive index inflows and highlights the continued appetite for high-growth names inside QQQ. Invesco QQQ investors will gain indirect exposure to SpaceX through the index. Article Title
• Positive Sentiment: Several articles note that SpaceX’s Nasdaq-100 inclusion should trigger buying from funds that track the index, which can create a short-term tailwind for QQQ as index rebalancing flows come in. Article Title
• Positive Sentiment: Analysts reportedly see strong upside in SpaceX, and broader enthusiasm around major AI and tech names may support sentiment for Nasdaq-linked ETFs like QQQ. Article Title
• Neutral Sentiment: BlackRock is launching a cheaper Nasdaq-100 ETF, which could increase competition for QQQ over time, though the immediate impact is likely limited. Article Title
• Negative Sentiment: Broad market weakness hit Nasdaq futures and tech shares as higher yields and oil prices pressured growth stocks, a headwind for QQQ’s heavy exposure to megacap technology. Article Title
• Negative Sentiment: Technical analysts warned the Nasdaq-100 may be forming a reversal pattern, with one article calling out a potential “diamond top” in QQQ, which could weigh on momentum traders. Article Title
• Negative Sentiment: Commentary about the AI trade being “overheated” and warnings about a possible bubble in growth stocks may add to selling pressure in QQQ’s largest holdings. Article Title

Invesco QQQ Company 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.