Conscious Wealth Investments LLC Grows Stake in Invesco QQQ $QQQ

Conscious Wealth Investments LLC lifted its holdings in Invesco QQQ (NASDAQ:QQQ) by 70.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 3,362 shares of the exchange traded fund’s stock after purchasing an additional 1,385 shares during the period. Conscious Wealth Investments LLC’s holdings in Invesco QQQ were worth $2,143,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Goodman Advisory Group LLC purchased a new position in Invesco QQQ in the 3rd quarter worth $25,000. University of Texas Texas AM Investment Management Co. purchased a new position in Invesco QQQ in the fourth quarter valued at $25,000. Shcp LLC purchased a new position in shares of Invesco QQQ in the 3rd quarter valued at about $27,000. Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of 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 worth $28,000 after buying an additional 43 shares during the period. Finally, Rachor Investment Advisory Services LLC acquired a new position in Invesco QQQ during the fourth quarter worth $29,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Invesco QQQ

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

• Positive Sentiment: The Nasdaq and broader U.S. equity markets moved higher into month-end, helping support QQQ as investors rotated back into large-cap technology and growth names. Stock Market Today: Nasdaq Shows Its Might; This Tech Player Hits A New High (Live Coverage)
• Positive Sentiment: Several pieces pointed to continued strength in Nasdaq-100 ETFs, arguing the index still has room to climb and that seasonality, improving breadth, and technical momentum could keep inflows coming. 3 Reasons Investors Should Buy in July
• Positive Sentiment: SpaceX’s planned July 7 entry into the Nasdaq-100 could trigger estimated passive inflows into index funds that track the benchmark, including QQQ, creating a near-term demand tailwind. SpaceX Achieves Escape Velocity With Nasdaq Fast-Track
• Neutral Sentiment: Some commentary warned that the tech rally may be stretched, citing concentration risk in mega-cap names and prior weakness in the Nasdaq 100, which could temper enthusiasm for QQQ. Nasdaq 100 Flashes Warning Signs After 5-Day Slide: Is The Tech Rally Running Out Of Steam?
• Neutral Sentiment: Articles debating whether investors should hedge or diversify beyond mega-caps highlight concern about QQQ’s heavy tech concentration, but they do not signal an immediate fundamental problem for the fund. It’s Time To Hedge

Invesco QQQ Stock Up 1.7%

Shares of NASDAQ:QQQ opened at $736.40 on Wednesday. Invesco QQQ has a 1 year low of $544.66 and a 1 year high of $748.65. The business’s 50 day moving average price is $708.42 and its 200-day moving average price is $644.38.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, June 22nd will be issued a dividend of $0.8135 per share. The ex-dividend date is Monday, June 22nd. This represents a $3.25 dividend on an annualized basis and a dividend yield of 0.4%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.73.

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.