Invesco QQQ $QQQ Shares Sold by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC lowered its position in shares of Invesco QQQ (NASDAQ:QQQ) by 71.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,863 shares of the exchange traded fund’s stock after selling 43,885 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Invesco QQQ were worth $10,973,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Well Done LLC lifted its holdings in Invesco QQQ by 0.5% in the 4th quarter. Well Done LLC now owns 3,439 shares of the exchange traded fund’s stock valued at $2,113,000 after acquiring an additional 16 shares during the last quarter. Tenon Financial LLC boosted its position in shares of Invesco QQQ by 2.2% during the 4th quarter. Tenon Financial LLC now owns 805 shares of the exchange traded fund’s stock valued at $494,000 after purchasing an additional 17 shares in the last quarter. SJS Investment Consulting Inc. grew its stake in shares of Invesco QQQ by 1.7% in the 4th quarter. SJS Investment Consulting Inc. now owns 1,017 shares of the exchange traded fund’s stock worth $625,000 after purchasing an additional 17 shares during the last quarter. Cascade Investment Group Inc. grew its stake in shares of Invesco QQQ by 4.6% in the 4th quarter. Cascade Investment Group Inc. now owns 388 shares of the exchange traded fund’s stock worth $238,000 after purchasing an additional 17 shares during the last quarter. Finally, Keeler & Nadler Financial Planning & Wealth Management raised its holdings in shares of Invesco QQQ by 3.0% in the 4th quarter. Keeler & Nadler Financial Planning & Wealth Management now owns 576 shares of the exchange traded fund’s stock worth $354,000 after purchasing an additional 17 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 2.5%

NASDAQ QQQ opened at $740.62 on Friday. Invesco QQQ has a 12 month low of $523.65 and a 12 month high of $748.65. The company’s 50 day simple moving average is $692.71 and its 200 day simple moving average is $638.77.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 22nd will be given a $0.8135 dividend. This represents a $3.25 annualized dividend and a yield of 0.4%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.73. The ex-dividend date is Monday, June 22nd.

Invesco QQQ News Roundup

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

• Positive Sentiment: Broad U.S. equity ETFs were higher or stable in intraday trading, suggesting some support for risk assets and large-cap growth exposure. Exchange-Traded Funds, US Equities Higher After Midday
• Positive Sentiment: Market discussion around semiconductors and AI remains a potential tailwind for QQQ because those sectors are key index holdings. Semiconductor Stocks May Be Creating A Stock Market Misalignment
• Neutral Sentiment: ETFs saw unusual volume and investors are watching flows, but the article does not point to a clear QQQ-specific catalyst. 2 ETFs to Watch for Outsized Volume on US Treasury & Dividend
• Neutral Sentiment: Some commentary continues to debate QQQ’s valuation and whether there are cheaper ways to get tech exposure, but this is more of a long-term positioning argument than an immediate stock driver. VOO vs. QQQ — Which Strong Buy-Rated ETF Should You Choose Now?
• Negative Sentiment: Multiple Fed-related articles point to a hawkish policy shift, which could weigh on QQQ by raising discount-rate pressure on high-multiple tech stocks. Fed Chair Warsh in the Spotlight: Will He Advocate Rate Cuts?
• Negative Sentiment: Articles warning that the Fed may not provide forward guidance and could be moving toward rate hikes are a negative backdrop for growth-oriented ETFs like QQQ. New Era for the Fed: Kevin Warsh at the FOMC

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.