Clearstead Trust LLC Grows Position in Invesco QQQ $QQQ

Clearstead Trust LLC lifted its position in Invesco QQQ (NASDAQ:QQQ) by 5.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 151,861 shares of the exchange traded fund’s stock after purchasing an additional 7,223 shares during the period. Invesco QQQ makes up about 14.3% of Clearstead Trust LLC’s holdings, making the stock its largest holding. Clearstead Trust LLC’s holdings in Invesco QQQ were worth $87,651,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of QQQ. Bessemer Group Inc. grew its stake in Invesco QQQ by 8.1% in the 1st quarter. Bessemer Group Inc. now owns 58,285 shares of the exchange traded fund’s stock valued at $33,641,000 after buying an additional 4,373 shares during the last quarter. Avalon Trust Co lifted its position in Invesco QQQ by 13.2% during the 1st quarter. Avalon Trust Co now owns 727 shares of the exchange traded fund’s stock worth $420,000 after acquiring an additional 85 shares during the last quarter. Gerald Baker Financial Group LLC acquired a new position in Invesco QQQ during the 1st quarter worth $15,102,000. Oder Investment Management LLC lifted its position in Invesco QQQ by 3.3% during the 1st quarter. Oder Investment Management LLC now owns 3,434 shares of the exchange traded fund’s stock worth $1,982,000 after acquiring an additional 109 shares during the last quarter. Finally, One Day In July LLC boosted its holdings in Invesco QQQ by 1.0% during the first quarter. One Day In July LLC now owns 5,018 shares of the exchange traded fund’s stock valued at $2,896,000 after acquiring an additional 48 shares during the period. 44.58% of the stock is owned by institutional investors.

Key Invesco QQQ News

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

• Negative Sentiment: Chip stocks fell after TSMC’s spending outlook sparked concerns that the AI buildout may face margin pressure and weaker near-term returns, a headwind for Nasdaq-100 heavyweights like QQQ. Article Title
• Neutral Sentiment: Broader ETF and U.S. equity trading was mixed during the day, suggesting investors were rotating rather than broadly abandoning risk assets. Article Title
• Neutral Sentiment: Several articles highlighted QQQ’s long-term performance versus leveraged or alternative ETFs, but these were mostly commentary pieces and not a direct catalyst for the fund today. Article Title
• Neutral Sentiment: Macro updates on cooler inflation, Fed uncertainty, and geopolitical risks add to the market backdrop, but they are not specific to QQQ and have mixed implications for growth stocks. Article Title

Invesco QQQ Stock Down 1.6%

Shares of NASDAQ:QQQ opened at $705.94 on Friday. The stock’s 50-day moving average is $720.72 and its 200-day moving average is $652.83. Invesco QQQ has a 52-week low of $551.68 and a 52-week high of $748.65.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 22nd were issued a $0.8135 dividend. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $3.25 dividend on an annualized basis and a yield of 0.5%.

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.