Financiere des Professionnels Fonds d investissement inc. Decreases Stake in Invesco QQQ $QQQ

Financiere des Professionnels Fonds d investissement inc. trimmed its holdings in Invesco QQQ (NASDAQ:QQQ) by 24.7% during the 1st quarter, Holdings Channel.com reports. The fund owned 53,250 shares of the exchange traded fund’s stock after selling 17,500 shares during the period. Invesco QQQ accounts for about 1.8% of Financiere des Professionnels Fonds d investissement inc.’s portfolio, making the stock its 9th largest position. Financiere des Professionnels Fonds d investissement inc.’s holdings in Invesco QQQ were worth $30,735,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. University of Texas Texas AM Investment Management Co. bought a new stake in Invesco QQQ during the 4th quarter valued at approximately $25,000. Annis Gardner Whiting Capital Advisors LLC boosted its stake in Invesco QQQ by 2,150.0% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 43 shares during the period. Shcp LLC purchased a new stake in Invesco QQQ during the 3rd quarter valued at approximately $27,000. Rachor Investment Advisory Services LLC purchased a new stake in Invesco QQQ during the 4th quarter valued at approximately $29,000. Finally, Islay Capital Management LLC bought a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $32,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ News Roundup

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 Price Performance

QQQ stock opened at $705.94 on Friday. Invesco QQQ has a one year low of $551.68 and a one year high of $748.65. The company’s fifty day moving average price is $720.72 and its 200-day moving average price is $652.83.

Invesco QQQ Increases Dividend

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

About Invesco QQQ

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.