Invesco QQQ $QQQ is Trinity Wealth Management LLC’s 3rd Largest Position

Trinity Wealth Management LLC lessened its stake in Invesco QQQ (NASDAQ:QQQ) by 3.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 32,722 shares of the exchange traded fund’s stock after selling 1,201 shares during the period. Invesco QQQ comprises 7.6% of Trinity Wealth Management LLC’s portfolio, making the stock its 3rd largest holding. Trinity Wealth Management LLC’s holdings in Invesco QQQ were worth $24,097,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Carrera Capital Advisors lifted its stake in Invesco QQQ by 99.3% in the 4th quarter. Carrera Capital Advisors now owns 2,316 shares of the exchange traded fund’s stock valued at $1,423,000 after buying an additional 1,154 shares in the last quarter. Flatrock Wealth Partners LLC purchased a new position in Invesco QQQ during the first quarter worth $924,000. Hegarty Advisors LLC acquired a new position in shares of Invesco QQQ in the first quarter worth $2,212,000. Ascension Capital Advisors Inc. raised its holdings in shares of Invesco QQQ by 643.8% in the first quarter. Ascension Capital Advisors Inc. now owns 3,094 shares of the exchange traded fund’s stock worth $1,786,000 after acquiring an additional 2,678 shares during the last quarter. Finally, Cane Capital Partners LLC purchased a new stake in shares of Invesco QQQ in the fourth quarter valued at $715,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.9%

QQQ opened at $717.30 on Thursday. Invesco QQQ has a 52 week low of $555.60 and a 52 week high of $748.65. The business’s fifty day simple moving average is $714.91 and its 200 day simple moving average is $660.05.

Invesco QQQ Increases Dividend

The company 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 a positive change from Invesco QQQ’s previous quarterly dividend of $0.73. The ex-dividend date was Monday, June 22nd. 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: Strong corporate earnings helped support equities and could provide a tailwind for QQQ’s technology-heavy holdings. Continued capital spending, enterprise demand and AI backlogs also support the longer-term growth outlook for major Nasdaq companies. Robust Earnings Help Boost Markets
• Positive Sentiment: Some market commentary argues that AI stocks may have already completed a washout and that expanding AI capital expenditures and strong margins could revive investor interest in the sector. Chart Storm: 10 Reasons AI Stocks Have Bottomed
• Neutral Sentiment: Broad-market ETFs were mixed after midday, indicating that investors lacked a clear risk-on or risk-off direction. This likely contributed to subdued trading in QQQ. Exchange-Traded Funds, US Equities Mixed After Midday
• Neutral Sentiment: Strong historical returns and asset growth in leveraged Nasdaq funds such as ProShares Ultra QQQ (QLD) and ProShares UltraPro QQQ (TQQQ) highlight continued demand for Nasdaq exposure, although these products do not directly determine QQQ’s value. How ProShares Ultra QQQ Quietly Built $14.46 Billion in Assets
• Negative Sentiment: Surprisingly strong jobs data lifted concerns that interest rates could remain higher for longer, pressuring growth-oriented technology valuations. Semiconductor weakness, including a sharp pullback in Micron, also weighs on QQQ’s chip exposure. Stock Market Today: Dow Rises After Surprise Jobs Data Micron’s Sharp Pullback Hits Major Tech ETFs
• Negative Sentiment: Bearish commentary warning that the AI rally could resume its decline, combined with concerns about elevated chip valuations and a possible September correction, encouraged profit-taking in Nasdaq growth stocks. The AI Bubble Burst To Resume: Sell The Rally

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.