Invesco QQQ $QQQ Shares Sold by Wealth Advisory Solutions LLC

Wealth Advisory Solutions LLC reduced its position in shares of Invesco QQQ (NASDAQ:QQQ) by 6.2% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 11,223 shares of the exchange traded fund’s stock after selling 741 shares during the period. Invesco QQQ comprises 1.7% of Wealth Advisory Solutions LLC’s portfolio, making the stock its 15th biggest holding. Wealth Advisory Solutions LLC’s holdings in Invesco QQQ were worth $8,265,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. CAP Partners LLC increased its position in shares of Invesco QQQ by 3.5% during the first quarter. CAP Partners LLC now owns 444 shares of the exchange traded fund’s stock worth $256,000 after purchasing an additional 15 shares in the last quarter. Durante & Waters LLC raised its stake in Invesco QQQ by 1.1% in the 1st quarter. Durante & Waters LLC now owns 1,425 shares of the exchange traded fund’s stock valued at $822,000 after purchasing an additional 15 shares during the last quarter. Roxbury Financial LLC lifted its holdings in Invesco QQQ by 19.7% in the 2nd quarter. Roxbury Financial LLC now owns 91 shares of the exchange traded fund’s stock valued at $67,000 after purchasing an additional 15 shares in the last quarter. GoalVest Advisory LLC lifted its holdings in Invesco QQQ by 0.5% in the 2nd quarter. GoalVest Advisory LLC now owns 3,016 shares of the exchange traded fund’s stock valued at $2,221,000 after purchasing an additional 15 shares in the last quarter. Finally, Forty three Eighteen Advisors LLC boosted its stake in Invesco QQQ by 0.6% during the 1st quarter. Forty three Eighteen Advisors LLC now owns 2,694 shares of the exchange traded fund’s stock worth $1,555,000 after purchasing an additional 16 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.7%

Invesco QQQ stock opened at $710.93 on Friday. Invesco QQQ has a 52-week low of $555.60 and a 52-week high of $748.65. The company has a fifty day simple moving average of $713.92 and a 200-day simple moving average of $667.70.

Invesco QQQ Increases Dividend

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

Invesco QQQ News Summary

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

• Positive Sentiment: Investors continue to focus on artificial intelligence as a potential contributor to U.S. economic growth. Continued AI-related capital spending could support the earnings outlook for several large Nasdaq-100 constituents, including major semiconductor and cloud companies. How Much Is AI Contributing To U.S. Economic Growth?
• Positive Sentiment: QQQ had shown some recovery after an earlier selloff, indicating that investors were still willing to buy technology stocks on weakness. However, the rebound has not overcome broader rate and valuation concerns. QQQ ETF – Invesco QQQ Trust Trends Higher after Tuesday’s Slump
• Neutral Sentiment: Goldman Sachs agreed to acquire NEOS Investments, the issuer of the Nasdaq-100 High Income ETF. The transaction does not directly change QQQ’s holdings, but it highlights continued institutional demand for products tied to the Nasdaq-100 ecosystem. Goldman Sachs Just Paid $2.25 Billion for the Family Behind Your 14% Income Fund
• Negative Sentiment: Broad exchange-traded funds and U.S. equities declined during the session, creating direct selling pressure for QQQ and its large-cap technology holdings. Exchange-Traded Funds Fall as US Equities Decline After Midday
• Negative Sentiment: The 30-year Treasury yield reached its highest level since 2007 amid deficit and AI-spending concerns. Higher long-term yields reduce the relative appeal of high-valuation growth stocks and increase the discount rate applied to future technology earnings. 30-Year Treasury Yield Hits Highest Level Since 2007 as AI Spending and Deficits Collide
• Negative Sentiment: Federal Reserve meeting minutes were viewed as somewhat hawkish, reducing expectations for near-term monetary easing. The resulting pressure on interest-rate-sensitive stocks is particularly relevant for QQQ. Fed Minutes Lean Hawkish, But We Don’t Expect A Hike
• Negative Sentiment: Technical commentary noted that QQQ “gamma flipped,” potentially forcing market makers to sell as prices declined and amplifying short-term volatility. QQQ just gamma flipped

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.