Left Brain Wealth Management LLC Lowers Stake in Invesco QQQ $QQQ

Left Brain Wealth Management LLC cut its position in shares of Invesco QQQ (NASDAQ:QQQ) by 34.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,638 shares of the exchange traded fund’s stock after selling 1,388 shares during the quarter. Left Brain Wealth Management LLC’s holdings in Invesco QQQ were worth $1,943,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of QQQ. Carrera Capital Advisors raised its stake in shares of 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 acquiring an additional 1,154 shares during the period. Flatrock Wealth Partners LLC purchased a new stake in Invesco QQQ during the 1st quarter worth $924,000. Hegarty Advisors LLC purchased a new stake in Invesco QQQ during the 1st quarter worth $2,212,000. Ascension Capital Advisors Inc. increased its holdings in Invesco QQQ by 643.8% in the 1st quarter. Ascension Capital Advisors Inc. now owns 3,094 shares of the exchange traded fund’s stock valued at $1,786,000 after purchasing an additional 2,678 shares in the last quarter. Finally, Asset Allocation Strategies LLC acquired a new stake in Invesco QQQ in the 1st quarter valued at $18,142,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Invesco QQQ

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

• Positive Sentiment: Technology stocks benefited early in the session as chip shares recovered and equity futures moved higher. Because QQQ is heavily weighted toward large-cap technology companies, improved semiconductor sentiment and expectations surrounding upcoming Nvidia results provided support. Exchange-Traded Funds, Equity Futures Higher Pre-Bell Tuesday as Chip Stocks Recover
• Positive Sentiment: Investor interest in AI infrastructure remains a tailwind for QQQ’s underlying holdings. A newly launched “neocloud” ETF highlights strong demand for companies supplying AI computing capacity, while QQQ provides indirect exposure through major technology companies that purchase and use that infrastructure. Wall Street Just Invented the Neocloud ETF
• Neutral Sentiment: QQQ’s short-interest data showed no meaningful short position, indicating that short covering is unlikely to be a material driver of the fund’s recent move.
• Neutral Sentiment: Technical analysis identifies substantial support near 700, which could help limit downside, but also notes that QQQ remains in a negative-gamma regime that may amplify volatility around key levels. QQQ is Still in a Negative Gamma Regime
• Negative Sentiment: Broad-market ETFs declined after midday, suggesting that profit-taking and macroeconomic caution overshadowed the earlier technology rebound. Exchange-Traded Funds Fall as US Equities Decline After Midday
• Negative Sentiment: Investors are awaiting inflation data, including the PCE price index. A hotter-than-expected reading could push interest rates higher, pressure high-growth technology valuations, and weigh on QQQ. Concerns about elevated government debt and concentrated earnings growth add to the risk backdrop.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $711.37 on Thursday. The business’s 50-day moving average is $712.40 and its two-hundred day moving average is $670.49. Invesco QQQ has a 12 month low of $555.60 and a 12 month high of $748.65.

Invesco QQQ Increases Dividend

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

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.