Empirical Finance LLC Decreases Stock Position in Invesco QQQ $QQQ

Empirical Finance LLC decreased its position in Invesco QQQ (NASDAQ:QQQ) by 7.6% during the second quarter, Holdings Channel.com reports. The fund owned 11,271 shares of the exchange traded fund’s stock after selling 926 shares during the quarter. Empirical Finance LLC’s holdings in Invesco QQQ were worth $8,300,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Flatrock Wealth Partners LLC purchased a new stake in shares of Invesco QQQ in the first quarter worth $924,000. Hegarty Advisors LLC bought a new position in shares of Invesco QQQ during the first quarter valued at $2,212,000. Ascension Capital Advisors Inc. raised its position in shares of 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 worth $1,786,000 after purchasing an additional 2,678 shares during the last quarter. Financial Insights Inc. raised its position in shares of Invesco QQQ by 6.8% in the 2nd quarter. Financial Insights Inc. now owns 29,790 shares of the exchange traded fund’s stock worth $21,938,000 after purchasing an additional 1,901 shares during the last quarter. Finally, First Bancorp Inc ME bought a new position in Invesco QQQ in the 2nd quarter worth about $677,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ stock traded down $0.60 during trading on Tuesday, hitting $718.36. 28,170,374 shares of the stock traded hands, compared to its average volume of 50,109,508. Invesco QQQ has a 1 year low of $555.60 and a 1 year high of $748.65. The firm’s 50 day moving average is $711.15 and its two-hundred day moving average is $676.63.

Invesco QQQ Increases Dividend

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

Invesco QQQ News Summary

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

• Positive Sentiment: QQQ’s long-term performance remains a major attraction: an article notes that the ETF’s high-growth holdings have helped it increase an investment roughly sixfold over the past decade. This ETF Would Have Increased Your Investment by 6x Over the Past 10 Years
• Positive Sentiment: Expectations that the Federal Reserve will avoid additional rate hikes could support high-growth technology valuations, although the timing and strength of any future easing remain uncertain. There Will Be No Fed Rate Hikes
• Positive Sentiment: QQQ’s fee structure has reportedly improved after years of pressure from lower-cost rivals, potentially making the fund more competitive for investors. QQQ Charged 0.20% for Years
• Neutral Sentiment: The upcoming CPI report is viewed as an important catalyst because it could significantly shift expectations for Fed policy and the valuation of QQQ’s growth-heavy holdings. Friday’s CPI Report Is More Important Than You Think
• Negative Sentiment: Markets moved lower amid an oil-price increase, which raises inflation concerns and can pressure technology stocks by keeping interest rates higher for longer. Markets Move To The Downside Amid Uptick In Oil Prices
• Negative Sentiment: Analysts highlighted rising risks of a stock-market sell-off, weakening employment data, and the possibility of a Federal Reserve policy mistake—factors that could reduce appetite for QQQ’s richly valued growth stocks. Risks Increased For A Stock Market Sell-Off
• Negative Sentiment: Concerns about an AI bubble and the sustainability of technology-sector earnings add pressure to QQQ, particularly through major holdings such as Nvidia. Nvidia Braces for AI Bubble Burst
• Negative Sentiment: QQQ also faces a relative-cost disadvantage versus QQQM, which tracks the same Nasdaq-100 index at a lower expense ratio and could encourage long-term investors to choose the alternative. QQQ vs QQQM

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.