Meitav Investment House Ltd. Reduces Position in Invesco QQQ $QQQ

Meitav Investment House Ltd. reduced its position in shares of Invesco QQQ (NASDAQ:QQQ) by 5.9% during the 1st quarter, HoldingsChannel reports. The firm owned 629,747 shares of the exchange traded fund’s stock after selling 39,498 shares during the period. Invesco QQQ comprises about 4.0% of Meitav Investment House Ltd.’s investment portfolio, making the stock its 3rd largest holding. Meitav Investment House Ltd.’s holdings in Invesco QQQ were worth $363,457,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. University of Texas Texas AM Investment Management Co. bought a new position in shares of Invesco QQQ during the 4th quarter worth $25,000. Shcp LLC purchased a new position in shares of Invesco QQQ during the third quarter valued at $27,000. Annis Gardner Whiting Capital Advisors LLC raised its holdings in shares of Invesco QQQ by 2,150.0% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock valued at $28,000 after acquiring an additional 43 shares in the last quarter. Rachor Investment Advisory Services LLC bought a new stake in shares of Invesco QQQ in the fourth quarter valued at about $29,000. Finally, Islay Capital Management LLC bought a new stake in shares of Invesco QQQ in the fourth quarter valued at about $32,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 2.0%

NASDAQ:QQQ traded down $14.42 during mid-day trading on Tuesday, reaching $708.40. The company’s stock had a trading volume of 19,114,099 shares, compared to its average volume of 54,866,117. Invesco QQQ has a 1 year low of $551.10 and a 1 year high of $748.65. The stock has a fifty day moving average of $712.54 and a 200-day moving average of $646.51.

Invesco QQQ Increases Dividend

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

Invesco QQQ News Summary

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

• Positive Sentiment: SpaceX is joining the Nasdaq-100, which means QQQ will gain indirect exposure to a new high-profile growth and AI infrastructure name. Because QQQ tracks the Nasdaq-100, index funds will need to buy shares, reinforcing the fund’s link to leading tech and innovation stocks. Article Title
• Positive Sentiment: Several market updates said retail sentiment around QQQ remained bullish, while broader tech and AI-related stocks showed signs of resilience ahead of upcoming earnings and macro data. That can support investor interest in the ETF’s large-cap growth holdings. Article Title
• Neutral Sentiment: Commentary on Q2 GDP, job growth, and the upcoming earnings stampede points to a busy macro and corporate calendar. Investors may be waiting for more evidence on growth and rates before adding to tech exposure. Article Title
• Neutral Sentiment: Multiple articles debating the AI trade, market concentration, and whether tech is overextended suggest uncertainty around the sector that dominates QQQ’s holdings. This kind of debate can keep gains capped even when fundamentals remain solid. Article Title
• Negative Sentiment: Tech futures were pressured after Samsung-related weakness hit the AI chip trade, and several notes warned that government scrutiny of AI could weigh on the sector. Since QQQ is heavily weighted toward mega-cap tech, any pullback in AI and semiconductors can drag the ETF lower. Article Title
• Negative Sentiment: Broader commentary warning that the market is becoming more dangerous, that AI enthusiasm may be stretched, and that a growth-stock downturn could hurt leveraged and tech-heavy funds adds to risk-off sentiment around QQQ. Article Title

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.