Northwestern Mutual Wealth Management Co. Sells 8,420 Shares of Invesco QQQ $QQQ

Northwestern Mutual Wealth Management Co. trimmed its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 0.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,173,768 shares of the exchange traded fund’s stock after selling 8,420 shares during the quarter. Invesco QQQ makes up 1.2% of Northwestern Mutual Wealth Management Co.’s holdings, making the stock its 15th biggest holding. Northwestern Mutual Wealth Management Co.’s holdings in Invesco QQQ were worth $2,337,163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. University of Texas Texas AM Investment Management Co. bought a new position in Invesco QQQ during the 4th quarter worth approximately $25,000. Shcp LLC acquired a new stake in shares of Invesco QQQ during the third quarter worth $27,000. Annis Gardner Whiting Capital Advisors LLC increased its position in shares of Invesco QQQ by 2,150.0% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 43 shares during the period. Parvin Asset Management LLC bought a new position in Invesco QQQ during the first quarter worth $28,000. Finally, High Point Wealth Management LLC raised its stake in Invesco QQQ by 68.0% during the second quarter. High Point Wealth Management LLC now owns 42 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 17 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.0%

Shares of QQQ opened at $716.76 on Tuesday. The firm’s fifty day simple moving average is $711.11 and its two-hundred day simple moving average is $672.73. Invesco QQQ has a 12 month low of $555.60 and a 12 month high of $748.65.

Invesco QQQ Increases Dividend

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

Invesco QQQ News Roundup

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

• Positive Sentiment: QQQ continues to attract investor interest as AI, semiconductor, and memory-chip themes drive significant inflows into technology-focused ETFs. The fund’s long-term performance and exposure to major Nasdaq-100 companies remain key bullish arguments. These 5 ETFs Have Raked in Cash This Year—What Do They All Have in Common?
• Positive Sentiment: Some market strategists expect technology stocks to rally in September and are adding software and chip exposure, which could support QQQ’s heavily weighted megacap technology holdings. Tech Rallies In September, I’m Adding Software And Chip Stocks
• Neutral Sentiment: QQQ’s strong historical returns and role in diversified portfolios continue to appeal to long-term investors, although past performance does not eliminate short-term volatility. If You’d Invested $1,000 in QQQ 20 Years Ago, Here’s What You’d Have Today
• Neutral Sentiment: Goldman Sachs’ move into the Nasdaq-100 high-income ETF space highlights demand for technology exposure with distributions. However, QQQ’s growth-oriented strategy differs from income-focused alternatives, which may attract some yield-seeking investors away from traditional QQQ. Goldman Sachs Is Buying Into High Income ETFs, but What Are Nasdaq Investors Giving Up for Those Payouts?
• Negative Sentiment: Reports that higher rates or a September Federal Reserve hike could pressure richly valued growth stocks are a significant headwind for QQQ. Rising bond yields reduce the appeal of long-duration technology earnings and could increase volatility. Forecast: Fed To Hike Interest Rates After Warsh’s Jackson Hole Talk
• Negative Sentiment: Broad U.S. equity ETFs moved lower during the session, while recent technology sell-offs renewed concerns that QQQ is concentrated in a relatively small group of expensive AI and semiconductor-related companies. Exchange-Traded Funds Lower as US Equities Fall After Midday

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.