PPSC Investment Service Corp Cuts Stock Holdings in Invesco QQQ $QQQ

PPSC Investment Service Corp lessened its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 0.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 263,176 shares of the exchange traded fund’s stock after selling 1,476 shares during the period. Invesco QQQ comprises approximately 12.0% of PPSC Investment Service Corp’s holdings, making the stock its 4th largest holding. PPSC Investment Service Corp’s holdings in Invesco QQQ were worth $151,900,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of QQQ. Carrera Capital Advisors raised its holdings in Invesco QQQ by 99.3% in the 4th quarter. Carrera Capital Advisors now owns 2,316 shares of the exchange traded fund’s stock worth $1,423,000 after purchasing an additional 1,154 shares in the last quarter. Sovran Advisors LLC increased its position in shares of Invesco QQQ by 8.0% during the fourth quarter. Sovran Advisors LLC now owns 18,032 shares of the exchange traded fund’s stock valued at $11,212,000 after buying an additional 1,340 shares during the period. Corepath Wealth Partners LLC increased its position in shares of Invesco QQQ by 19.7% during the fourth quarter. Corepath Wealth Partners LLC now owns 8,723 shares of the exchange traded fund’s stock valued at $5,471,000 after buying an additional 1,436 shares during the period. Cane Capital Partners LLC bought a new position in Invesco QQQ in the fourth quarter worth about $715,000. Finally, Asset Allocation Strategies LLC purchased a new stake in Invesco QQQ in the first quarter worth about $18,142,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ News Roundup

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

• Positive Sentiment: SpaceX’s addition to the Nasdaq-100 could force large index funds, including QQQ, to buy shares, creating extra demand for Nasdaq-heavy portfolios. SpaceX joins Nasdaq-100 index weeks after SPCX IPO
• Positive Sentiment: Multiple pieces highlighted that Nasdaq-100 ETFs remain strong performers, with QQQ still benefiting from investor appetite for large-cap technology and AI-related names. Nasdaq-100 ETFs Keep Sizzling: Can the Rally Last?
• Neutral Sentiment: Comments about AI creating trillions in value reinforce the long-term case for tech-heavy ETFs like QQQ, but they do not provide an immediate stock-specific catalyst. AI Just Minted $10 Trillion and You Own None of It. These 4 ETFs Put You in the Game
• Neutral Sentiment: Some market coverage noted broad U.S. equities rising and mixed ETF performance, suggesting overall sentiment is constructive but not uniformly strong. Exchange-Traded Funds Mixed, US Equities Rise After Midday
• Negative Sentiment: Several articles warned the Nasdaq-100 may be flashing technical warning signs after a recent slide, which could pressure QQQ if tech momentum cools. Nasdaq 100 Flashes Warning Signs After 5-Day Slide: Is The Tech Rally Running Out Of Steam?

Invesco QQQ Stock Up 2.5%

Invesco QQQ stock opened at $724.08 on Tuesday. The stock’s 50 day simple moving average is $706.67 and its two-hundred day simple moving average is $643.61. Invesco QQQ has a fifty-two week low of $544.66 and a fifty-two week high of $748.65.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, June 22nd will be issued a dividend of $0.8135 per share. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.73. The ex-dividend date is Monday, June 22nd. This represents a $3.25 dividend on an annualized basis and a dividend yield of 0.4%.

Invesco QQQ Company 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.