TSG Advice Partners LLC Sells 2,283 Shares of Invesco QQQ $QQQ

TSG Advice Partners LLC lowered its position in Invesco QQQ (NASDAQ:QQQ) by 44.1% during the 1st quarter, HoldingsChannel reports. The firm owned 2,892 shares of the exchange traded fund’s stock after selling 2,283 shares during the period. TSG Advice Partners LLC’s holdings in Invesco QQQ were worth $1,669,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in QQQ. 4Thought Financial Group Inc. grew its stake in Invesco QQQ by 38.8% in the 1st quarter. 4Thought Financial Group Inc. now owns 1,703 shares of the exchange traded fund’s stock worth $983,000 after buying an additional 476 shares in the last quarter. Root Financial Partners LLC raised its position in shares of Invesco QQQ by 1.7% during the 1st quarter. Root Financial Partners LLC now owns 8,355 shares of the exchange traded fund’s stock valued at $4,822,000 after buying an additional 141 shares in the last quarter. Stock Yards Bank & Trust Co. raised its position in shares of Invesco QQQ by 4.5% during the 1st quarter. Stock Yards Bank & Trust Co. now owns 12,160 shares of the exchange traded fund’s stock valued at $7,019,000 after buying an additional 521 shares in the last quarter. Bellevue Asset Management LLC lifted its holdings in shares of Invesco QQQ by 6.3% during the 1st quarter. Bellevue Asset Management LLC now owns 335 shares of the exchange traded fund’s stock worth $194,000 after acquiring an additional 20 shares during the last quarter. Finally, Semus Wealth Partners LLC lifted its holdings in shares of Invesco QQQ by 0.7% during the 1st quarter. Semus Wealth Partners LLC now owns 4,160 shares of the exchange traded fund’s stock worth $2,401,000 after acquiring an additional 29 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 1.5%

QQQ opened at $725.17 on Thursday. Invesco QQQ has a 12-month low of $546.12 and a 12-month high of $748.65. The stock has a 50-day moving average price of $709.98 and a 200-day moving average price of $645.08.

Invesco QQQ Increases Dividend

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

Key Invesco QQQ News

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

• Positive Sentiment: Broad market sentiment around tech remains supportive, with reports that the Nasdaq showed strength, U.S. equities advanced, and analysts highlighted continued AI-driven upside that could help the Nasdaq-100 holdings inside QQQ. Article Title
• Positive Sentiment: SpaceX is set to join the Nasdaq-100 on July 7, and coverage says passive index funds will need to buy the stock, which could lift Nasdaq-100-tracking products like QQQ through rebalancing flows. Article Title
• Neutral Sentiment: Economic data was mixed, with ADP jobs growth cooling below 100,000 for the first time since March while job openings hit a two-year high; that combination leaves interest-rate expectations and growth sentiment uncertain for large-cap tech. Article Title
• Negative Sentiment: One article argued that QQQ investors are “silently losing” performance over time because of its fee structure versus a cheaper near-identical alternative, which may pressure sentiment toward the fund itself even if it does not affect the underlying Nasdaq-100 holdings. Article Title

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.