Invesco QQQ $QQQ Stock Holdings Reduced by Sound Income Strategies LLC

Sound Income Strategies LLC lowered its position in Invesco QQQ (NASDAQ:QQQ) by 7.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,498 shares of the exchange traded fund’s stock after selling 1,035 shares during the quarter. Sound Income Strategies LLC’s holdings in Invesco QQQ were worth $7,887,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Goodman Advisory Group LLC bought a new stake in shares of Invesco QQQ in the 3rd quarter valued at approximately $25,000. University of Texas Texas AM Investment Management Co. acquired a new position in Invesco QQQ in the fourth quarter worth approximately $25,000. Shcp LLC bought a new position in Invesco QQQ during the third quarter valued at approximately $27,000. Annis Gardner Whiting Capital Advisors LLC raised its position in 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 valued at $28,000 after acquiring an additional 43 shares in the last quarter. Finally, Rachor Investment Advisory Services LLC bought a new position in Invesco QQQ during the fourth quarter valued at approximately $29,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 1.6%

NASDAQ QQQ opened at $713.61 on Friday. Invesco QQQ has a 12-month low of $549.58 and a 12-month high of $748.65. The company has a 50 day moving average price of $711.37 and a two-hundred day moving average price of $645.79.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Monday, June 22nd will be paid a $0.8135 dividend. This represents a $3.25 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, June 22nd. This is a boost 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: The June jobs reports and related commentary point to softer hiring, which could reduce pressure on the Federal Reserve to stay hawkish and support growth stocks like QQQ’s heavy tech holdings. BLS Jobs Report: +57K, Half Expectations
• Positive Sentiment: Several articles argue that cooler labor-market data is already cooling rate-hike talk, which tends to help long-duration assets and growth ETFs such as QQQ. U.S. Rate Hike Talk Cools On Softer Jobs Data
• Positive Sentiment: Despite recent AI worries, some coverage says the semiconductor rotation and broader Nasdaq strength still look intact, which is supportive for QQQ’s top holdings. The Rotation Is Turning On Semiconductors
• Neutral Sentiment: Market commentary shows a split tape, with ETFs and U.S. equities mixed after midday and investors waiting for more clarity on growth and rates. Exchange-Traded Funds Fall, US Equities Mixed After Midday
• Neutral Sentiment: There is also a steady stream of cautious AI commentary, including warnings about a possible bubble and heavy capex, but other articles push back and say those concerns may be overstated. Michael Burry’s newest short reveals what really worries him about AI
• Negative Sentiment: Articles highlighting a sharp drop in the Magnificent 7’s market value and “AI bubble” fears could weigh on QQQ because the fund is heavily exposed to mega-cap tech. The Mag 7 Just Lost $2.3 Trillion in a Single Month. Here’s the AI Fear Behind It
• Negative Sentiment: One piece also warns that QQQ investors may be paying up for a fee structure that lags a cheaper sibling ETF, which is a longer-term headwind for fund flows. With the SpaceX IPO Reshaping the Nasdaq, Is QQQ Still a Smart Investment Right Now?

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.