Mirae Asset Securities USA Inc. Sells 1,250 Shares of Invesco QQQ $QQQ

Mirae Asset Securities USA Inc. decreased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 0.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 519,624 shares of the exchange traded fund’s stock after selling 1,250 shares during the period. Invesco QQQ accounts for about 11.0% of Mirae Asset Securities USA Inc.’s portfolio, making the stock its 2nd biggest position. Mirae Asset Securities USA Inc.’s holdings in Invesco QQQ were worth $299,917,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Bank of America Corp DE boosted its position in shares of Invesco QQQ by 381.0% during the 4th quarter. Bank of America Corp DE now owns 19,547,552 shares of the exchange traded fund’s stock worth $12,008,257,000 after purchasing an additional 26,505,055 shares in the last quarter. Corient Private Wealth LLC lifted its holdings in shares of Invesco QQQ by 3,567.7% in the 4th quarter. Corient Private Wealth LLC now owns 21,436,917 shares of the exchange traded fund’s stock worth $13,168,912,000 after purchasing an additional 20,852,432 shares in the last quarter. Delta Global Management LP acquired a new position in shares of Invesco QQQ during the fourth quarter valued at about $821,084,000. Align Financial LLC acquired a new position in Invesco QQQ during the 4th quarter valued at about $78,118,000. Finally, SG Americas Securities LLC boosted its position in shares of Invesco QQQ by 120.2% during the fourth quarter. SG Americas Securities LLC now owns 213,722 shares of the exchange traded fund’s stock valued at $131,292,000 after buying an additional 1,270,102 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Key Stories Impacting Invesco QQQ

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

• Positive Sentiment: SpaceX’s addition to the Nasdaq-100 could boost passive index inflows and highlights the continued appetite for high-growth names inside QQQ. Invesco QQQ investors will gain indirect exposure to SpaceX through the index. Article Title
• Positive Sentiment: Several articles note that SpaceX’s Nasdaq-100 inclusion should trigger buying from funds that track the index, which can create a short-term tailwind for QQQ as index rebalancing flows come in. Article Title
• Positive Sentiment: Analysts reportedly see strong upside in SpaceX, and broader enthusiasm around major AI and tech names may support sentiment for Nasdaq-linked ETFs like QQQ. Article Title
• Neutral Sentiment: BlackRock is launching a cheaper Nasdaq-100 ETF, which could increase competition for QQQ over time, though the immediate impact is likely limited. Article Title
• Negative Sentiment: Broad market weakness hit Nasdaq futures and tech shares as higher yields and oil prices pressured growth stocks, a headwind for QQQ’s heavy exposure to megacap technology. Article Title
• Negative Sentiment: Technical analysts warned the Nasdaq-100 may be forming a reversal pattern, with one article calling out a potential “diamond top” in QQQ, which could weigh on momentum traders. Article Title
• Negative Sentiment: Commentary about the AI trade being “overheated” and warnings about a possible bubble in growth stocks may add to selling pressure in QQQ’s largest holdings. Article Title

Invesco QQQ Trading Down 1.9%

NASDAQ QQQ opened at $709.43 on Wednesday. Invesco QQQ has a 1 year low of $551.10 and a 1 year high of $748.65. The company has a fifty day moving average price of $714.87 and a 200-day moving average price of $648.06.

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 paid a $0.8135 dividend. This represents a $3.25 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Monday, June 22nd. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.73.

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.