Next Capital Management LLC Has $11.60 Million Holdings in Invesco QQQ $QQQ

Next Capital Management LLC reduced its position in shares of Invesco QQQ (NASDAQ:QQQ) by 6.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,091 shares of the exchange traded fund’s stock after selling 1,333 shares during the period. Invesco QQQ accounts for approximately 3.5% of Next Capital Management LLC’s portfolio, making the stock its 5th largest position. Next Capital Management LLC’s holdings in Invesco QQQ were worth $11,596,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. CAP Partners LLC lifted its holdings in Invesco QQQ by 3.5% in the 1st quarter. CAP Partners LLC now owns 444 shares of the exchange traded fund’s stock worth $256,000 after buying an additional 15 shares during the period. Durante & Waters LLC increased its stake in shares of Invesco QQQ by 1.1% during the first quarter. Durante & Waters LLC now owns 1,425 shares of the exchange traded fund’s stock valued at $822,000 after buying an additional 15 shares during the period. Well Done LLC increased its stake in shares of Invesco QQQ by 0.5% during the fourth quarter. Well Done LLC now owns 3,439 shares of the exchange traded fund’s stock valued at $2,113,000 after buying an additional 16 shares during the period. Forty three Eighteen Advisors LLC raised its holdings in shares of Invesco QQQ by 0.6% during the first quarter. Forty three Eighteen Advisors LLC now owns 2,694 shares of the exchange traded fund’s stock valued at $1,555,000 after acquiring an additional 16 shares in the last quarter. Finally, Tenon Financial LLC raised its holdings in shares of Invesco QQQ by 2.2% during the fourth quarter. Tenon Financial LLC now owns 805 shares of the exchange traded fund’s stock valued at $494,000 after acquiring an additional 17 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Down 1.5%

Shares of QQQ stock opened at $695.33 on Friday. The stock has a fifty day moving average of $720.41 and a 200 day moving average of $653.13. Invesco QQQ has a 52 week low of $551.68 and a 52 week high of $748.65.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 22nd were given 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 boost from Invesco QQQ’s previous quarterly dividend of $0.73.

Key Invesco QQQ News

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

• Positive Sentiment: Apple is outperforming and hitting fresh records, which helps support QQQ because AAPL is one of its largest holdings. AAPL Stock Hits Fresh Record As July Rally Nears Best Month In Nearly 4 Years — HSBC Sees Another 10% Upside
• Neutral Sentiment: New ETF launches and commentary continue to highlight investor interest in Nasdaq and tech income strategies, but these are not strong enough to move QQQ on their own. Meet TMGN, the 0.88 Fee ETF Betting on Tech Giants and Options Income
• Neutral Sentiment: Broad-market ETFs and U.S. equities were mixed to lower intraday, suggesting overall risk appetite has softened. Exchange-Traded Funds Fall as US Equities Decline After Midday
• Negative Sentiment: Chip stocks are under pressure on TSMC capex concerns, hurting the semiconductor-heavy portion of the Nasdaq-100 and weighing on QQQ. S&P 500, Nasdaq, Dow End Lower As Chip Stocks Slide On TSMC Capex Concerns — TSM, MU, NVDA, UNH, GOOGL In Focus
• Negative Sentiment: Tech and momentum stocks are seeing some of the highest volatility in decades, adding to pressure on the Nasdaq-100 and QQQ. The Tech Shakeout: Market Extremes & Gavin Baker’s Bold Call

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.