Carnegie Investment Counsel Sells 719 Shares of Invesco QQQ $QQQ

Carnegie Investment Counsel decreased its stake in Invesco QQQ (NASDAQ:QQQ) by 3.6% in the 1st quarter, Holdings Channel.com reports. The fund owned 19,055 shares of the exchange traded fund’s stock after selling 719 shares during the quarter. Carnegie Investment Counsel’s holdings in Invesco QQQ were worth $10,998,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. SFE Investment Counsel increased its position in shares of Invesco QQQ by 12.3% during the 1st quarter. SFE Investment Counsel now owns 448 shares of the exchange traded fund’s stock worth $258,000 after purchasing an additional 49 shares during the last quarter. Merrithew & Thorsten Inc bought a new position in shares of Invesco QQQ in the 1st quarter valued at about $16,241,000. Kaizen Financial Strategies raised its holdings in shares of Invesco QQQ by 1.2% in the 1st quarter. Kaizen Financial Strategies now owns 4,076 shares of the exchange traded fund’s stock valued at $2,610,000 after purchasing an additional 49 shares during the period. 180 Wealth Advisors LLC lifted its stake in Invesco QQQ by 11.8% in the 1st quarter. 180 Wealth Advisors LLC now owns 2,106 shares of the exchange traded fund’s stock valued at $1,215,000 after purchasing an additional 223 shares during the last quarter. Finally, Welch & Forbes LLC increased its position in Invesco QQQ by 2.8% during the first quarter. Welch & Forbes LLC now owns 10,091 shares of the exchange traded fund’s stock worth $5,824,000 after buying an additional 278 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ traded up $2.23 during midday trading on Friday, hitting $725.51. 26,367,856 shares of the company’s stock were exchanged, compared to its average volume of 40,630,508. Invesco QQQ has a 12 month low of $551.56 and a 12 month high of $748.65. The company’s 50 day moving average price is $718.41 and its 200 day moving average price is $650.06.

Invesco QQQ Increases Dividend

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

More Invesco QQQ News

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

• Positive Sentiment: Several pieces pointed to QQQ as a favored way to buy the recent tech pullback, including coverage describing it as a top ETF to load up on during the sell-off and highlighting continued investor demand for Nasdaq-100 exposure. Article Title
• Positive Sentiment: Market chatter around strong Nasdaq-100 trading activity and bullish positioning suggests some investors are still betting on a rebound in large-cap growth and AI-related stocks, which can support QQQ. Article Title
• Neutral Sentiment: BlackRock launched a competing Nasdaq-100 ETF, IQQ, which may increase competition in the category, but it also reinforces continued interest in Nasdaq-100 index products overall. Article Title
• Neutral Sentiment: Other articles focused on macro themes such as inflation, Fed policy, geopolitical tensions, and labor data; these can move QQQ through risk appetite, but they do not directly change the ETF’s fundamentals. Article Title
• Negative Sentiment: Several commentary pieces warned that higher inflation, a hawkish Fed, and geopolitical stress could pressure growth stocks and reduce appetite for Nasdaq-heavy exposure, which is a headwind for QQQ. 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.