NWF Advisory Services Inc. Sells 1,063 Shares of Invesco QQQ $QQQ

NWF Advisory Services Inc. lowered its holdings in Invesco QQQ (NASDAQ:QQQ) by 6.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,527 shares of the exchange traded fund’s stock after selling 1,063 shares during the quarter. Invesco QQQ comprises approximately 1.1% of NWF Advisory Services Inc.’s investment portfolio, making the stock its 23rd largest holding. NWF Advisory Services Inc.’s holdings in Invesco QQQ were worth $9,540,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of QQQ. CAP Partners LLC lifted its stake in shares of Invesco QQQ by 3.5% in the first quarter. CAP Partners LLC now owns 444 shares of the exchange traded fund’s stock valued at $256,000 after buying an additional 15 shares in the last quarter. Well Done LLC increased its position 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 worth $2,113,000 after acquiring an additional 16 shares in the last quarter. Tenon Financial LLC raised its holdings in shares of Invesco QQQ by 2.2% in the 4th quarter. Tenon Financial LLC now owns 805 shares of the exchange traded fund’s stock worth $494,000 after acquiring an additional 17 shares during the last quarter. SJS Investment Consulting Inc. raised its holdings in shares of Invesco QQQ by 1.7% in the 4th quarter. SJS Investment Consulting Inc. now owns 1,017 shares of the exchange traded fund’s stock worth $625,000 after acquiring an additional 17 shares during the last quarter. Finally, Cascade Investment Group Inc. lifted its position in Invesco QQQ by 4.6% in the 4th quarter. Cascade Investment Group Inc. now owns 388 shares of the exchange traded fund’s stock valued at $238,000 after acquiring an additional 17 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Key Invesco QQQ News

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

• Positive Sentiment: Articles highlighting the Nasdaq-100 / QQQ’s long-term edge versus income-focused ETFs may support demand for QQQ by reminding investors that covered-call strategies like JEPQ can lag a growth-heavy benchmark over time. Article Title
• Positive Sentiment: Coverage suggesting the AI trade is still strong could be supportive for QQQ, since the ETF is heavily weighted toward large-cap technology and AI-related names. Article Title
• Positive Sentiment: Discussion of SpaceX joining the Nasdaq-100 may be mildly supportive for QQQ because it reinforces the index’s exposure to high-profile growth companies, even if the initial weighting is expected to be limited. Article Title
• Neutral Sentiment: Reports that broader ETFs traded lower as U.S. equities declined point to a market-wide risk-off tone rather than anything specific to QQQ. Article Title
• Neutral Sentiment: Festival sponsorship news and general macro commentary are not likely to materially affect QQQ. Article Title
• Negative Sentiment: Broader market headlines about equity futures falling on geopolitical tension could weigh on QQQ because technology stocks tend to be sensitive to risk-off moves. Article Title
• Negative Sentiment: Articles warning that the credit market is flashing concern on AI stocks may create caution for QQQ, given its heavy exposure to mega-cap tech and AI beneficiaries. Article Title

Invesco QQQ Trading Down 1.9%

QQQ stock opened at $712.05 on Tuesday. Invesco QQQ has a 52-week low of $551.56 and a 52-week high of $748.65. The business has a 50-day simple moving average of $719.30 and a two-hundred day simple moving average of $650.91.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 22nd were issued a $0.8135 dividend. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.73. This represents a $3.25 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, June 22nd.

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.