Redhawk Wealth Advisors Inc. Cuts Stock Holdings in Invesco QQQ $QQQ

Redhawk Wealth Advisors Inc. trimmed its stake in Invesco QQQ (NASDAQ:QQQ) by 30.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,986 shares of the exchange traded fund’s stock after selling 5,284 shares during the period. Redhawk Wealth Advisors Inc.’s holdings in Invesco QQQ were worth $8,827,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Carrera Capital Advisors increased its position in shares of Invesco QQQ by 99.3% during the 4th quarter. Carrera Capital Advisors now owns 2,316 shares of the exchange traded fund’s stock valued at $1,423,000 after purchasing an additional 1,154 shares during the last quarter. Flatrock Wealth Partners LLC bought a new stake in Invesco QQQ in the 1st quarter worth approximately $924,000. Hegarty Advisors LLC bought a new stake in Invesco QQQ in the 1st quarter worth approximately $2,212,000. Ascension Capital Advisors Inc. boosted its stake in Invesco QQQ by 643.8% in the first quarter. Ascension Capital Advisors Inc. now owns 3,094 shares of the exchange traded fund’s stock worth $1,786,000 after buying an additional 2,678 shares in the last quarter. Finally, Asset Allocation Strategies LLC purchased a new stake in Invesco QQQ in the first quarter worth approximately $18,142,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Key Invesco QQQ News

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

• Positive Sentiment: QQQ attracted approximately $10.2 billion in inflows last week, making it the leading recipient among U.S.-listed ETFs. The shift into QQQ came as investors took profits from semiconductor funds, signaling continued preference for diversified large-cap technology exposure. Semiconductor ETFs See Profit-Taking as Investors Pile Into QQQ
• Positive Sentiment: Market breadth within the Nasdaq-100 improved to its strongest level in more than a year, with about 70% of QQQ holdings trading above their 200-day moving averages. Broad participation can make the technology-led rally more durable than a narrow advance concentrated in a few mega-cap stocks. Nasdaq 100 Breadth Hits Its Strongest Level in Over a Year
• Positive Sentiment: Analysts cited historical momentum, potentially easier Federal Reserve policy and earnings strength from market leaders as reasons the broader technology market could move higher, providing a favorable backdrop for QQQ. Why Momentum, Fed Liquidity, & Tech Beats Signal More Upside
• Neutral Sentiment: Commentary on Nasdaq investing identifies continued technology leadership and earnings as potential catalysts, but also highlights interest-rate, valuation and concentration risks for QQQ investors. A Guide to Nasdaq ETF Investing
• Negative Sentiment: QQQ charges roughly 0.20% annually, versus about 0.15% for the nearly identical QQQM fund. The fee gap could encourage cost-sensitive investors to favor QQQM, creating a competitive disadvantage for QQQ over time. Same 100 Stocks, Different Price
• Negative Sentiment: Potentially higher inflation and interest rates could pressure high-growth technology valuations, while other market commentary warns that stocks may have already advanced too quickly. These risks could explain why QQQ has recently traded lower despite strong fund flows. The July CPI Report May Reveal Why Rates Are Headed Even Higher

Invesco QQQ Trading Down 0.3%

Shares of NASDAQ QQQ opened at $720.87 on Tuesday. Invesco QQQ has a one year low of $555.60 and a one year high of $748.65. The firm’s 50 day simple moving average is $713.75 and its two-hundred day simple moving average is $662.21.

Invesco QQQ Increases Dividend

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

Invesco QQQ 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.