Invesco QQQ $QQQ Shares Sold by USA Financial Formulas

USA Financial Formulas trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 93.7% during the first quarter, Holdings Channel reports. The fund owned 6,655 shares of the exchange traded fund’s stock after selling 99,541 shares during the quarter. Invesco QQQ accounts for 0.7% of USA Financial Formulas’ investment portfolio, making the stock its 9th largest holding. USA Financial Formulas’ holdings in Invesco QQQ were worth $3,841,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Flatrock Wealth Partners LLC bought a new position in Invesco QQQ during the 1st quarter valued at $924,000. Hegarty Advisors LLC acquired a new stake in shares of Invesco QQQ in the 1st quarter valued at about $2,212,000. Ascension Capital Advisors Inc. raised its stake in shares of Invesco QQQ by 643.8% in the 1st quarter. Ascension Capital Advisors Inc. now owns 3,094 shares of the exchange traded fund’s stock valued at $1,786,000 after purchasing an additional 2,678 shares in the last quarter. Asset Allocation Strategies LLC bought a new position in shares of Invesco QQQ during the first quarter worth about $18,142,000. Finally, Mariner LLC lifted its position in shares of Invesco QQQ by 2.6% during the fourth quarter. Mariner LLC now owns 1,084,500 shares of the exchange traded fund’s stock worth $666,226,000 after purchasing an additional 27,560 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 0.6%

NASDAQ:QQQ opened at $716.43 on Friday. Invesco QQQ has a one year low of $555.60 and a one year high of $748.65. The stock has a 50-day simple moving average of $711.53 and a 200 day simple moving average of $671.59.

Invesco QQQ Increases Dividend

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

Key Stories Impacting Invesco QQQ

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

• Positive Sentiment: Nvidia’s robust results support QQQ: Strong results from Nvidia helped lift the Nasdaq-100 and S&P 500, reinforcing investor confidence in AI-related growth stocks that represent a significant portion of QQQ. Nvidia’s Robust Results Power Nasdaq, S&P 500 Index
• Positive Sentiment: AI productivity optimism remains a tailwind: Commentary that artificial intelligence could improve productivity and is helping support the U.S. economy favors QQQ’s large technology and semiconductor holdings. I’m Still Betting On AI Productivity
• Positive Sentiment: QQQ was highlighted as an investment idea: Zacks featured QQQ alongside Nvidia and several AI, data-center and cryptocurrency-related companies, keeping attention focused on the ETF’s growth-oriented exposure. Zacks Investment Ideas feature highlights
• Neutral Sentiment: Technical conditions remain constructive but selective: An analysis of SPY and QQQ described market conditions as stable enough for selective leverage, while emphasizing disciplined entry and exit rules. This supports sentiment but is not a direct fundamental catalyst. SPY And QQQ: Stable Still Supports Selective Leverage
• Negative Sentiment: Broad-market weakness is pressuring the ETF: Exchange-traded funds and U.S. equities were mixed to lower in afternoon trading, indicating that the broader risk-off tone is weighing on QQQ despite its technology exposure. Exchange-Traded Funds Fall, US Equities Mixed After Midday
• Negative Sentiment: Inflation and Federal Reserve uncertainty remain risks: Core PCE inflation held at 3.3% in July, while commentary warned that stalled disinflation leaves the Fed with less room for error. Higher-for-longer rates could weigh disproportionately on QQQ’s high-growth constituents. Core PCE Inflation At 3.3% In July

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.