Invesco QQQ $QQQ Shares Sold by Innova Wealth Partners

Innova Wealth Partners lowered its holdings in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 18.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,893 shares of the exchange traded fund’s stock after selling 882 shares during the period. Invesco QQQ makes up 1.1% of Innova Wealth Partners’ holdings, making the stock its 25th largest position. Innova Wealth Partners’ holdings in Invesco QQQ were worth $2,247,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Well Done LLC increased its holdings 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 purchasing an additional 16 shares during the period. Tenon Financial LLC raised its stake 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 purchasing an additional 17 shares in the last quarter. SJS Investment Consulting Inc. lifted its holdings in Invesco QQQ by 1.7% in the fourth quarter. SJS Investment Consulting Inc. now owns 1,017 shares of the exchange traded fund’s stock worth $625,000 after purchasing an additional 17 shares during the period. Cascade Investment Group Inc. lifted its holdings in Invesco QQQ by 4.6% in the fourth quarter. Cascade Investment Group Inc. now owns 388 shares of the exchange traded fund’s stock worth $238,000 after purchasing an additional 17 shares during the period. Finally, Keeler & Nadler Financial Planning & Wealth Management grew its position in Invesco QQQ by 3.0% in the 4th quarter. Keeler & Nadler Financial Planning & Wealth Management now owns 576 shares of the exchange traded fund’s stock valued at $354,000 after buying an additional 17 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Key Headlines Impacting Invesco QQQ

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

  • Positive Sentiment: Broad market sentiment around tech remains supportive, with reports that the Nasdaq showed strength, U.S. equities advanced, and analysts highlighted continued AI-driven upside that could help the Nasdaq-100 holdings inside QQQ. Article Title
  • Positive Sentiment: SpaceX is set to join the Nasdaq-100 on July 7, and coverage says passive index funds will need to buy the stock, which could lift Nasdaq-100-tracking products like QQQ through rebalancing flows. Article Title
  • Neutral Sentiment: Economic data was mixed, with ADP jobs growth cooling below 100,000 for the first time since March while job openings hit a two-year high; that combination leaves interest-rate expectations and growth sentiment uncertain for large-cap tech. Article Title
  • Negative Sentiment: One article argued that QQQ investors are “silently losing” performance over time because of its fee structure versus a cheaper near-identical alternative, which may pressure sentiment toward the fund itself even if it does not affect the underlying Nasdaq-100 holdings. Article Title

Invesco QQQ Price Performance

Invesco QQQ stock opened at $725.17 on Thursday. The company’s 50-day moving average price is $709.98 and its two-hundred day moving average price is $645.08. Invesco QQQ has a 52 week low of $546.12 and a 52 week high of $748.65.

Invesco QQQ Increases Dividend

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

Invesco QQQ Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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