Invesco QQQ $QQQ Shares Sold by NewEdge Advisors LLC

NewEdge Advisors LLC cut its holdings in Invesco QQQ (NASDAQ:QQQFree Report) by 88.8% during the first quarter, Holdings Channel reports. The institutional investor owned 72,976 shares of the exchange traded fund’s stock after selling 578,190 shares during the quarter. NewEdge Advisors LLC’s holdings in Invesco QQQ were worth $42,120,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of QQQ. University of Texas Texas AM Investment Management Co. acquired a new stake in Invesco QQQ in the fourth quarter valued at $25,000. Annis Gardner Whiting Capital Advisors LLC increased its holdings in shares of Invesco QQQ by 2,150.0% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock valued at $28,000 after purchasing an additional 43 shares in the last quarter. Shcp LLC purchased a new position in shares of Invesco QQQ in the 3rd quarter valued at about $27,000. Rachor Investment Advisory Services LLC purchased a new position in shares of Invesco QQQ in the 4th quarter valued at about $29,000. Finally, Parvin Asset Management LLC acquired a new stake in shares of Invesco QQQ in the first quarter valued at about $28,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ stock opened at $714.65 on Friday. Invesco QQQ has a 52 week low of $555.60 and a 52 week high of $748.65. The company’s 50-day moving average price is $714.49 and its 200 day moving average price is $660.70.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 22nd were given a dividend of $0.8135 per share. 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. This is a positive change 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: Strong corporate earnings have generally supported risk appetite and helped offset some market concerns, benefiting growth-oriented holdings in QQQ. Robust Earnings Help Boost Markets
  • Positive Sentiment: Recent market highs and continued interest in token-related growth themes reinforce investor enthusiasm for technology and innovation stocks, sectors heavily represented in QQQ. Implications Of New Market Highs
  • Neutral Sentiment: Long-term analysis continues to present QQQ as a potential wealth-building vehicle through regular contributions, but it also cautions that investors must tolerate significant volatility. History Says Investing $400 per Month in This ETF Could Set You Up for Life
  • Neutral Sentiment: Joby Aviation’s raised guidance and production developments highlight strength in one technology-growth niche, although the company is not a QQQ holding and the direct effect on the ETF is limited. Joby Aviation Climbs 9% on Raised Guidance
  • Negative Sentiment: Broad-market ETFs declined as U.S. equities weakened after midday, indicating reduced near-term risk appetite and pressure on index-tracking funds. Exchange-Traded Funds Decline as US Equities Fall After Midday
  • Negative Sentiment: Potentially unpredictable Federal Reserve policy, including the possibility of a surprise move, increases uncertainty around interest rates. Higher or less predictable rates typically pressure richly valued Nasdaq-100 growth stocks. Kevin Warsh Opens Door to Surprise Fed Move
  • Negative Sentiment: Mixed labor-market signals—particularly weaker hiring—could raise concerns about economic momentum and corporate growth, weighing on cyclical and high-valuation technology shares. U.S. Labor Market Just Flashed Surprising Signal
  • Negative Sentiment: Sharp declines in AppLovin and Trade Desk after their reports show that investors are demanding exceptionally strong results from advertising-technology companies, creating pressure across parts of the growth-stock complex. Ad-Tech Stocks Separate Winners From Losers

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.

Further Reading

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQFree Report).

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

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