Paradigm Capital Management LLC NV lessened its position in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 27.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,587 shares of the exchange traded fund’s stock after selling 993 shares during the quarter. Invesco QQQ comprises approximately 1.4% of Paradigm Capital Management LLC NV’s portfolio, making the stock its 24th largest position. Paradigm Capital Management LLC NV’s holdings in Invesco QQQ were worth $1,493,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in QQQ. University of Texas Texas AM Investment Management Co. acquired a new stake in Invesco QQQ during the fourth quarter worth $25,000. Shcp LLC acquired a new position in shares of Invesco QQQ in the 3rd quarter valued at $27,000. Annis Gardner Whiting Capital Advisors LLC lifted its stake 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 during the last quarter. Rachor Investment Advisory Services LLC purchased a new position in shares of Invesco QQQ during the 4th quarter worth $29,000. Finally, Islay Capital Management LLC purchased a new position in shares of Invesco QQQ during the 4th quarter worth $32,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.
Invesco QQQ News Summary
Here are the key news stories impacting Invesco QQQ this week:
- Negative Sentiment: Chip stocks fell after TSMC’s spending outlook sparked concerns that the AI buildout may face margin pressure and weaker near-term returns, a headwind for Nasdaq-100 heavyweights like QQQ. Article Title
- Neutral Sentiment: Broader ETF and U.S. equity trading was mixed during the day, suggesting investors were rotating rather than broadly abandoning risk assets. Article Title
- Neutral Sentiment: Several articles highlighted QQQ’s long-term performance versus leveraged or alternative ETFs, but these were mostly commentary pieces and not a direct catalyst for the fund today. Article Title
- Neutral Sentiment: Macro updates on cooler inflation, Fed uncertainty, and geopolitical risks add to the market backdrop, but they are not specific to QQQ and have mixed implications for growth stocks. Article Title
Invesco QQQ Price Performance
Invesco QQQ Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 22nd were paid a dividend of $0.8135 per share. This represents a $3.25 annualized dividend and a yield of 0.5%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend was Monday, June 22nd.
About Invesco QQQ
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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