Verus Capital Partners LLC Sells 6,405 Shares of Invesco QQQ $QQQ

Verus Capital Partners LLC lowered its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 22.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 22,699 shares of the exchange traded fund’s stock after selling 6,405 shares during the period. Invesco QQQ comprises about 0.9% of Verus Capital Partners LLC’s holdings, making the stock its 23rd biggest position. Verus Capital Partners LLC’s holdings in Invesco QQQ were worth $13,102,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. University of Texas Texas AM Investment Management Co. acquired a new position in Invesco QQQ during the fourth quarter worth about $25,000. Shcp LLC acquired a new stake in shares of Invesco QQQ in the 3rd quarter valued at approximately $27,000. Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of Invesco QQQ by 2,150.0% during 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. Parvin Asset Management LLC bought a new stake in shares of Invesco QQQ during the 1st quarter valued at approximately $28,000. Finally, Rachor Investment Advisory Services LLC acquired a new position in Invesco QQQ during the 4th quarter worth approximately $29,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Up 0.6%

QQQ stock opened at $687.99 on Friday. The company has a 50 day simple moving average of $715.63 and a 200 day simple moving average of $657.90. Invesco QQQ has a 1 year low of $551.68 and a 1 year high of $748.65.

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 issued a dividend of $0.8135 per share. This represents a $3.25 annualized dividend and a dividend yield of 0.5%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.73. The ex-dividend date was Monday, June 22nd.

Invesco QQQ News Summary

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

• Positive Sentiment: QQQ tracking the Nasdaq-100 rebounded sharply after its recent losing streak, reflecting renewed buying in large-cap technology stocks. QQQ ETF tracking Nasdaq-100 bounces sharply
• Positive Sentiment: Microsoft reported better-than-expected results, including strong Azure cloud and Copilot growth, reinforcing investor confidence in AI infrastructure spending and supporting QQQ’s technology-heavy holdings. Microsoft’s Earnings Beat: A Ripple Effect Across ETF Landscape
• Positive Sentiment: Optimism among individual investors improved, while resilient consumer spending and underlying economic growth provided support for risk assets despite a weak headline GDP reading. AAII Sentiment Survey: Optimism Bounces Back
• Neutral Sentiment: The Federal Reserve held interest rates steady, but three dissents and uncertainty around future policy left investors focused on whether rate cuts can occur while inflation remains elevated. Fed Holds Rates Steady As 3 FOMC Members Dissent
• Negative Sentiment: Core PCE inflation remained high at 3.3% in June, potentially limiting the Fed’s ability to ease policy and keeping pressure on long-duration growth stocks such as those held by QQQ. PCE Data for June
• Negative Sentiment: Analysts questioned whether enthusiasm for AI-related stocks is fading, while a recent correction in the Nasdaq-100 and weakness in Asian technology markets highlighted valuation and concentration risks. AI Narrative Fading
• Negative Sentiment: Tariff uncertainty, the Iran conflict and rising Treasury yields add macroeconomic risks that could weigh on QQQ’s high-growth holdings. SCOTUS Tariff Ruling And Iran War

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.