Wealthcare Advisory Partners LLC Cuts Stock Position in Invesco QQQ $QQQ

Wealthcare Advisory Partners LLC trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ) by 24.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 73,003 shares of the exchange traded fund’s stock after selling 23,455 shares during the period. Invesco QQQ comprises 1.0% of Wealthcare Advisory Partners LLC’s investment portfolio, making the stock its 20th largest position. Wealthcare Advisory Partners LLC’s holdings in Invesco QQQ were worth $53,759,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. University of Texas Texas AM Investment Management Co. bought a new position in Invesco QQQ during the fourth quarter valued at approximately $25,000. Shcp LLC bought a new stake in shares of Invesco QQQ in the 3rd quarter worth approximately $27,000. Annis Gardner Whiting Capital Advisors LLC boosted 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 in the last quarter. Parvin Asset Management LLC purchased a new stake in shares of Invesco QQQ in the 1st quarter valued at $28,000. Finally, Rachor Investment Advisory Services LLC bought a new position in shares of Invesco QQQ during the 4th quarter valued at $29,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.3%

Shares of NASDAQ:QQQ opened at $720.87 on Tuesday. The company’s fifty day moving average is $713.75 and its 200 day moving average is $662.21. Invesco QQQ has a 52 week low of $555.60 and a 52 week high of $748.65.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 22nd were issued a $0.8135 dividend. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.73. This represents a $3.25 annualized dividend and a dividend yield of 0.5%. 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 attracted approximately $10.2 billion in inflows last week, making it the leading recipient among U.S.-listed ETFs. The shift into QQQ came as investors took profits from semiconductor funds, signaling continued preference for diversified large-cap technology exposure. Semiconductor ETFs See Profit-Taking as Investors Pile Into QQQ
• Positive Sentiment: Market breadth within the Nasdaq-100 improved to its strongest level in more than a year, with about 70% of QQQ holdings trading above their 200-day moving averages. Broad participation can make the technology-led rally more durable than a narrow advance concentrated in a few mega-cap stocks. Nasdaq 100 Breadth Hits Its Strongest Level in Over a Year
• Positive Sentiment: Analysts cited historical momentum, potentially easier Federal Reserve policy and earnings strength from market leaders as reasons the broader technology market could move higher, providing a favorable backdrop for QQQ. Why Momentum, Fed Liquidity, & Tech Beats Signal More Upside
• Neutral Sentiment: Commentary on Nasdaq investing identifies continued technology leadership and earnings as potential catalysts, but also highlights interest-rate, valuation and concentration risks for QQQ investors. A Guide to Nasdaq ETF Investing
• Negative Sentiment: QQQ charges roughly 0.20% annually, versus about 0.15% for the nearly identical QQQM fund. The fee gap could encourage cost-sensitive investors to favor QQQM, creating a competitive disadvantage for QQQ over time. Same 100 Stocks, Different Price
• Negative Sentiment: Potentially higher inflation and interest rates could pressure high-growth technology valuations, while other market commentary warns that stocks may have already advanced too quickly. These risks could explain why QQQ has recently traded lower despite strong fund flows. The July CPI Report May Reveal Why Rates Are Headed Even Higher

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.