Wealth Advisory Solutions LLC trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 6.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,223 shares of the exchange traded fund’s stock after selling 741 shares during the period. Invesco QQQ makes up about 1.7% of Wealth Advisory Solutions LLC’s portfolio, making the stock its 15th biggest position. Wealth Advisory Solutions LLC’s holdings in Invesco QQQ were worth $8,265,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in QQQ. Xcel Wealth Management LLC lifted its position in Invesco QQQ by 3.7% during the second quarter. Xcel Wealth Management LLC now owns 4,261 shares of the exchange traded fund’s stock valued at $3,138,000 after purchasing an additional 151 shares during the period. WealthBridge Capital Management LLC grew its position in Invesco QQQ by 3.3% during the 2nd quarter. WealthBridge Capital Management LLC now owns 30,264 shares of the exchange traded fund’s stock worth $22,287,000 after purchasing an additional 968 shares during the period. Bogart Wealth LLC grew its position in Invesco QQQ by 2.9% during the 2nd quarter. Bogart Wealth LLC now owns 25,163 shares of the exchange traded fund’s stock worth $18,530,000 after purchasing an additional 703 shares during the period. Stonebridge Financial Group LLC MO grew its position in Invesco QQQ by 1.8% during the 2nd quarter. Stonebridge Financial Group LLC MO now owns 3,561 shares of the exchange traded fund’s stock worth $2,622,000 after purchasing an additional 62 shares during the period. Finally, Boston Trust Walden Corp raised its stake in shares of Invesco QQQ by 11.4% during the 2nd quarter. Boston Trust Walden Corp now owns 1,013 shares of the exchange traded fund’s stock valued at $746,000 after buying an additional 104 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.
More Invesco QQQ News
Here are the key news stories impacting Invesco QQQ this week:
- Positive Sentiment: Investors continue to focus on artificial intelligence as a potential contributor to U.S. economic growth. Continued AI-related capital spending could support the earnings outlook for several large Nasdaq-100 constituents, including major semiconductor and cloud companies. How Much Is AI Contributing To U.S. Economic Growth?
- Positive Sentiment: QQQ had shown some recovery after an earlier selloff, indicating that investors were still willing to buy technology stocks on weakness. However, the rebound has not overcome broader rate and valuation concerns. QQQ ETF – Invesco QQQ Trust Trends Higher after Tuesday’s Slump
- Neutral Sentiment: Goldman Sachs agreed to acquire NEOS Investments, the issuer of the Nasdaq-100 High Income ETF. The transaction does not directly change QQQ’s holdings, but it highlights continued institutional demand for products tied to the Nasdaq-100 ecosystem. Goldman Sachs Just Paid $2.25 Billion for the Family Behind Your 14% Income Fund
- Negative Sentiment: Broad exchange-traded funds and U.S. equities declined during the session, creating direct selling pressure for QQQ and its large-cap technology holdings. Exchange-Traded Funds Fall as US Equities Decline After Midday
- Negative Sentiment: The 30-year Treasury yield reached its highest level since 2007 amid deficit and AI-spending concerns. Higher long-term yields reduce the relative appeal of high-valuation growth stocks and increase the discount rate applied to future technology earnings. 30-Year Treasury Yield Hits Highest Level Since 2007 as AI Spending and Deficits Collide
- Negative Sentiment: Federal Reserve meeting minutes were viewed as somewhat hawkish, reducing expectations for near-term monetary easing. The resulting pressure on interest-rate-sensitive stocks is particularly relevant for QQQ. Fed Minutes Lean Hawkish, But We Don’t Expect A Hike
- Negative Sentiment: Technical commentary noted that QQQ “gamma flipped,” potentially forcing market makers to sell as prices declined and amplifying short-term volatility. QQQ just gamma flipped
Invesco QQQ Price Performance
Invesco QQQ Increases Dividend
The firm also recently announced 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 is a positive change from Invesco QQQ’s previous quarterly dividend of $0.73. The ex-dividend date was Monday, June 22nd. This represents a $3.25 dividend on an annualized basis and a dividend yield of 0.5%.
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.
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