Empirical Finance LLC Sells 926 Shares of Invesco QQQ $QQQ

Empirical Finance LLC cut its position in Invesco QQQ (NASDAQ:QQQ) by 7.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,271 shares of the exchange traded fund’s stock after selling 926 shares during the quarter. Empirical Finance LLC’s holdings in Invesco QQQ were worth $8,300,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in QQQ. University of Texas Texas AM Investment Management Co. bought a new stake in Invesco QQQ during the 4th quarter valued at $25,000. High Point Wealth Management LLC boosted its holdings in shares of Invesco QQQ by 68.0% in the second quarter. High Point Wealth Management LLC now owns 42 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 17 shares during the period. Annis Gardner Whiting Capital Advisors LLC grew its position in shares of Invesco QQQ by 2,150.0% in the fourth 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 third quarter valued at $27,000. Finally, Parvin Asset Management LLC bought a new stake in shares of Invesco QQQ during the 1st quarter valued at $28,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Down 0.1%

Shares of QQQ traded down $0.60 during midday trading on Tuesday, hitting $718.36. 28,170,374 shares of the company traded hands, compared to its average volume of 50,109,508. The stock has a 50-day moving average of $711.15 and a 200-day moving average of $676.63. Invesco QQQ has a one year low of $555.60 and a one year 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 given a dividend of $0.8135 per share. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.73. The ex-dividend date was Monday, June 22nd. This represents a $3.25 annualized dividend and a dividend yield of 0.5%.

Key Invesco QQQ News

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

• Positive Sentiment: QQQ’s long-term performance remains a major attraction: an article notes that the ETF’s high-growth holdings have helped it increase an investment roughly sixfold over the past decade. This ETF Would Have Increased Your Investment by 6x Over the Past 10 Years
• Positive Sentiment: Expectations that the Federal Reserve will avoid additional rate hikes could support high-growth technology valuations, although the timing and strength of any future easing remain uncertain. There Will Be No Fed Rate Hikes
• Positive Sentiment: QQQ’s fee structure has reportedly improved after years of pressure from lower-cost rivals, potentially making the fund more competitive for investors. QQQ Charged 0.20% for Years
• Neutral Sentiment: The upcoming CPI report is viewed as an important catalyst because it could significantly shift expectations for Fed policy and the valuation of QQQ’s growth-heavy holdings. Friday’s CPI Report Is More Important Than You Think
• Negative Sentiment: Markets moved lower amid an oil-price increase, which raises inflation concerns and can pressure technology stocks by keeping interest rates higher for longer. Markets Move To The Downside Amid Uptick In Oil Prices
• Negative Sentiment: Analysts highlighted rising risks of a stock-market sell-off, weakening employment data, and the possibility of a Federal Reserve policy mistake—factors that could reduce appetite for QQQ’s richly valued growth stocks. Risks Increased For A Stock Market Sell-Off
• Negative Sentiment: Concerns about an AI bubble and the sustainability of technology-sector earnings add pressure to QQQ, particularly through major holdings such as Nvidia. Nvidia Braces for AI Bubble Burst
• Negative Sentiment: QQQ also faces a relative-cost disadvantage versus QQQM, which tracks the same Nasdaq-100 index at a lower expense ratio and could encourage long-term investors to choose the alternative. QQQ vs QQQM

Invesco QQQ Company 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.