Invesco QQQ $QQQ Stock Holdings Decreased by RKL Wealth Management LLC

RKL Wealth Management LLC lowered its position in shares of Invesco QQQ (NASDAQ:QQQ) by 71.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 483 shares of the exchange traded fund’s stock after selling 1,194 shares during the quarter. RKL Wealth Management LLC’s holdings in Invesco QQQ were worth $279,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Brighton Jones LLC raised its position in Invesco QQQ by 15.0% during the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after buying an additional 4,989 shares during the period. Revolve Wealth Partners LLC lifted its stake in Invesco QQQ by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after acquiring an additional 176 shares in the last quarter. Jupiter Wealth Management LLC acquired a new stake in Invesco QQQ during the 2nd quarter worth about $290,000. Wealth Group Ltd. boosted its position in Invesco QQQ by 283.7% during the 2nd quarter. Wealth Group Ltd. now owns 24,629 shares of the exchange traded fund’s stock worth $13,587,000 after acquiring an additional 18,210 shares during the period. Finally, Invesco Ltd. grew its stake in Invesco QQQ by 1,057.3% during the 2nd quarter. Invesco Ltd. now owns 33,063 shares of the exchange traded fund’s stock valued at $18,239,000 after acquiring an additional 30,206 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 1.5%

Shares of QQQ opened at $725.17 on Thursday. Invesco QQQ has a fifty-two week low of $546.12 and a fifty-two week high of $748.65. The business’s 50-day moving average is $709.98 and its 200-day moving average is $645.08.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Monday, June 22nd will be issued a dividend of $0.8135 per share. 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 0.4%. The ex-dividend date is Monday, June 22nd.

Invesco QQQ News Roundup

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

• Positive Sentiment: Broad market sentiment around tech remains supportive, with reports that the Nasdaq showed strength, U.S. equities advanced, and analysts highlighted continued AI-driven upside that could help the Nasdaq-100 holdings inside QQQ. Article Title
• Positive Sentiment: SpaceX is set to join the Nasdaq-100 on July 7, and coverage says passive index funds will need to buy the stock, which could lift Nasdaq-100-tracking products like QQQ through rebalancing flows. Article Title
• Neutral Sentiment: Economic data was mixed, with ADP jobs growth cooling below 100,000 for the first time since March while job openings hit a two-year high; that combination leaves interest-rate expectations and growth sentiment uncertain for large-cap tech. Article Title
• Negative Sentiment: One article argued that QQQ investors are “silently losing” performance over time because of its fee structure versus a cheaper near-identical alternative, which may pressure sentiment toward the fund itself even if it does not affect the underlying Nasdaq-100 holdings. Article Title

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.