KPP Advisory Services LLC Decreases Position in Invesco QQQ $QQQ

KPP Advisory Services LLC lowered its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 13.6% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 35,066 shares of the exchange traded fund’s stock after selling 5,515 shares during the period. Invesco QQQ comprises about 2.9% of KPP Advisory Services LLC’s portfolio, making the stock its 2nd biggest holding. KPP Advisory Services LLC’s holdings in Invesco QQQ were worth $20,240,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of QQQ. Carrera Capital Advisors boosted its holdings in shares of Invesco QQQ by 99.3% in the fourth quarter. Carrera Capital Advisors now owns 2,316 shares of the exchange traded fund’s stock worth $1,423,000 after acquiring an additional 1,154 shares during the period. Sovran Advisors LLC raised its stake in shares of Invesco QQQ by 8.0% during the 4th quarter. Sovran Advisors LLC now owns 18,032 shares of the exchange traded fund’s stock valued at $11,212,000 after purchasing an additional 1,340 shares during the period. Corepath Wealth Partners LLC boosted its stake in Invesco QQQ by 19.7% in the 4th quarter. Corepath Wealth Partners LLC now owns 8,723 shares of the exchange traded fund’s stock worth $5,471,000 after purchasing an additional 1,436 shares during the period. Cane Capital Partners LLC purchased a new position in Invesco QQQ during the 4th quarter valued at about $715,000. Finally, Asset Allocation Strategies LLC purchased a new position in Invesco QQQ during the 1st quarter valued at about $18,142,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ News Summary

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 Trading Down 1.5%

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

Invesco QQQ Increases Dividend

The company also recently announced 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 a boost from Invesco QQQ’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend is Monday, June 22nd. This represents a $3.25 dividend on an annualized basis and a yield of 0.4%.

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.