J. Safra Sarasin Holding AG Has $6.26 Million Stake in Invesco QQQ $QQQ

J. Safra Sarasin Holding AG lowered its stake in Invesco QQQ (NASDAQ:QQQ) by 14.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,996 shares of the exchange traded fund’s stock after selling 1,901 shares during the period. J. Safra Sarasin Holding AG’s holdings in Invesco QQQ were worth $6,264,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in QQQ. Hibernia Wealth Partners LLC boosted its stake in Invesco QQQ by 6.5% during the 1st quarter. Hibernia Wealth Partners LLC now owns 7,469 shares of the exchange traded fund’s stock valued at $4,313,000 after purchasing an additional 455 shares during the period. Procyon Advisors LLC raised its position in shares of Invesco QQQ by 15.0% during the first quarter. Procyon Advisors LLC now owns 27,209 shares of the exchange traded fund’s stock valued at $15,705,000 after buying an additional 3,552 shares during the last quarter. Navigate Wealth Management LLC acquired a new position in shares of Invesco QQQ during the first quarter valued at about $394,000. CAP Partners LLC lifted its stake in shares of Invesco QQQ by 3.5% in the first quarter. CAP Partners LLC now owns 444 shares of the exchange traded fund’s stock valued at $256,000 after buying an additional 15 shares during the period. Finally, International Assets Investment Management LLC grew its position in Invesco QQQ by 2.8% during the first quarter. International Assets Investment Management LLC now owns 62,394 shares of the exchange traded fund’s stock worth $36,458,000 after buying an additional 1,676 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ stock opened at $712.05 on Tuesday. The business’s 50-day simple moving average is $719.30 and its 200 day simple moving average is $650.91. Invesco QQQ has a twelve month low of $551.56 and a twelve month high of $748.65.

Invesco QQQ Increases Dividend

The company 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 a boost from Invesco QQQ’s previous quarterly dividend of $0.73. This represents a $3.25 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, June 22nd.

Key Stories Impacting Invesco QQQ

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

• Positive Sentiment: Articles highlighting the Nasdaq-100 / QQQ’s long-term edge versus income-focused ETFs may support demand for QQQ by reminding investors that covered-call strategies like JEPQ can lag a growth-heavy benchmark over time. Article Title
• Positive Sentiment: Coverage suggesting the AI trade is still strong could be supportive for QQQ, since the ETF is heavily weighted toward large-cap technology and AI-related names. Article Title
• Positive Sentiment: Discussion of SpaceX joining the Nasdaq-100 may be mildly supportive for QQQ because it reinforces the index’s exposure to high-profile growth companies, even if the initial weighting is expected to be limited. Article Title
• Neutral Sentiment: Reports that broader ETFs traded lower as U.S. equities declined point to a market-wide risk-off tone rather than anything specific to QQQ. Article Title
• Neutral Sentiment: Festival sponsorship news and general macro commentary are not likely to materially affect QQQ. Article Title
• Negative Sentiment: Broader market headlines about equity futures falling on geopolitical tension could weigh on QQQ because technology stocks tend to be sensitive to risk-off moves. Article Title
• Negative Sentiment: Articles warning that the credit market is flashing concern on AI stocks may create caution for QQQ, given its heavy exposure to mega-cap tech and AI beneficiaries. Article Title

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.