Invesco QQQ $QQQ Shares Sold by Retirement Planning Group LLC

Retirement Planning Group LLC cut its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 8.4% in the 1st quarter, Holdings Channel reports. The fund owned 37,789 shares of the exchange traded fund’s stock after selling 3,458 shares during the quarter. Invesco QQQ accounts for approximately 0.7% of Retirement Planning Group LLC’s portfolio, making the stock its 20th biggest position. Retirement Planning Group LLC’s holdings in Invesco QQQ were worth $21,811,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. NBZ Investment Advisors LLC grew its stake in shares of Invesco QQQ by 0.6% in the 1st quarter. NBZ Investment Advisors LLC now owns 3,878 shares of the exchange traded fund’s stock valued at $2,238,000 after purchasing an additional 22 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in shares of Invesco QQQ by 0.3% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 28,152 shares of the exchange traded fund’s stock valued at $16,249,000 after purchasing an additional 74 shares during the period. Archer Investment Corp increased its holdings in shares of Invesco QQQ by 0.6% in the first quarter. Archer Investment Corp now owns 45,754 shares of the exchange traded fund’s stock valued at $26,408,000 after purchasing an additional 257 shares during the period. TFR Capital LLC. raised its stake in shares of Invesco QQQ by 0.4% during the first quarter. TFR Capital LLC. now owns 11,740 shares of the exchange traded fund’s stock worth $6,776,000 after purchasing an additional 46 shares during the last quarter. Finally, Bedel Financial Consulting Inc. raised its stake in shares of Invesco QQQ by 6.4% during the first quarter. Bedel Financial Consulting Inc. now owns 750 shares of the exchange traded fund’s stock worth $433,000 after purchasing an additional 45 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 1.9%

Shares of NASDAQ QQQ opened at $712.05 on Tuesday. The stock has a fifty day moving average price of $719.30 and a 200 day moving average price of $650.91. Invesco QQQ has a 1-year low of $551.56 and a 1-year high of $748.65.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 22nd were paid a $0.8135 dividend. This is a boost 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 Headlines 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.