Resolute Advisors LLC Cuts Stake in Invesco QQQ $QQQ

Resolute Advisors LLC lessened its stake in Invesco QQQ (NASDAQ:QQQ) by 20.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,329 shares of the exchange traded fund’s stock after selling 10,569 shares during the quarter. Invesco QQQ accounts for about 9.6% of Resolute Advisors LLC’s investment portfolio, making the stock its 3rd biggest holding. Resolute Advisors LLC’s holdings in Invesco QQQ were worth $23,277,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in QQQ. Carrera Capital Advisors raised its stake in shares of Invesco QQQ by 99.3% during the 4th quarter. Carrera Capital Advisors now owns 2,316 shares of the exchange traded fund’s stock worth $1,423,000 after purchasing an additional 1,154 shares in the last quarter. Flatrock Wealth Partners LLC acquired a new stake in shares of Invesco QQQ in the 1st quarter valued at approximately $924,000. Hegarty Advisors LLC bought a new position in shares of Invesco QQQ in the first quarter valued at $2,212,000. Sovran Advisors LLC grew its stake in shares of Invesco QQQ by 8.0% in the fourth quarter. Sovran Advisors LLC now owns 18,032 shares of the exchange traded fund’s stock valued at $11,212,000 after buying an additional 1,340 shares in the last quarter. Finally, Corepath Wealth Partners LLC increased its holdings in Invesco QQQ by 19.7% during the fourth quarter. Corepath Wealth Partners LLC now owns 8,723 shares of the exchange traded fund’s stock worth $5,471,000 after buying an additional 1,436 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Key Invesco QQQ News

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

• Positive Sentiment: Analysts highlighted improving market momentum and said the current rates-of-change still support the bull market, which is constructive for QQQ’s tech-heavy holdings. Improving Rates Of Change Support The Bull Market
• Positive Sentiment: Another article argued that AI capital spending and the upcoming earnings wave could continue to support hyperscalers and other large Nasdaq names, a bullish backdrop for QQQ. AI CapEx, Hyperscalers, And The Next Earnings Wave
• Neutral Sentiment: Invesco QQQ’s low-volatility ETF declared a monthly distribution, which is more relevant as a routine income update than as a major driver of the main QQQ fund. Invesco QQQ low volatility ETF declares monthly distribution of $0.0481
• Negative Sentiment: Some commentary warned that tech is showing warning signs and that valuations may be stretched, which could pressure QQQ if growth stocks cool off. An Extreme Energy Crack Spread And Two Warning Signs In Technology
• Negative Sentiment: Other reports said tariffs and inflation are pushing the economy toward a recession, a risk that could hurt risk assets and high-multiple tech shares. Tariffs And Inflation Are Pushing The Economy Toward A Recession
• Negative Sentiment: A market note warned that a large liquidity event could hit markets this week, creating volatility for QQQ’s major holdings. A $90 Billion Liquidity Storm May Hit Markets This Week
• Negative Sentiment: One article also compared the AI boom to the dot-com bust, reinforcing concern that tech enthusiasm may be running too hot. The AI Bubble Looks A Lot Like Dot-Com Bust

Invesco QQQ Stock Up 0.1%

NASDAQ QQQ opened at $696.06 on Tuesday. The firm’s fifty day moving average price is $720.06 and its two-hundred day moving average price is $653.90. Invesco QQQ has a 1 year low of $551.68 and a 1 year 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 $0.8135 dividend. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $3.25 dividend on an annualized basis and a dividend yield of 0.5%.

About Invesco QQQ

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.