Invesco QQQ $QQQ Shares Sold by Smith Chas P & Associates PA Cpas

Smith Chas P & Associates PA Cpas lessened its position in shares of Invesco QQQ (NASDAQ:QQQ) by 2.9% during the 2nd quarter, Holdings Channel reports. The firm owned 78,088 shares of the exchange traded fund’s stock after selling 2,302 shares during the quarter. Invesco QQQ comprises 2.8% of Smith Chas P & Associates PA Cpas’ portfolio, making the stock its 12th largest holding. Smith Chas P & Associates PA Cpas’ holdings in Invesco QQQ were worth $57,504,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Invesco QQQ during the fourth quarter worth about $25,000. Shcp LLC acquired a new position in Invesco QQQ in the 3rd quarter worth approximately $27,000. Annis Gardner Whiting Capital Advisors LLC increased its holdings in Invesco QQQ by 2,150.0% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 43 shares during the period. Parvin Asset Management LLC purchased a new position in Invesco QQQ during the 1st quarter worth approximately $28,000. Finally, High Point Wealth Management LLC raised its position in Invesco QQQ by 68.0% during the 2nd quarter. High Point Wealth Management LLC now owns 42 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 17 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

NASDAQ QQQ traded up $6.19 on Friday, hitting $714.88. 26,581,139 shares of the company’s stock traded hands, compared to its average volume of 49,734,879. Invesco QQQ has a 1-year low of $555.60 and a 1-year high of $748.65. The firm’s 50-day moving average price is $710.52 and its two-hundred day moving average price is $678.92.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 22nd were issued a dividend of $0.8135 per share. This represents a $3.25 annualized dividend and a dividend yield of 0.5%. 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.

Invesco QQQ News Roundup

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

• Positive Sentiment: QQQ and VOO are bucking a broader exodus from large-cap equity funds, suggesting investors are still favoring liquid, mega-cap technology exposure despite concerns about the Iran conflict, higher oil prices, and inflation. Iran War, Inflation Fears Trigger $40 Billion Large-Cap Exodus — But VOO, QQQ Buck the Trend
• Positive Sentiment: Equity futures and major ETFs were higher ahead of the latest inflation release, providing a supportive backdrop for QQQ and other growth-oriented funds. Exchange-Traded Funds, Equity Futures Higher Pre-Bell Friday Amid Inflation Data Release
• Positive Sentiment: TipRanks’ AI Analyst rated QQQ an “Outperform” and identified more than 12% potential upside, reinforcing the bullish view of the Nasdaq-100’s technology-heavy holdings. 3 Best ETFs to Buy with 12%+ Upside, According to the AI Analyst
• Neutral Sentiment: A revived IPO market, including expectations for a potentially massive Anthropic offering, could improve sentiment toward high-growth technology companies, though it does not directly affect QQQ’s holdings today. Anthropic IPO Article
• Negative Sentiment: Hotter-than-expected core inflation pushed market-based odds of a September Federal Reserve rate hike toward 80%. Higher interest rates and bond yields are particularly negative for QQQ because they reduce the present value of future technology earnings. Hot Core CPI Data Sends Prediction Market September Rate Hike Odds to 80%
• Negative Sentiment: Oil above $100 a barrel and ongoing Middle East tensions are raising inflation and economic-growth risks, adding pressure to rate-sensitive growth stocks. Oil Jumps Above $100: What It Means For Inflation And Market Risks

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.