Tudor Financial Inc. Sells 70,634 Shares of Invesco QQQ $QQQ

Tudor Financial Inc. trimmed its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 90.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,285 shares of the exchange traded fund’s stock after selling 70,634 shares during the period. Invesco QQQ comprises about 2.4% of Tudor Financial Inc.’s holdings, making the stock its 8th biggest holding. Tudor Financial Inc.’s holdings in Invesco QQQ were worth $5,365,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. NWF Advisory Services Inc. increased its stake in Invesco QQQ by 1.9% in the 2nd quarter. NWF Advisory Services Inc. now owns 16,833 shares of the exchange traded fund’s stock worth $12,397,000 after purchasing an additional 306 shares in the last quarter. Wheelhouse Advisory Group LLC acquired a new stake in Invesco QQQ during the 2nd quarter worth about $254,000. Syon Capital LLC lifted its stake in Invesco QQQ by 2.0% during the second quarter. Syon Capital LLC now owns 1,776 shares of the exchange traded fund’s stock valued at $1,308,000 after buying an additional 35 shares in the last quarter. TD Waterhouse Canada Inc. lifted its stake in Invesco QQQ by 3.2% during the second quarter. TD Waterhouse Canada Inc. now owns 92,412 shares of the exchange traded fund’s stock valued at $67,029,000 after buying an additional 2,876 shares in the last quarter. Finally, United Community Bank boosted its holdings in shares of Invesco QQQ by 16.0% in the second quarter. United Community Bank now owns 2,032 shares of the exchange traded fund’s stock worth $1,496,000 after buying an additional 280 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $717.67 on Friday. The firm’s 50 day simple moving average is $711.01 and its 200-day simple moving average is $674.98. Invesco QQQ has a fifty-two week low of $555.60 and a fifty-two week high of $748.65.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 22nd were paid a $0.8135 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $3.25 dividend on an annualized basis and a yield of 0.5%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.73.

Invesco QQQ News Roundup

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

• Positive Sentiment: Broad U.S. equity ETFs moved higher after midday, indicating a supportive market backdrop for QQQ and its mega-cap technology constituents. Exchange-Traded Funds Rise as US Equities Advance After Midday
• Positive Sentiment: TipRanks’ ETF AI Analyst gave QQQ an Outperform rating and identified at least 15% upside potential, reinforcing bullish sentiment toward the fund’s technology exposure. 3 ETFs to Buy with At Least 15% Upside Potential, According to the AI Analyst
• Positive Sentiment: Recent economic commentary characterized cooler payroll growth as consistent with a low probability of recession. A softer labor market could support expectations for lower interest rates, which generally benefits growth and technology stocks held by QQQ. Mixed Data, Cooler Payrolls – And Still A Low Probability Of Recession
• Neutral Sentiment: Market outlook articles presented competing views on inflation, wages, government debt, AI investment and September seasonality, suggesting investors remain divided over the durability of the technology-led rally. September Market Digest
• Negative Sentiment: Warnings of an AI-bubble burst, falling token prices and rising yields highlight valuation and rate risks for QQQ’s high-growth holdings. AI Bubble Burst: Token Prices Collapse, And Yields Soar
• Negative Sentiment: Escalating U.S.-Iran tensions and renewed discussion of the Iran conflict could increase market uncertainty and pressure risk-sensitive technology shares. Exchange-Traded Funds, Equity Futures Mixed Pre-Bell Wednesday Amid Escalating US-Iran Tensions

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.