Invesco QQQ $QQQ Holdings Lowered by Trademark Financial Management LLC

Trademark Financial Management LLC lowered its stake in Invesco QQQ (NASDAQ:QQQ) by 38.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,508 shares of the exchange traded fund’s stock after selling 5,264 shares during the quarter. Invesco QQQ makes up 2.4% of Trademark Financial Management LLC’s investment portfolio, making the stock its 14th largest holding. Trademark Financial Management LLC’s holdings in Invesco QQQ were worth $4,910,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Three Cord True Wealth Management LLC lifted its holdings in shares of Invesco QQQ by 6.7% in the first quarter. Three Cord True Wealth Management LLC now owns 877 shares of the exchange traded fund’s stock valued at $506,000 after purchasing an additional 55 shares in the last quarter. Proathlete Wealth Management LLC grew its holdings in shares of Invesco QQQ by 2.2% during the first quarter. Proathlete Wealth Management LLC now owns 31,325 shares of the exchange traded fund’s stock valued at $18,099,000 after buying an additional 679 shares in the last quarter. Blue Capital Inc. grew its holdings in shares of Invesco QQQ by 9.6% during the first quarter. Blue Capital Inc. now owns 15,342 shares of the exchange traded fund’s stock valued at $8,855,000 after buying an additional 1,343 shares in the last quarter. Peregrine Asset Advisers Inc. raised its position in Invesco QQQ by 0.6% during the first quarter. Peregrine Asset Advisers Inc. now owns 3,778 shares of the exchange traded fund’s stock valued at $2,181,000 after buying an additional 24 shares during the period. Finally, Eagle Bay Advisors LLC lifted its stake in Invesco QQQ by 165.3% in the 1st quarter. Eagle Bay Advisors LLC now owns 2,600 shares of the exchange traded fund’s stock worth $1,501,000 after acquiring an additional 1,620 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ News Summary

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

• Positive Sentiment: The June jobs reports and related commentary point to softer hiring, which could reduce pressure on the Federal Reserve to stay hawkish and support growth stocks like QQQ’s heavy tech holdings. BLS Jobs Report: +57K, Half Expectations
• Positive Sentiment: Several articles argue that cooler labor-market data is already cooling rate-hike talk, which tends to help long-duration assets and growth ETFs such as QQQ. U.S. Rate Hike Talk Cools On Softer Jobs Data
• Positive Sentiment: Despite recent AI worries, some coverage says the semiconductor rotation and broader Nasdaq strength still look intact, which is supportive for QQQ’s top holdings. The Rotation Is Turning On Semiconductors
• Neutral Sentiment: Market commentary shows a split tape, with ETFs and U.S. equities mixed after midday and investors waiting for more clarity on growth and rates. Exchange-Traded Funds Fall, US Equities Mixed After Midday
• Neutral Sentiment: There is also a steady stream of cautious AI commentary, including warnings about a possible bubble and heavy capex, but other articles push back and say those concerns may be overstated. Michael Burry’s newest short reveals what really worries him about AI
• Negative Sentiment: Articles highlighting a sharp drop in the Magnificent 7’s market value and “AI bubble” fears could weigh on QQQ because the fund is heavily exposed to mega-cap tech. The Mag 7 Just Lost $2.3 Trillion in a Single Month. Here’s the AI Fear Behind It
• Negative Sentiment: One piece also warns that QQQ investors may be paying up for a fee structure that lags a cheaper sibling ETF, which is a longer-term headwind for fund flows. With the SpaceX IPO Reshaping the Nasdaq, Is QQQ Still a Smart Investment Right Now?

Invesco QQQ Price Performance

NASDAQ QQQ opened at $713.61 on Friday. Invesco QQQ has a 52-week low of $549.58 and a 52-week high of $748.65. The company has a 50 day simple moving average of $711.37 and a 200-day simple moving average of $645.79.

Invesco QQQ Increases Dividend

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

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.