Balboa Wealth Partners Sells 2,746 Shares of Invesco QQQ $QQQ

Balboa Wealth Partners lessened its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 24.2% during the first quarter, HoldingsChannel.com reports. The fund owned 8,603 shares of the exchange traded fund’s stock after selling 2,746 shares during the quarter. Invesco QQQ accounts for about 0.8% of Balboa Wealth Partners’ portfolio, making the stock its 28th biggest position. Balboa Wealth Partners’ holdings in Invesco QQQ were worth $4,965,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Ballast Rock Private Wealth LLC boosted its holdings in shares of Invesco QQQ by 3.4% in the first quarter. Ballast Rock Private Wealth LLC now owns 4,712 shares of the exchange traded fund’s stock worth $2,720,000 after buying an additional 155 shares during the last quarter. First Community Trust NA grew its position in shares of Invesco QQQ by 505.5% during the 1st quarter. First Community Trust NA now owns 4,971 shares of the exchange traded fund’s stock valued at $2,869,000 after acquiring an additional 4,150 shares during the period. Breakthru Advisory Services LLC grew its position in shares of Invesco QQQ by 9.1% during the 1st quarter. Breakthru Advisory Services LLC now owns 2,903 shares of the exchange traded fund’s stock valued at $1,676,000 after acquiring an additional 242 shares during the period. Quotient Wealth Partners LLC increased its stake in shares of Invesco QQQ by 5.1% in the 1st quarter. Quotient Wealth Partners LLC now owns 1,911 shares of the exchange traded fund’s stock worth $1,103,000 after purchasing an additional 93 shares in the last quarter. Finally, Fortem Financial Group LLC increased its stake in shares of Invesco QQQ by 22.5% in the 1st quarter. Fortem Financial Group LLC now owns 14,586 shares of the exchange traded fund’s stock worth $8,418,000 after purchasing an additional 2,678 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Trending Headlines about Invesco QQQ

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

• Positive Sentiment: Articles highlighting strong earnings growth and continued demand for Nasdaq-100 names support the case for QQQ’s long-term performance, especially if big tech fundamentals remain intact.
• Positive Sentiment: The Nasdaq-100’s June rebalance and new index additions can keep passive inflows flowing into QQQ, helping reinforce demand for the ETF. The Qs Shift Gears: Nasdaq 100 Rebalances While SpaceX Looms
• Neutral Sentiment: Several pieces compare QQQ with QQQM and SPY, but these are mostly portfolio-structure and fee discussions rather than direct drivers of near-term performance. QQQ vs QQQM: Same Nasdaq-100 Index, One Clear Winner for Long-Term Investors
• Neutral Sentiment: Macro articles on inflation, Fed policy, GDP, and Iran peace talks signal a risk-on/risk-off backdrop that is influencing QQQ, but they do not point to a single ETF-specific event. Thursday’s Hot Inflation Print Could Scare A Lot Of People Into The Wrong Trade
• Negative Sentiment: Comments that a hotter inflation print and a hawkish Fed could hurt growth stocks are a headwind for QQQ, which is heavily weighted toward rate-sensitive technology names.
• Negative Sentiment: A bearish take on QQQ’s AI exposure suggests the market may be too optimistic about the durability of the megacap tech growth trade. QQQ: The AI Business Model Is Likely Collapsing

Invesco QQQ Stock Down 0.4%

Shares of Invesco QQQ stock opened at $737.95 on Tuesday. Invesco QQQ has a one year low of $523.65 and a one year high of $748.65. The stock’s fifty day moving average is $697.96 and its 200 day moving average is $640.45.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 22nd will be given a $0.8135 dividend. The ex-dividend date is Monday, June 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.73. This represents a $3.25 dividend on an annualized basis and a yield of 0.4%.

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.