Certified Advisory Corp Grows Stock Position in Invesco QQQ $QQQ

Certified Advisory Corp raised its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 61,687 shares of the exchange traded fund’s stock after purchasing an additional 1,030 shares during the quarter. Invesco QQQ accounts for about 3.2% of Certified Advisory Corp’s investment portfolio, making the stock its 2nd largest position. Certified Advisory Corp’s holdings in Invesco QQQ were worth $35,605,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Goodman Advisory Group LLC bought a new stake in shares of Invesco QQQ during the 3rd quarter valued at $25,000. University of Texas Texas AM Investment Management Co. bought a new position in Invesco QQQ in the 4th quarter worth $25,000. Annis Gardner Whiting Capital Advisors LLC boosted 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. Shcp LLC bought a new position in Invesco QQQ in the 3rd quarter worth $27,000. Finally, Rachor Investment Advisory Services LLC purchased a new stake in Invesco QQQ in the 4th quarter worth $29,000. 44.58% of the stock is currently owned by institutional investors.

Key Stories Impacting Invesco QQQ

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

• Positive Sentiment: Some commentary argues the recent AI and semiconductor pullback is likely profit-taking rather than a broken long-term story, which could help QQQ rebound if buyers return. Market Strategist Says AI Selloff Is ‘Just Profit-Taking,’ Not a Broken Story
• Positive Sentiment: Several market outlook pieces suggest the S&P 500 and the broader rally still have upside left, which supports sentiment for large-cap growth exposure like QQQ. S&P 500’s Rally Still Looks Fundamentally Well Supported
• Positive Sentiment: Wall Street commentary says the current summer slump in stocks may be short-lived, suggesting recent weakness could be temporary rather than a trend change. Why Wall Street’s Summer Slump Will Be Short-Lived
• Neutral Sentiment: QQQ remains heavily used by options traders, and a new article highlighted covered-call income potential in the ETF. This reinforces QQQ’s popularity but does not materially change fundamentals. Can You Sell Covered Calls on Leveraged ETFs for Income? Yes, But The Yield Is Risky
• Neutral Sentiment: State Street launched a new Nasdaq 100 ETF, adding competition for QQQ-style exposure, but the near-term effect on QQQ’s price should be limited. State Street Goes Heads Up With Qs, Launches Nasdaq 100 ETF
• Negative Sentiment: Market coverage noted a broader tech sell-off and weakness in chip stocks, which is a headwind for QQQ because the fund is heavily weighted toward large technology names. Stock Market Today: Dow Falls After Tech Sell-Off; FedEx Dives On Earnings (Live Coverage)
• Negative Sentiment: Other commentary pointed to risks from higher-for-longer interest rates, rising real yields, and signs of a potential market rotation away from tech, all of which can pressure QQQ. Higher-For-Longer Interest Rates Could Disrupt The Current Market Narrative

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $709.51 on Thursday. The business’s 50-day simple moving average is $701.85 and its two-hundred day simple moving average is $641.70. Invesco QQQ has a 52 week low of $539.38 and a 52 week high of $748.65.

Invesco QQQ Increases Dividend

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

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.