Fischer Financial Services Inc. Trims Stock Position in Invesco QQQ $QQQ

Fischer Financial Services Inc. trimmed its holdings in Invesco QQQ (NASDAQ:QQQ) by 81.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,586 shares of the exchange traded fund’s stock after selling 24,173 shares during the period. Invesco QQQ accounts for approximately 1.1% of Fischer Financial Services Inc.’s holdings, making the stock its 27th largest holding. Fischer Financial Services Inc.’s holdings in Invesco QQQ were worth $3,224,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Invesco QQQ during the 4th quarter worth about $25,000. Shcp LLC purchased a new stake in Invesco QQQ in the third quarter valued at approximately $27,000. Annis Gardner Whiting Capital Advisors LLC increased its position in Invesco QQQ by 2,150.0% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 43 shares during the last quarter. Rachor Investment Advisory Services LLC acquired a new position in Invesco QQQ during the fourth quarter worth approximately $29,000. Finally, Islay Capital Management LLC purchased a new position in Invesco QQQ during the fourth quarter worth approximately $32,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

More Invesco QQQ News

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

• Positive Sentiment: SpaceX is joining the Nasdaq-100, which means QQQ — as a Nasdaq-100 ETF — will gain indirect exposure to the company and may see passive index-related buying as index funds add the new holding. Article Title
• Positive Sentiment: Multiple reports highlight that funds tracking the Nasdaq-100 must buy SpaceX, with investors viewing the addition as a fresh catalyst for the index and its ETF products. Article Title
• Neutral Sentiment: Market commentary shows retail sentiment around QQQ remains bullish, while broader futures action is mixed and tech stocks are reacting to Samsung-driven chip weakness. Article Title
• Negative Sentiment: Some articles warn that QQQ’s tech-heavy structure leaves it more volatile than broader index funds like VOO, which could limit enthusiasm among long-term investors if growth stocks cool. Article Title

Invesco QQQ Stock Up 1.4%

NASDAQ:QQQ opened at $722.82 on Tuesday. The firm’s 50 day moving average is $712.54 and its two-hundred day moving average is $646.51. Invesco QQQ has a fifty-two week low of $549.58 and a fifty-two week high of $748.65.

Invesco QQQ Increases Dividend

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

Invesco QQQ Company 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.