Invesco QQQ $QQQ Shares Sold by Geneva Partners LLC

Geneva Partners LLC lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 20.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,079 shares of the exchange traded fund’s stock after selling 1,081 shares during the period. Invesco QQQ makes up approximately 1.1% of Geneva Partners LLC’s portfolio, making the stock its 29th biggest holding. Geneva Partners LLC’s holdings in Invesco QQQ were worth $2,354,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in QQQ. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Invesco QQQ in the 4th quarter worth $25,000. Shcp LLC acquired a new stake in Invesco QQQ during the third quarter worth about $27,000. Annis Gardner Whiting Capital Advisors LLC increased its stake 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 acquiring an additional 43 shares during the last quarter. Rachor Investment Advisory Services LLC purchased a new position in shares of Invesco QQQ in the 4th quarter worth about $29,000. Finally, Islay Capital Management LLC acquired a new position in shares of Invesco QQQ in the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ opened at $709.43 on Wednesday. Invesco QQQ has a 1 year low of $551.10 and a 1 year high of $748.65. The firm has a 50 day moving average price of $714.87 and a 200 day moving average price of $648.06.

Invesco QQQ Increases Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Monday, June 22nd. This represents a $3.25 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost 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: SpaceX’s addition to the Nasdaq-100 could boost passive index inflows and highlights the continued appetite for high-growth names inside QQQ. Invesco QQQ investors will gain indirect exposure to SpaceX through the index. Article Title
• Positive Sentiment: Several articles note that SpaceX’s Nasdaq-100 inclusion should trigger buying from funds that track the index, which can create a short-term tailwind for QQQ as index rebalancing flows come in. Article Title
• Positive Sentiment: Analysts reportedly see strong upside in SpaceX, and broader enthusiasm around major AI and tech names may support sentiment for Nasdaq-linked ETFs like QQQ. Article Title
• Neutral Sentiment: BlackRock is launching a cheaper Nasdaq-100 ETF, which could increase competition for QQQ over time, though the immediate impact is likely limited. Article Title
• Negative Sentiment: Broad market weakness hit Nasdaq futures and tech shares as higher yields and oil prices pressured growth stocks, a headwind for QQQ’s heavy exposure to megacap technology. Article Title
• Negative Sentiment: Technical analysts warned the Nasdaq-100 may be forming a reversal pattern, with one article calling out a potential “diamond top” in QQQ, which could weigh on momentum traders. Article Title
• Negative Sentiment: Commentary about the AI trade being “overheated” and warnings about a possible bubble in growth stocks may add to selling pressure in QQQ’s largest holdings. Article Title

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.