Advisortrust Partners LLC Trims Stock Holdings in Invesco QQQ $QQQ

Advisortrust Partners LLC cut its holdings in Invesco QQQ (NASDAQ:QQQ) by 5.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 25,630 shares of the exchange traded fund’s stock after selling 1,615 shares during the period. Invesco QQQ comprises approximately 6.2% of Advisortrust Partners LLC’s holdings, making the stock its biggest position. Advisortrust Partners LLC’s holdings in Invesco QQQ were worth $14,793,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of QQQ. University of Texas Texas AM Investment Management Co. bought a new position in Invesco QQQ in the fourth quarter worth about $25,000. Shcp LLC bought a new position in shares of Invesco QQQ during the third quarter valued at approximately $27,000. Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of 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 valued at $28,000 after purchasing an additional 43 shares during the last quarter. Rachor Investment Advisory Services LLC acquired a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $29,000. Finally, Islay Capital Management LLC acquired a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $32,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 1.5%

QQQ stock opened at $695.33 on Friday. Invesco QQQ has a 1 year low of $551.68 and a 1 year high of $748.65. The stock’s fifty day moving average is $720.41 and its two-hundred day moving average is $653.13.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 22nd were given a dividend of $0.8135 per share. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.73. The ex-dividend date was Monday, June 22nd. This represents a $3.25 dividend on an annualized basis and a dividend yield of 0.5%.

Invesco QQQ News Roundup

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

• Positive Sentiment: Apple is outperforming and hitting fresh records, which helps support QQQ because AAPL is one of its largest holdings. AAPL Stock Hits Fresh Record As July Rally Nears Best Month In Nearly 4 Years — HSBC Sees Another 10% Upside
• Neutral Sentiment: New ETF launches and commentary continue to highlight investor interest in Nasdaq and tech income strategies, but these are not strong enough to move QQQ on their own. Meet TMGN, the 0.88 Fee ETF Betting on Tech Giants and Options Income
• Neutral Sentiment: Broad-market ETFs and U.S. equities were mixed to lower intraday, suggesting overall risk appetite has softened. Exchange-Traded Funds Fall as US Equities Decline After Midday
• Negative Sentiment: Chip stocks are under pressure on TSMC capex concerns, hurting the semiconductor-heavy portion of the Nasdaq-100 and weighing on QQQ. S&P 500, Nasdaq, Dow End Lower As Chip Stocks Slide On TSMC Capex Concerns — TSM, MU, NVDA, UNH, GOOGL In Focus
• Negative Sentiment: Tech and momentum stocks are seeing some of the highest volatility in decades, adding to pressure on the Nasdaq-100 and QQQ. The Tech Shakeout: Market Extremes & Gavin Baker’s Bold Call

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.