McClarren Financial Advisors Inc. Reduces Stock Holdings in Invesco QQQ $QQQ

McClarren Financial Advisors Inc. lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 40.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 4,385 shares of the exchange traded fund’s stock after selling 3,008 shares during the quarter. Invesco QQQ accounts for 1.5% of McClarren Financial Advisors Inc.’s holdings, making the stock its 17th biggest holding. McClarren Financial Advisors Inc.’s holdings in Invesco QQQ were worth $2,531,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Carrera Capital Advisors raised its holdings in shares of Invesco QQQ by 99.3% in the fourth quarter. Carrera Capital Advisors now owns 2,316 shares of the exchange traded fund’s stock worth $1,423,000 after buying an additional 1,154 shares during the period. Sovran Advisors LLC grew its position in Invesco QQQ by 8.0% in the 4th quarter. Sovran Advisors LLC now owns 18,032 shares of the exchange traded fund’s stock valued at $11,212,000 after acquiring an additional 1,340 shares during the last quarter. Corepath Wealth Partners LLC grew its position in Invesco QQQ by 19.7% in the 4th quarter. Corepath Wealth Partners LLC now owns 8,723 shares of the exchange traded fund’s stock valued at $5,471,000 after acquiring an additional 1,436 shares during the last quarter. Cane Capital Partners LLC purchased a new stake in Invesco QQQ in the fourth quarter worth $715,000. Finally, Mariner LLC increased its stake in Invesco QQQ by 2.6% in the fourth quarter. Mariner LLC now owns 1,084,500 shares of the exchange traded fund’s stock worth $666,226,000 after purchasing an additional 27,560 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $740.62 on Monday. Invesco QQQ has a twelve month low of $523.65 and a twelve month high of $748.65. The stock has a fifty day simple moving average of $695.40 and a 200-day simple moving average of $639.64.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors 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 annualized dividend and a yield of 0.4%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.73.

Key Headlines Impacting Invesco QQQ

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

• Positive Sentiment: Invesco QQQ declared a quarterly dividend of $0.8135 per share, an 11.0% increase from the prior quarter, which can improve investor sentiment toward the fund. Article Title
• Positive Sentiment: Multiple articles highlighted QQQ’s strong long-term performance, including commentary that a modest investment in the ETF a decade ago would now be worth far more, reinforcing its status as a premier growth benchmark. Article Title
• Neutral Sentiment: Broader market and ETF coverage showed U.S. equity funds trading higher at times, suggesting the macro backdrop is supportive but not specific to QQQ alone. Article Title
• Neutral Sentiment: Several Fed-related commentaries pointed to a more hawkish policy tone and less forward guidance, which could pressure rate-sensitive growth stocks even as investors assess the implications for the Nasdaq-100. Article Title

About Invesco QQQ

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.