CPC Advisors LLC Trims Stock Position in Invesco QQQ $QQQ

CPC Advisors LLC decreased its stake in Invesco QQQ (NASDAQ:QQQ) by 60.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,780 shares of the exchange traded fund’s stock after selling 5,757 shares during the period. CPC Advisors LLC’s holdings in Invesco QQQ were worth $2,182,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Sterling Investment Counsel LLC raised its stake in Invesco QQQ by 22.6% during the 1st quarter. Sterling Investment Counsel LLC now owns 2,228 shares of the exchange traded fund’s stock worth $1,286,000 after acquiring an additional 411 shares in the last quarter. Capstone Wealth Management Group LLC lifted its position in Invesco QQQ by 1.4% in the fourth quarter. Capstone Wealth Management Group LLC now owns 14,165 shares of the exchange traded fund’s stock valued at $8,702,000 after acquiring an additional 196 shares during the last quarter. Warren Street Wealth Advisors LLC acquired a new position in Invesco QQQ in the first quarter valued at $6,092,000. Upper Left Wealth Management LLC boosted its stake in Invesco QQQ by 16.2% in the first quarter. Upper Left Wealth Management LLC now owns 753 shares of the exchange traded fund’s stock valued at $435,000 after acquiring an additional 105 shares in the last quarter. Finally, Sunbeam Capital Management LLC grew its holdings in shares of Invesco QQQ by 27.5% during the first quarter. Sunbeam Capital Management LLC now owns 927 shares of the exchange traded fund’s stock worth $535,000 after purchasing an additional 200 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 0.4%

Shares of QQQ stock opened at $737.95 on Tuesday. The stock’s 50-day moving average is $697.96 and its two-hundred day moving average is $640.45. Invesco QQQ has a 1 year low of $523.65 and a 1 year 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 a boost 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 dividend on an annualized basis and a dividend yield of 0.4%.

Invesco QQQ News Summary

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

• Positive Sentiment: Articles highlighting strong earnings growth and continued demand for Nasdaq-100 names support the case for QQQ’s long-term performance, especially if big tech fundamentals remain intact.
• Positive Sentiment: The Nasdaq-100’s June rebalance and new index additions can keep passive inflows flowing into QQQ, helping reinforce demand for the ETF. The Qs Shift Gears: Nasdaq 100 Rebalances While SpaceX Looms
• Neutral Sentiment: Several pieces compare QQQ with QQQM and SPY, but these are mostly portfolio-structure and fee discussions rather than direct drivers of near-term performance. QQQ vs QQQM: Same Nasdaq-100 Index, One Clear Winner for Long-Term Investors
• Neutral Sentiment: Macro articles on inflation, Fed policy, GDP, and Iran peace talks signal a risk-on/risk-off backdrop that is influencing QQQ, but they do not point to a single ETF-specific event. Thursday’s Hot Inflation Print Could Scare A Lot Of People Into The Wrong Trade
• Negative Sentiment: Comments that a hotter inflation print and a hawkish Fed could hurt growth stocks are a headwind for QQQ, which is heavily weighted toward rate-sensitive technology names.
• Negative Sentiment: A bearish take on QQQ’s AI exposure suggests the market may be too optimistic about the durability of the megacap tech growth trade. QQQ: The AI Business Model Is Likely Collapsing

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.