Invesco QQQ $QQQ Shares Sold by Global Wealth Management LLC

Global Wealth Management LLC reduced its position in Invesco QQQ (NASDAQ:QQQ) by 16.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,763 shares of the exchange traded fund’s stock after selling 1,564 shares during the quarter. Invesco QQQ comprises about 2.4% of Global Wealth Management LLC’s investment portfolio, making the stock its 14th biggest position. Global Wealth Management LLC’s holdings in Invesco QQQ were worth $4,480,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capstone Wealth Management Group LLC grew its position in Invesco QQQ by 1.4% during 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 period. Warren Street Wealth Advisors LLC purchased a new position in shares of Invesco QQQ in the 1st quarter worth about $6,092,000. Upper Left Wealth Management LLC raised its holdings in shares of Invesco QQQ by 16.2% in the 1st quarter. Upper Left Wealth Management LLC now owns 753 shares of the exchange traded fund’s stock worth $435,000 after purchasing an additional 105 shares during the period. Sunbeam Capital Management LLC lifted its stake in shares of Invesco QQQ by 27.5% in the 1st quarter. Sunbeam Capital Management LLC now owns 927 shares of the exchange traded fund’s stock valued at $535,000 after purchasing an additional 200 shares in the last quarter. Finally, Henrickson Nauta Wealth Advisors Inc. lifted its stake in shares of Invesco QQQ by 8.2% in the 1st quarter. Henrickson Nauta Wealth Advisors Inc. now owns 1,435 shares of the exchange traded fund’s stock valued at $829,000 after purchasing an additional 109 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.4%

Shares of NASDAQ:QQQ opened at $737.95 on Tuesday. Invesco QQQ has a 1 year low of $523.65 and a 1 year high of $748.65. The stock has a 50-day simple moving average of $697.96 and a 200-day simple moving average of $640.45.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Monday, June 22nd will be issued a $0.8135 dividend. The ex-dividend date is Monday, June 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.73. This represents a $3.25 annualized dividend and a yield of 0.4%.

Key Headlines Impacting Invesco QQQ

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

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.