BXM Wealth LLC Sells 191,118 Shares of Invesco QQQ $QQQ

BXM Wealth LLC reduced its position in Invesco QQQ (NASDAQ:QQQ) by 86.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 28,844 shares of the exchange traded fund’s stock after selling 191,118 shares during the period. Invesco QQQ accounts for about 12.8% of BXM Wealth LLC’s holdings, making the stock its biggest holding. BXM Wealth LLC’s holdings in Invesco QQQ were worth $16,648,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. Goodman Advisory Group LLC purchased a new position in shares of Invesco QQQ during the third quarter worth approximately $25,000. University of Texas Texas AM Investment Management Co. acquired a new position in Invesco QQQ in the fourth quarter valued at $25,000. Annis Gardner Whiting Capital Advisors LLC raised its holdings in shares of Invesco QQQ by 2,150.0% in 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 buying an additional 43 shares during the last quarter. Shcp LLC acquired a new stake in shares of Invesco QQQ during the third quarter worth about $27,000. Finally, Rachor Investment Advisory Services LLC purchased a new stake in Invesco QQQ during the 4th quarter valued at approximately $29,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 2.5%

Shares of QQQ stock opened at $724.08 on Tuesday. The business’s 50 day moving average is $706.67 and its two-hundred day moving average is $643.61. Invesco QQQ has a twelve month low of $544.66 and a twelve month high of $748.65.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, June 22nd will be issued a $0.8135 dividend. The ex-dividend date of this dividend 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 dividend yield of 0.4%.

Invesco QQQ News Summary

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

• Positive Sentiment: SpaceX’s addition to the Nasdaq-100 could force large index funds, including QQQ, to buy shares, creating extra demand for Nasdaq-heavy portfolios. SpaceX joins Nasdaq-100 index weeks after SPCX IPO
• Positive Sentiment: Multiple pieces highlighted that Nasdaq-100 ETFs remain strong performers, with QQQ still benefiting from investor appetite for large-cap technology and AI-related names. Nasdaq-100 ETFs Keep Sizzling: Can the Rally Last?
• Neutral Sentiment: Comments about AI creating trillions in value reinforce the long-term case for tech-heavy ETFs like QQQ, but they do not provide an immediate stock-specific catalyst. AI Just Minted $10 Trillion and You Own None of It. These 4 ETFs Put You in the Game
• Neutral Sentiment: Some market coverage noted broad U.S. equities rising and mixed ETF performance, suggesting overall sentiment is constructive but not uniformly strong. Exchange-Traded Funds Mixed, US Equities Rise After Midday
• Negative Sentiment: Several articles warned the Nasdaq-100 may be flashing technical warning signs after a recent slide, which could pressure QQQ if tech momentum cools. Nasdaq 100 Flashes Warning Signs After 5-Day Slide: Is The Tech Rally Running Out Of Steam?

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.