Invesco QQQ $QQQ Holdings Cut by Innova Wealth Partners

Innova Wealth Partners reduced its stake in Invesco QQQ (NASDAQ:QQQ) by 18.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,893 shares of the exchange traded fund’s stock after selling 882 shares during the period. Invesco QQQ accounts for about 1.1% of Innova Wealth Partners’ investment portfolio, making the stock its 25th biggest holding. Innova Wealth Partners’ holdings in Invesco QQQ were worth $2,247,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Goodman Advisory Group LLC bought a new position in Invesco QQQ during the 3rd quarter worth $25,000. University of Texas Texas AM Investment Management Co. bought a new stake in Invesco QQQ in the fourth quarter valued at $25,000. Annis Gardner Whiting Capital Advisors LLC lifted its stake in 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 bought a new stake in Invesco QQQ in the third quarter valued at $27,000. Finally, Rachor Investment Advisory Services LLC acquired a new position in shares of Invesco QQQ during the fourth quarter valued at $29,000. 44.58% of the stock is owned by institutional investors.

More Invesco QQQ News

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

• Positive Sentiment: Broad market sentiment around tech remains supportive, with reports that the Nasdaq showed strength, U.S. equities advanced, and analysts highlighted continued AI-driven upside that could help the Nasdaq-100 holdings inside QQQ. Article Title
• Positive Sentiment: SpaceX is set to join the Nasdaq-100 on July 7, and coverage says passive index funds will need to buy the stock, which could lift Nasdaq-100-tracking products like QQQ through rebalancing flows. Article Title
• Neutral Sentiment: Economic data was mixed, with ADP jobs growth cooling below 100,000 for the first time since March while job openings hit a two-year high; that combination leaves interest-rate expectations and growth sentiment uncertain for large-cap tech. Article Title
• Negative Sentiment: One article argued that QQQ investors are “silently losing” performance over time because of its fee structure versus a cheaper near-identical alternative, which may pressure sentiment toward the fund itself even if it does not affect the underlying Nasdaq-100 holdings. Article Title

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $725.17 on Thursday. The company has a 50-day simple moving average of $709.98 and a 200-day simple moving average of $645.08. Invesco QQQ has a one year low of $546.12 and a one year high of $748.65.

Invesco QQQ Increases Dividend

The company also recently disclosed 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. The ex-dividend date 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.

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.