Invesco QQQ $QQQ is Dumont & Blake Investment Advisors LLC’s 2nd Largest Position

Dumont & Blake Investment Advisors LLC trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 3.8% in the 1st quarter, HoldingsChannel.com reports. The fund owned 34,117 shares of the exchange traded fund’s stock after selling 1,349 shares during the quarter. Invesco QQQ comprises approximately 4.9% of Dumont & Blake Investment Advisors LLC’s holdings, making the stock its 2nd largest holding. Dumont & Blake Investment Advisors LLC’s holdings in Invesco QQQ were worth $19,692,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Carrera Capital Advisors grew its stake in Invesco QQQ by 99.3% in the 4th quarter. Carrera Capital Advisors now owns 2,316 shares of the exchange traded fund’s stock valued at $1,423,000 after acquiring an additional 1,154 shares during the period. Sovran Advisors LLC raised its position in Invesco QQQ by 8.0% during the fourth quarter. Sovran Advisors LLC now owns 18,032 shares of the exchange traded fund’s stock worth $11,212,000 after acquiring an additional 1,340 shares during the period. Corepath Wealth Partners LLC raised its position in Invesco QQQ by 19.7% during the fourth quarter. Corepath Wealth Partners LLC now owns 8,723 shares of the exchange traded fund’s stock worth $5,471,000 after acquiring an additional 1,436 shares during the period. Cane Capital Partners LLC purchased a new position in Invesco QQQ during the fourth quarter valued at $715,000. Finally, Asset Allocation Strategies LLC acquired a new stake in shares of Invesco QQQ in the first quarter valued at about $18,142,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Key Stories Impacting Invesco QQQ

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

• Positive Sentiment: SpaceX is joining the Nasdaq-100, which means QQQ — as a Nasdaq-100 ETF — will gain indirect exposure to the company and may see passive index-related buying as index funds add the new holding. Article Title
• Positive Sentiment: Multiple reports highlight that funds tracking the Nasdaq-100 must buy SpaceX, with investors viewing the addition as a fresh catalyst for the index and its ETF products. Article Title
• Neutral Sentiment: Market commentary shows retail sentiment around QQQ remains bullish, while broader futures action is mixed and tech stocks are reacting to Samsung-driven chip weakness. Article Title
• Negative Sentiment: Some articles warn that QQQ’s tech-heavy structure leaves it more volatile than broader index funds like VOO, which could limit enthusiasm among long-term investors if growth stocks cool. Article Title

Invesco QQQ Trading Up 1.4%

Shares of NASDAQ QQQ opened at $722.82 on Tuesday. Invesco QQQ has a 52-week low of $549.58 and a 52-week high of $748.65. The company’s 50-day simple moving average is $712.54 and its 200-day simple moving average is $646.51.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, June 22nd will be paid a $0.8135 dividend. The ex-dividend date is Monday, June 22nd. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.73. This represents a $3.25 annualized dividend and a dividend yield of 0.5%.

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.