Invesco QQQ $QQQ Shares Sold by Smith Salley Wealth Management

Smith Salley Wealth Management reduced its position in Invesco QQQ (NASDAQ:QQQ) by 12.7% in the 1st quarter, Holdings Channel reports. The fund owned 5,378 shares of the exchange traded fund’s stock after selling 781 shares during the period. Smith Salley Wealth Management’s holdings in Invesco QQQ were worth $3,104,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Upper Left Wealth Management LLC lifted its stake in shares of Invesco QQQ by 16.2% during 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 grew its position in shares of Invesco QQQ by 27.5% in the first 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 during the period. Henrickson Nauta Wealth Advisors Inc. grew its position in shares of Invesco QQQ by 8.2% in the first 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 during the period. CWC Advisors LLC. increased its stake in Invesco QQQ by 1.0% in the first quarter. CWC Advisors LLC. now owns 5,297 shares of the exchange traded fund’s stock valued at $3,057,000 after purchasing an additional 55 shares during the last quarter. Finally, Ballast Rock Private Wealth LLC lifted its position in Invesco QQQ by 3.4% during the first quarter. Ballast Rock Private Wealth LLC now owns 4,712 shares of the exchange traded fund’s stock worth $2,720,000 after buying an additional 155 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

More Invesco QQQ News

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 Trading Down 0.4%

NASDAQ QQQ opened at $737.95 on Tuesday. The business’s 50-day moving average price is $697.96 and its 200 day moving average price is $640.45. Invesco QQQ has a twelve month low of $523.65 and a twelve month high of $748.65.

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 issued a dividend of $0.8135 per share. This represents a $3.25 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Monday, June 22nd. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.73.

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.