Invesco QQQ $QQQ Shares Sold by KPP Advisory Services LLC

KPP Advisory Services LLC cut its position in Invesco QQQ (NASDAQ:QQQ) by 13.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,066 shares of the exchange traded fund’s stock after selling 5,515 shares during the quarter. Invesco QQQ comprises about 2.9% of KPP Advisory Services LLC’s portfolio, making the stock its 2nd biggest holding. KPP Advisory Services LLC’s holdings in Invesco QQQ were worth $20,240,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in QQQ. 4Thought Financial Group Inc. lifted its holdings in shares of Invesco QQQ by 38.8% during the first quarter. 4Thought Financial Group Inc. now owns 1,703 shares of the exchange traded fund’s stock worth $983,000 after buying an additional 476 shares in the last quarter. Root Financial Partners LLC grew its stake in shares of Invesco QQQ by 1.7% in the first quarter. Root Financial Partners LLC now owns 8,355 shares of the exchange traded fund’s stock valued at $4,822,000 after acquiring an additional 141 shares in the last quarter. Stock Yards Bank & Trust Co. increased its position in Invesco QQQ by 4.5% during the first quarter. Stock Yards Bank & Trust Co. now owns 12,160 shares of the exchange traded fund’s stock worth $7,019,000 after acquiring an additional 521 shares during the period. Bellevue Asset Management LLC increased its position in Invesco QQQ by 6.3% during the first quarter. Bellevue Asset Management LLC now owns 335 shares of the exchange traded fund’s stock worth $194,000 after acquiring an additional 20 shares during the period. Finally, Semus Wealth Partners LLC raised its position in shares of Invesco QQQ by 0.7% in the first quarter. Semus Wealth Partners LLC now owns 4,160 shares of the exchange traded fund’s stock valued at $2,401,000 after buying an additional 29 shares in the last quarter. Institutional investors 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: 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 Price Performance

Shares of NASDAQ:QQQ opened at $725.17 on Thursday. The business’s 50 day simple moving average is $709.98 and its 200 day simple moving average is $645.08. Invesco QQQ has a 1 year low of $546.12 and a 1 year high of $748.65.

Invesco QQQ Increases Dividend

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

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.