Invesco QQQ $QQQ Shares Sold by Koss Olinger Consulting LLC

Koss Olinger Consulting LLC lessened its holdings in Invesco QQQ (NASDAQ:QQQ) by 44.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,770 shares of the exchange traded fund’s stock after selling 1,388 shares during the period. Koss Olinger Consulting LLC’s holdings in Invesco QQQ were worth $1,022,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of QQQ. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at $25,000. Annis Gardner Whiting Capital Advisors LLC grew its stake in Invesco QQQ by 2,150.0% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 43 shares in the last quarter. Shcp LLC purchased a new stake in Invesco QQQ during the 3rd quarter worth about $27,000. Rachor Investment Advisory Services LLC purchased a new stake in Invesco QQQ during the 4th quarter worth about $29,000. Finally, Islay Capital Management LLC acquired a new stake in Invesco QQQ in the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ opened at $695.33 on Monday. The stock has a 50-day simple moving average of $720.41 and a 200-day simple moving average of $653.36. Invesco QQQ has a 1 year low of $551.68 and a 1 year high of $748.65.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 22nd were issued a $0.8135 dividend. This represents a $3.25 annualized dividend and a yield of 0.5%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend was Monday, June 22nd.

More Invesco QQQ News

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

• Positive Sentiment: Apple is outperforming and hitting fresh records, which helps support QQQ because AAPL is one of its largest holdings. AAPL Stock Hits Fresh Record As July Rally Nears Best Month In Nearly 4 Years — HSBC Sees Another 10% Upside
• Neutral Sentiment: New ETF launches and commentary continue to highlight investor interest in Nasdaq and tech income strategies, but these are not strong enough to move QQQ on their own. Meet TMGN, the 0.88 Fee ETF Betting on Tech Giants and Options Income
• Neutral Sentiment: Broad-market ETFs and U.S. equities were mixed to lower intraday, suggesting overall risk appetite has softened. Exchange-Traded Funds Fall as US Equities Decline After Midday
• Negative Sentiment: Chip stocks are under pressure on TSMC capex concerns, hurting the semiconductor-heavy portion of the Nasdaq-100 and weighing on QQQ. S&P 500, Nasdaq, Dow End Lower As Chip Stocks Slide On TSMC Capex Concerns — TSM, MU, NVDA, UNH, GOOGL In Focus
• Negative Sentiment: Tech and momentum stocks are seeing some of the highest volatility in decades, adding to pressure on the Nasdaq-100 and QQQ. The Tech Shakeout: Market Extremes & Gavin Baker’s Bold Call

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.