ORBA Wealth Advisors L.L.C. Trims Stake in Invesco QQQ $QQQ

ORBA Wealth Advisors L.L.C. reduced its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 13.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,983 shares of the exchange traded fund’s stock after selling 755 shares during the period. Invesco QQQ accounts for about 3.1% of ORBA Wealth Advisors L.L.C.’s investment portfolio, making the stock its 11th largest holding. ORBA Wealth Advisors L.L.C.’s holdings in Invesco QQQ were worth $3,669,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. CAP Partners LLC increased its holdings in shares of Invesco QQQ by 3.5% in the 1st quarter. CAP Partners LLC now owns 444 shares of the exchange traded fund’s stock worth $256,000 after purchasing an additional 15 shares in the last quarter. Durante & Waters LLC grew its stake in shares of Invesco QQQ by 1.1% in the first quarter. Durante & Waters LLC now owns 1,425 shares of the exchange traded fund’s stock worth $822,000 after acquiring an additional 15 shares during the period. Roxbury Financial LLC raised its stake in Invesco QQQ by 19.7% during the 2nd quarter. Roxbury Financial LLC now owns 91 shares of the exchange traded fund’s stock valued at $67,000 after buying an additional 15 shares during the last quarter. GoalVest Advisory LLC raised its stake in Invesco QQQ by 0.5% during the 2nd quarter. GoalVest Advisory LLC now owns 3,016 shares of the exchange traded fund’s stock valued at $2,221,000 after buying an additional 15 shares during the last quarter. Finally, Forty three Eighteen Advisors LLC lifted its holdings in shares of Invesco QQQ by 0.6% during the 1st quarter. Forty three Eighteen Advisors LLC now owns 2,694 shares of the exchange traded fund’s stock valued at $1,555,000 after buying an additional 16 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ News Roundup

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

• Positive Sentiment: QQQ remains supported by strong year-to-date performance, with the Nasdaq-100’s gains suggesting that Wall Street still sees potential for additional upside despite recent volatility. Invesco QQQ Trust ETF Is Up 19% YTD
• Positive Sentiment: Invesco recorded substantial ETF inflows, indicating continued investor demand for its products and potentially reinforcing confidence in the broader Invesco platform. ETF League Tables: Invesco Registers Inflows
• Neutral Sentiment: QQQ and QQQM provide similar Nasdaq-100 exposure; comparisons emphasize QQQ’s liquidity and trading advantages, while QQQM may appeal more to long-term investors seeking lower costs. QQQ vs. QQQM
• Negative Sentiment: Market commentary warned that rising Treasury yields and a more complicated Fed outlook could pressure growth-stock valuations by increasing the discount rate applied to future earnings. Fed’s Next Rate Move Just Got More Complicated
• Negative Sentiment: Concerns over excessive AI spending, possible bubble conditions, elevated investor leverage, and weakening consumer sentiment increased the risk of a pullback in QQQ’s heavily weighted technology holdings. Macro Insights: AI Capex and Rising Yields

Invesco QQQ Stock Performance

QQQ stock opened at $717.51 on Wednesday. Invesco QQQ has a 1 year low of $555.60 and a 1 year high of $748.65. The stock’s fifty day moving average price is $713.60 and its 200-day moving average price is $666.46.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 22nd were paid a dividend of $0.8135 per share. The ex-dividend date was Monday, June 22nd. This represents a $3.25 dividend on an annualized basis and a dividend yield of 0.5%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.73.

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.