Invesco QQQ $QQQ is Scott Capital Advisors LLC’s 7th Largest Position

Scott Capital Advisors LLC lowered its position in shares of Invesco QQQ (NASDAQ:QQQ) by 4.5% in the second quarter, HoldingsChannel.com reports. The firm owned 45,828 shares of the exchange traded fund’s stock after selling 2,177 shares during the quarter. Invesco QQQ comprises 5.3% of Scott Capital Advisors LLC’s holdings, making the stock its 7th largest position. Scott Capital Advisors LLC’s holdings in Invesco QQQ were worth $33,747,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of QQQ. Spinnaker Investment Group LLC purchased a new position in Invesco QQQ in the second quarter valued at $222,000. Highland Financial Advisors LLC lifted its holdings in Invesco QQQ by 52.1% during the 2nd quarter. Highland Financial Advisors LLC now owns 902 shares of the exchange traded fund’s stock worth $664,000 after buying an additional 309 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its holdings in Invesco QQQ by 1.2% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 8,544 shares of the exchange traded fund’s stock worth $6,292,000 after buying an additional 98 shares during the last quarter. Community Financial Services Group LLC boosted its position in shares of Invesco QQQ by 13.3% during the 2nd quarter. Community Financial Services Group LLC now owns 1,266 shares of the exchange traded fund’s stock worth $918,000 after acquiring an additional 149 shares in the last quarter. Finally, Perkins Coie Trust Co boosted its position in shares of Invesco QQQ by 327.8% during the 2nd quarter. Perkins Coie Trust Co now owns 1,279 shares of the exchange traded fund’s stock worth $942,000 after acquiring an additional 980 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.3%

QQQ opened at $720.87 on Tuesday. Invesco QQQ has a one year low of $555.60 and a one year high of $748.65. The business’s 50-day simple moving average is $713.75 and its 200-day simple moving average is $662.21.

Invesco QQQ Increases Dividend

The firm also recently declared 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 dividend on an annualized basis 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.

Key Headlines Impacting Invesco QQQ

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

• Positive Sentiment: QQQ attracted approximately $10.2 billion in inflows last week, making it the leading recipient among U.S.-listed ETFs. The shift into QQQ came as investors took profits from semiconductor funds, signaling continued preference for diversified large-cap technology exposure. Semiconductor ETFs See Profit-Taking as Investors Pile Into QQQ
• Positive Sentiment: Market breadth within the Nasdaq-100 improved to its strongest level in more than a year, with about 70% of QQQ holdings trading above their 200-day moving averages. Broad participation can make the technology-led rally more durable than a narrow advance concentrated in a few mega-cap stocks. Nasdaq 100 Breadth Hits Its Strongest Level in Over a Year
• Positive Sentiment: Analysts cited historical momentum, potentially easier Federal Reserve policy and earnings strength from market leaders as reasons the broader technology market could move higher, providing a favorable backdrop for QQQ. Why Momentum, Fed Liquidity, & Tech Beats Signal More Upside
• Neutral Sentiment: Commentary on Nasdaq investing identifies continued technology leadership and earnings as potential catalysts, but also highlights interest-rate, valuation and concentration risks for QQQ investors. A Guide to Nasdaq ETF Investing
• Negative Sentiment: QQQ charges roughly 0.20% annually, versus about 0.15% for the nearly identical QQQM fund. The fee gap could encourage cost-sensitive investors to favor QQQM, creating a competitive disadvantage for QQQ over time. Same 100 Stocks, Different Price
• Negative Sentiment: Potentially higher inflation and interest rates could pressure high-growth technology valuations, while other market commentary warns that stocks may have already advanced too quickly. These risks could explain why QQQ has recently traded lower despite strong fund flows. The July CPI Report May Reveal Why Rates Are Headed Even Higher

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.