Investor s Fiduciary Advisor Network LLC Trims Position in Invesco QQQ $QQQ

Investor s Fiduciary Advisor Network LLC lowered its stake in Invesco QQQ (NASDAQ:QQQ) by 12.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,683 shares of the exchange traded fund’s stock after selling 2,075 shares during the period. Invesco QQQ makes up approximately 3.7% of Investor s Fiduciary Advisor Network LLC’s holdings, making the stock its 4th largest holding. Investor s Fiduciary Advisor Network LLC’s holdings in Invesco QQQ were worth $10,812,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Legacy Wealth Managment LLC ID grew its holdings in shares of Invesco QQQ by 11.4% in the second quarter. Legacy Wealth Managment LLC ID now owns 1,455 shares of the exchange traded fund’s stock worth $1,072,000 after purchasing an additional 149 shares during the last quarter. Copley Financial Group Inc. raised its holdings in Invesco QQQ by 3.2% during the 2nd quarter. Copley Financial Group Inc. now owns 2,588 shares of the exchange traded fund’s stock valued at $1,906,000 after buying an additional 81 shares during the last quarter. NWF Advisory Services Inc. raised its holdings in Invesco QQQ by 1.9% during the 2nd quarter. NWF Advisory Services Inc. now owns 16,833 shares of the exchange traded fund’s stock valued at $12,397,000 after buying an additional 306 shares during the last quarter. Wheelhouse Advisory Group LLC purchased a new stake in Invesco QQQ during the 2nd quarter valued at $254,000. Finally, Syon Capital LLC boosted its position in Invesco QQQ by 2.0% during the 2nd quarter. Syon Capital LLC now owns 1,776 shares of the exchange traded fund’s stock valued at $1,308,000 after buying an additional 35 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $717.67 on Friday. The company’s fifty day simple moving average is $711.01 and its two-hundred day simple moving average is $674.98. Invesco QQQ has a 12-month low of $555.60 and a 12-month high of $748.65.

Invesco QQQ Increases Dividend

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

More Invesco QQQ News

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

• Positive Sentiment: Broad U.S. equity ETFs moved higher after midday, indicating a supportive market backdrop for QQQ and its mega-cap technology constituents. Exchange-Traded Funds Rise as US Equities Advance After Midday
• Positive Sentiment: TipRanks’ ETF AI Analyst gave QQQ an Outperform rating and identified at least 15% upside potential, reinforcing bullish sentiment toward the fund’s technology exposure. 3 ETFs to Buy with At Least 15% Upside Potential, According to the AI Analyst
• Positive Sentiment: Recent economic commentary characterized cooler payroll growth as consistent with a low probability of recession. A softer labor market could support expectations for lower interest rates, which generally benefits growth and technology stocks held by QQQ. Mixed Data, Cooler Payrolls – And Still A Low Probability Of Recession
• Neutral Sentiment: Market outlook articles presented competing views on inflation, wages, government debt, AI investment and September seasonality, suggesting investors remain divided over the durability of the technology-led rally. September Market Digest
• Negative Sentiment: Warnings of an AI-bubble burst, falling token prices and rising yields highlight valuation and rate risks for QQQ’s high-growth holdings. AI Bubble Burst: Token Prices Collapse, And Yields Soar
• Negative Sentiment: Escalating U.S.-Iran tensions and renewed discussion of the Iran conflict could increase market uncertainty and pressure risk-sensitive technology shares. Exchange-Traded Funds, Equity Futures Mixed Pre-Bell Wednesday Amid Escalating US-Iran Tensions

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.