PPSC Investment Service Corp Reduces Holdings in Invesco QQQ $QQQ

PPSC Investment Service Corp lowered its stake in Invesco QQQ (NASDAQ:QQQ) by 0.6% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 263,176 shares of the exchange traded fund’s stock after selling 1,476 shares during the period. Invesco QQQ accounts for about 12.0% of PPSC Investment Service Corp’s holdings, making the stock its 4th largest holding. PPSC Investment Service Corp’s holdings in Invesco QQQ were worth $151,900,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Catalina Capital Group LLC raised its stake in Invesco QQQ by 4.8% during the first quarter. Catalina Capital Group LLC now owns 2,900 shares of the exchange traded fund’s stock valued at $1,674,000 after buying an additional 132 shares during the last quarter. Financial Guidance Group Inc. grew its stake in shares of Invesco QQQ by 3.3% in the first quarter. Financial Guidance Group Inc. now owns 31,797 shares of the exchange traded fund’s stock worth $18,352,000 after acquiring an additional 1,009 shares during the last quarter. Etesian Wealth Advisors Inc. bought a new position in shares of Invesco QQQ during the first quarter valued at $296,000. SageGuard Financial Group LLC increased its holdings in shares of Invesco QQQ by 3.3% during the first quarter. SageGuard Financial Group LLC now owns 25,136 shares of the exchange traded fund’s stock valued at $14,508,000 after acquiring an additional 796 shares in the last quarter. Finally, Next Level Private LLC raised its position in shares of Invesco QQQ by 13.4% in the 1st quarter. Next Level Private LLC now owns 770 shares of the exchange traded fund’s stock worth $445,000 after purchasing an additional 91 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 2.5%

Shares of Invesco QQQ stock opened at $724.08 on Tuesday. The firm’s 50-day moving average is $706.67 and its 200 day moving average is $643.61. Invesco QQQ has a 1 year low of $544.66 and a 1 year high of $748.65.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 22nd will be issued a $0.8135 dividend. This represents a $3.25 annualized dividend 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.

Trending Headlines about Invesco QQQ

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

• Positive Sentiment: SpaceX’s addition to the Nasdaq-100 could force large index funds, including QQQ, to buy shares, creating extra demand for Nasdaq-heavy portfolios. SpaceX joins Nasdaq-100 index weeks after SPCX IPO
• Positive Sentiment: Multiple pieces highlighted that Nasdaq-100 ETFs remain strong performers, with QQQ still benefiting from investor appetite for large-cap technology and AI-related names. Nasdaq-100 ETFs Keep Sizzling: Can the Rally Last?
• Neutral Sentiment: Comments about AI creating trillions in value reinforce the long-term case for tech-heavy ETFs like QQQ, but they do not provide an immediate stock-specific catalyst. AI Just Minted $10 Trillion and You Own None of It. These 4 ETFs Put You in the Game
• Neutral Sentiment: Some market coverage noted broad U.S. equities rising and mixed ETF performance, suggesting overall sentiment is constructive but not uniformly strong. Exchange-Traded Funds Mixed, US Equities Rise After Midday
• Negative Sentiment: Several articles warned the Nasdaq-100 may be flashing technical warning signs after a recent slide, which could pressure QQQ if tech momentum cools. Nasdaq 100 Flashes Warning Signs After 5-Day Slide: Is The Tech Rally Running Out Of Steam?

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.