SOA Wealth Advisors LLC. Sells 1,528 Shares of Invesco QQQ $QQQ

SOA Wealth Advisors LLC. reduced its stake in Invesco QQQ (NASDAQ:QQQ) by 11.2% during the first quarter, Holdings Channel.com reports. The firm owned 12,087 shares of the exchange traded fund’s stock after selling 1,528 shares during the period. SOA Wealth Advisors LLC.’s holdings in Invesco QQQ were worth $6,976,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Norris Financial Group LLC purchased a new stake in shares of Invesco QQQ during the first quarter valued at approximately $10,444,000. Western Wealth Management LLC increased its stake in shares of Invesco QQQ by 1.2% in the first quarter. Western Wealth Management LLC now owns 131,472 shares of the exchange traded fund’s stock worth $75,883,000 after buying an additional 1,534 shares during the period. McIlrath & Eck LLC raised its holdings in Invesco QQQ by 30.7% during the 1st quarter. McIlrath & Eck LLC now owns 30,891 shares of the exchange traded fund’s stock valued at $17,829,000 after buying an additional 7,256 shares during the last quarter. Mascagni Wealth Management Inc. raised its holdings in Invesco QQQ by 4.1% during the 1st quarter. Mascagni Wealth Management Inc. now owns 2,364 shares of the exchange traded fund’s stock valued at $1,365,000 after buying an additional 93 shares during the last quarter. Finally, Orographic Financial Advisors LLC purchased a new stake in Invesco QQQ during the 1st quarter valued at $487,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $683.55 on Friday. Invesco QQQ has a 12-month low of $551.68 and a 12-month high of $748.65. The company’s fifty day simple moving average is $716.22 and its two-hundred day simple moving average is $657.69.

Invesco QQQ Increases Dividend

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

Key Stories Impacting Invesco QQQ

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

• Positive Sentiment: Microsoft earnings lifted the ETF. Microsoft reported $4.74 in EPS and $90 billion in revenue, with strong Azure cloud and Copilot growth reinforcing the artificial-intelligence investment theme. Microsoft’s rally supported QQQ because the ETF has significant exposure to the company and other large AI beneficiaries. Microsoft’s Earnings Beat: A Ripple Effect Across ETF Landscape
• Positive Sentiment: Broad technology stocks recovered. The Nasdaq and S&P 500 posted their strongest session in about a month, with gains in Microsoft, Alphabet, Oracle and other AI-linked shares helping QQQ move toward ending its recent losing streak. S&P 500, Nasdaq End Best Day in a Month
• Neutral Sentiment: QQQ remains concentrated in mega-cap growth stocks. Commentary comparing QQQ with SPYG highlights that performance depends less on broad technology exposure and more on the specific companies and weights held. This concentration increases upside when leaders outperform but also amplifies volatility. SPYG Vs. QQQ: It’s Not The Tech Exposure, It’s What’s Inside It
• Negative Sentiment: Interest-rate and inflation risks remain. The Federal Reserve held rates steady, but dissent among policymakers, elevated core PCE inflation and weaker-than-expected GDP kept the possibility of higher-for-longer rates alive. Rising yields generally pressure QQQ’s long-duration growth holdings. Fed Holds Rates Steady As 3 FOMC Members Dissent
• Negative Sentiment: AI valuation and geopolitical concerns remain overhangs. Recent warnings about excessive AI spending, chip-sector weakness and an oil-price spike tied to U.S.-Iran tensions contributed to the preceding correction and could limit the durability of the rebound. Oil Spikes 7%, Nasdaq 100 Sinks Before Fed

Invesco QQQ Company 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.