Invesco QQQ $QQQ Shares Sold by Leslie Global Wealth LLC

Leslie Global Wealth LLC trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 10.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,449 shares of the exchange traded fund’s stock after selling 1,065 shares during the period. Invesco QQQ comprises approximately 2.7% of Leslie Global Wealth LLC’s investment portfolio, making the stock its 7th biggest position. Leslie Global Wealth LLC’s holdings in Invesco QQQ were worth $6,958,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in QQQ. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Invesco QQQ during the 4th quarter valued at $25,000. Shcp LLC bought a new stake in shares of Invesco QQQ during the 3rd quarter worth $27,000. Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of Invesco QQQ by 2,150.0% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock worth $28,000 after acquiring an additional 43 shares during the last quarter. Parvin Asset Management LLC acquired a new position in shares of Invesco QQQ in the 1st quarter worth $28,000. Finally, Rachor Investment Advisory Services LLC acquired a new stake in shares of Invesco QQQ during the fourth quarter worth $29,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Key Headlines Impacting Invesco QQQ

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

• Positive Sentiment: Cooling inflation and weaker labor-market data have reduced expectations for additional Federal Reserve rate hikes. Lower-rate expectations generally support QQQ’s technology and other growth-oriented holdings by improving the outlook for future earnings valuations. However, geopolitical risks around the Strait of Hormuz could keep oil prices and inflation volatile. Cooling Inflation Likely to Aid These ETF Areas
• Positive Sentiment: Exchange-traded funds were broadly higher before Friday’s opening, with investors awaiting retail-sales data. A constructive broader-market tone provided some support for QQQ, although mixed equity futures limited the follow-through. Exchange-Traded Funds Higher, Equity Futures Mixed Pre-Bell Friday Amid Retail Sales Data
• Positive Sentiment: Potential large technology IPOs, including Anthropic, could add another high-profile growth company to the Nasdaq ecosystem and potentially reinforce investor interest in technology-focused funds. Any direct benefit to QQQ would depend on the company’s eventual listing and index eligibility. Millions of 401(k) Holders Could Be Forced to Buy Anthropic Stock
• Neutral Sentiment: Investor sentiment is mixed: cooling inflation supports equities, but a historically elevated CAPE ratio and concerns about credit-market stress suggest that QQQ’s strong rally has left it vulnerable to volatility and profit-taking. What An All-Time High CAPE Ratio Implies for Investors
• Negative Sentiment: Investor Michael Burry has increased his bearish position against the QQQ ETF despite losses. The trade does not change the fund’s holdings, but it highlights skepticism about elevated technology valuations and may weigh on sentiment. Michael Burry Ramped Up His Bets Against Micron and the QQQ ETF

Invesco QQQ Stock Down 0.1%

Shares of Invesco QQQ stock opened at $731.07 on Friday. Invesco QQQ has a 12-month low of $555.60 and a 12-month high of $748.65. The stock’s fifty day moving average is $713.13 and its 200-day moving average is $664.89.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 22nd were issued a dividend of $0.8135 per share. This represents a $3.25 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, June 22nd. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.73.

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.