Larry Mathis Financial Planning LLC Sells 6,266 Shares of Invesco QQQ $QQQ

Larry Mathis Financial Planning LLC decreased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 91.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 563 shares of the exchange traded fund’s stock after selling 6,266 shares during the quarter. Larry Mathis Financial Planning LLC’s holdings in Invesco QQQ were worth $325,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of QQQ. Goodman Advisory Group LLC bought a new stake in Invesco QQQ in the third quarter worth $25,000. University of Texas Texas AM Investment Management Co. bought a new position in Invesco QQQ during the fourth quarter valued at about $25,000. Shcp LLC bought a new position in Invesco QQQ during the third quarter valued at about $27,000. Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of Invesco QQQ by 2,150.0% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 43 shares during the last quarter. Finally, Rachor Investment Advisory Services LLC acquired a new stake in shares of Invesco QQQ in the fourth quarter worth about $29,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 1.4%

QQQ opened at $706.52 on Friday. The stock has a 50-day moving average of $704.99 and a 200-day moving average of $642.79. Invesco QQQ has a 52-week low of $544.54 and a 52-week high of $748.65.

Invesco QQQ Increases Dividend

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

More Invesco QQQ News

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

• Positive Sentiment: Chipmaker strength helped calm some AI-related worries, with overnight futures supported by strong Micron results and broader optimism that the AI trade still has room to run.
• Neutral Sentiment: Several market commentary pieces argue that rotation is broadening beyond mega-cap tech, which could mean less concentration risk for QQQ but also a less dominant leadership role for the ETF.
• Neutral Sentiment: Invesco QQQ is also facing fresh competition, as State Street launched a rival Nasdaq-100 ETF and BlackRock is expected to enter the category, which may pressure fee and asset-growth dynamics over time. Article Title
• Negative Sentiment: Inflation readings remained sticky, including higher core PCE and core services inflation, reinforcing fears that the Fed may stay restrictive longer than hoped and weighing on growth stocks.
• Negative Sentiment: Bearish market commentary about a possible liquidity shock and an “S&P 500 bubble burst” likely added to pressure on QQQ’s tech-heavy holdings, which tend to be sensitive to tightening financial conditions.

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.