Paradigm Capital Management LLC NV Cuts Position in Invesco QQQ $QQQ

Paradigm Capital Management LLC NV trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ) by 27.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,587 shares of the exchange traded fund’s stock after selling 993 shares during the period. Invesco QQQ makes up about 1.4% of Paradigm Capital Management LLC NV’s holdings, making the stock its 24th largest holding. Paradigm Capital Management LLC NV’s holdings in Invesco QQQ were worth $1,493,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of QQQ. Gallacher Capital Management LLC raised its holdings in shares of Invesco QQQ by 5.2% in the 1st quarter. Gallacher Capital Management LLC now owns 788 shares of the exchange traded fund’s stock valued at $455,000 after buying an additional 39 shares during the period. Fiscal Wisdom Wealth Management LLC lifted its stake in Invesco QQQ by 5.1% during the 1st quarter. Fiscal Wisdom Wealth Management LLC now owns 740 shares of the exchange traded fund’s stock worth $427,000 after acquiring an additional 36 shares in the last quarter. AXS Investments LLC purchased a new position in Invesco QQQ during the 1st quarter valued at about $71,674,000. Clearstead Trust LLC boosted its holdings in Invesco QQQ by 5.0% during the 1st quarter. Clearstead Trust LLC now owns 151,861 shares of the exchange traded fund’s stock valued at $87,651,000 after acquiring an additional 7,223 shares during the period. Finally, Bessemer Group Inc. grew its position in Invesco QQQ by 8.1% in the 1st quarter. Bessemer Group Inc. now owns 58,285 shares of the exchange traded fund’s stock valued at $33,641,000 after acquiring an additional 4,373 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 1.6%

NASDAQ QQQ opened at $705.94 on Friday. The stock has a 50-day moving average of $720.72 and a two-hundred day moving average of $652.83. Invesco QQQ has a 1-year low of $551.68 and a 1-year high of $748.65.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders 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 positive change 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:

• Negative Sentiment: Chip stocks fell after TSMC’s spending outlook sparked concerns that the AI buildout may face margin pressure and weaker near-term returns, a headwind for Nasdaq-100 heavyweights like QQQ. Article Title
• Neutral Sentiment: Broader ETF and U.S. equity trading was mixed during the day, suggesting investors were rotating rather than broadly abandoning risk assets. Article Title
• Neutral Sentiment: Several articles highlighted QQQ’s long-term performance versus leveraged or alternative ETFs, but these were mostly commentary pieces and not a direct catalyst for the fund today. Article Title
• Neutral Sentiment: Macro updates on cooler inflation, Fed uncertainty, and geopolitical risks add to the market backdrop, but they are not specific to QQQ and have mixed implications for growth stocks. Article Title

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.