Invesco QQQ $QQQ Stock Position Lowered by Pilgrim Partners Asia Pte Ltd

Pilgrim Partners Asia Pte Ltd cut its holdings in Invesco QQQ (NASDAQ:QQQ) by 11.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 54,650 shares of the exchange traded fund’s stock after selling 6,950 shares during the period. Invesco QQQ accounts for about 17.2% of Pilgrim Partners Asia Pte Ltd’s portfolio, making the stock its 2nd largest holding. Pilgrim Partners Asia Pte Ltd’s holdings in Invesco QQQ were worth $40,244,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. CAP Partners LLC lifted its stake in shares of Invesco QQQ by 3.5% in the 1st quarter. CAP Partners LLC now owns 444 shares of the exchange traded fund’s stock valued at $256,000 after purchasing an additional 15 shares during the last quarter. Durante & Waters LLC grew its holdings in shares of Invesco QQQ by 1.1% during the 1st quarter. Durante & Waters LLC now owns 1,425 shares of the exchange traded fund’s stock worth $822,000 after purchasing an additional 15 shares during the period. Roxbury Financial LLC increased its position in shares of Invesco QQQ by 19.7% during the 2nd quarter. Roxbury Financial LLC now owns 91 shares of the exchange traded fund’s stock worth $67,000 after purchasing an additional 15 shares during the last quarter. GoalVest Advisory LLC increased its position in shares of Invesco QQQ by 0.5% during the 2nd quarter. GoalVest Advisory LLC now owns 3,016 shares of the exchange traded fund’s stock worth $2,221,000 after purchasing an additional 15 shares during the last quarter. Finally, Forty three Eighteen Advisors LLC raised its holdings in Invesco QQQ by 0.6% in the 1st quarter. Forty three Eighteen Advisors LLC now owns 2,694 shares of the exchange traded fund’s stock valued at $1,555,000 after buying an additional 16 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ opened at $710.72 on Wednesday. The company’s 50-day moving average price is $712.63 and its 200 day moving average price is $669.68. Invesco QQQ has a 12-month low of $555.60 and a 12-month high of $748.65.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 22nd were given a dividend of $0.8135 per share. This is a boost 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.

Invesco QQQ News Roundup

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

• Positive Sentiment: U.S. equity ETFs and futures moved higher as technology and semiconductor stocks recovered, providing a favorable backdrop for QQQ’s large-cap growth holdings. Exchange-Traded Funds, Equity Futures Higher Pre-Bell Tuesday as Chip Stocks Recover
• Positive Sentiment: Investor focus on AI infrastructure continues to support QQQ indirectly. The ETF owns major AI and cloud-computing customers rather than the specialized companies renting out AI compute capacity, reinforcing its exposure to sustained AI spending. Wall Street Just Invented the Neocloud ETF
• Positive Sentiment: Lower crude-oil prices may ease inflation concerns and support expectations for less restrictive monetary policy, a potential benefit for growth-oriented technology stocks. Drop In Crude Oil Prices Fuels Markets
• Neutral Sentiment: Technical analysis identifies substantial support near 700, but QQQ remains in a negative-gamma regime, which can amplify volatility around key options levels. QQQ Negative Gamma Regime
• Negative Sentiment: QQQ experienced outflows even as investors directed significant funds into S&P 500 ETFs, suggesting some rotation away from concentrated Nasdaq-100 exposure. S&P 500 ETF Inflows and QQQ Outflows
• Negative Sentiment: Recent weakness in technology stocks, elevated bond-market and fiscal concerns, and upcoming Nvidia results and inflation data could increase volatility because QQQ is heavily weighted toward mega-cap technology companies. Treasury Bond Buybacks, Nvidia Earnings and Inflation Data

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.