Invesco QQQ $QQQ Shares Sold by Capelight Capital Asset Management LP

Capelight Capital Asset Management LP lessened its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 60.0% during the first quarter, HoldingsChannel reports. The firm owned 8,000 shares of the exchange traded fund’s stock after selling 12,000 shares during the quarter. Invesco QQQ accounts for approximately 3.3% of Capelight Capital Asset Management LP’s investment portfolio, making the stock its 13th largest holding. Capelight Capital Asset Management LP’s holdings in Invesco QQQ were worth $4,617,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of QQQ. Brighton Jones LLC lifted its holdings in Invesco QQQ by 15.0% in the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after buying an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of Invesco QQQ by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after acquiring an additional 176 shares in the last quarter. Jupiter Wealth Management LLC acquired a new position in shares of Invesco QQQ in the second quarter worth about $290,000. Wealth Group Ltd. boosted its holdings in Invesco QQQ by 283.7% in the second quarter. Wealth Group Ltd. now owns 24,629 shares of the exchange traded fund’s stock valued at $13,587,000 after purchasing an additional 18,210 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in Invesco QQQ by 1,057.3% in the second quarter. Invesco Ltd. now owns 33,063 shares of the exchange traded fund’s stock valued at $18,239,000 after purchasing an additional 30,206 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $713.61 on Friday. Invesco QQQ has a fifty-two week low of $549.58 and a fifty-two week high of $748.65. The business has a 50 day moving average price of $711.37 and a two-hundred day moving average price of $645.79.

Invesco QQQ Increases Dividend

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

Invesco QQQ News Roundup

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

• Positive Sentiment: The June jobs reports and related commentary point to softer hiring, which could reduce pressure on the Federal Reserve to stay hawkish and support growth stocks like QQQ’s heavy tech holdings. BLS Jobs Report: +57K, Half Expectations
• Positive Sentiment: Several articles argue that cooler labor-market data is already cooling rate-hike talk, which tends to help long-duration assets and growth ETFs such as QQQ. U.S. Rate Hike Talk Cools On Softer Jobs Data
• Positive Sentiment: Despite recent AI worries, some coverage says the semiconductor rotation and broader Nasdaq strength still look intact, which is supportive for QQQ’s top holdings. The Rotation Is Turning On Semiconductors
• Neutral Sentiment: Market commentary shows a split tape, with ETFs and U.S. equities mixed after midday and investors waiting for more clarity on growth and rates. Exchange-Traded Funds Fall, US Equities Mixed After Midday
• Neutral Sentiment: There is also a steady stream of cautious AI commentary, including warnings about a possible bubble and heavy capex, but other articles push back and say those concerns may be overstated. Michael Burry’s newest short reveals what really worries him about AI
• Negative Sentiment: Articles highlighting a sharp drop in the Magnificent 7’s market value and “AI bubble” fears could weigh on QQQ because the fund is heavily exposed to mega-cap tech. The Mag 7 Just Lost $2.3 Trillion in a Single Month. Here’s the AI Fear Behind It
• Negative Sentiment: One piece also warns that QQQ investors may be paying up for a fee structure that lags a cheaper sibling ETF, which is a longer-term headwind for fund flows. With the SpaceX IPO Reshaping the Nasdaq, Is QQQ Still a Smart Investment Right Now?

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.