Greenwood Capital Associates LLC Sells 1,028 Shares of Invesco QQQ $QQQ

Greenwood Capital Associates LLC reduced its holdings in Invesco QQQ (NASDAQ:QQQ) by 12.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,355 shares of the exchange traded fund’s stock after selling 1,028 shares during the period. Greenwood Capital Associates LLC’s holdings in Invesco QQQ were worth $5,416,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in QQQ. University of Texas Texas AM Investment Management Co. bought a new position in shares of Invesco QQQ in the 4th quarter valued at about $25,000. Shcp LLC purchased a new stake in Invesco QQQ during the third quarter valued at approximately $27,000. Annis Gardner Whiting Capital Advisors LLC raised its position in Invesco QQQ by 2,150.0% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock valued at $28,000 after purchasing an additional 43 shares during the period. Parvin Asset Management LLC bought a new stake in shares of Invesco QQQ in the 1st quarter valued at approximately $28,000. Finally, High Point Wealth Management LLC lifted its stake in shares of Invesco QQQ by 68.0% in the 2nd quarter. High Point Wealth Management LLC now owns 42 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 17 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ News Roundup

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

• Positive Sentiment: Nvidia’s robust results support QQQ: Strong results from Nvidia helped lift the Nasdaq-100 and S&P 500, reinforcing investor confidence in AI-related growth stocks that represent a significant portion of QQQ. Nvidia’s Robust Results Power Nasdaq, S&P 500 Index
• Positive Sentiment: AI productivity optimism remains a tailwind: Commentary that artificial intelligence could improve productivity and is helping support the U.S. economy favors QQQ’s large technology and semiconductor holdings. I’m Still Betting On AI Productivity
• Positive Sentiment: QQQ was highlighted as an investment idea: Zacks featured QQQ alongside Nvidia and several AI, data-center and cryptocurrency-related companies, keeping attention focused on the ETF’s growth-oriented exposure. Zacks Investment Ideas feature highlights
• Neutral Sentiment: Technical conditions remain constructive but selective: An analysis of SPY and QQQ described market conditions as stable enough for selective leverage, while emphasizing disciplined entry and exit rules. This supports sentiment but is not a direct fundamental catalyst. SPY And QQQ: Stable Still Supports Selective Leverage
• Negative Sentiment: Broad-market weakness is pressuring the ETF: Exchange-traded funds and U.S. equities were mixed to lower in afternoon trading, indicating that the broader risk-off tone is weighing on QQQ despite its technology exposure. Exchange-Traded Funds Fall, US Equities Mixed After Midday
• Negative Sentiment: Inflation and Federal Reserve uncertainty remain risks: Core PCE inflation held at 3.3% in July, while commentary warned that stalled disinflation leaves the Fed with less room for error. Higher-for-longer rates could weigh disproportionately on QQQ’s high-growth constituents. Core PCE Inflation At 3.3% In July

Invesco QQQ Trading Down 0.6%

Shares of Invesco QQQ stock opened at $716.43 on Friday. The stock has a 50 day moving average price of $711.53 and a 200-day moving average price of $671.59. Invesco QQQ has a one year low of $555.60 and a one year high of $748.65.

Invesco QQQ Increases Dividend

The company also recently disclosed 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 represents a $3.25 dividend on an annualized basis and a yield of 0.5%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.73. The ex-dividend date was Monday, June 22nd.

Invesco QQQ Company 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.