Invesco QQQ $QQQ Stake Cut by IPG Investment Advisors LLC

IPG Investment Advisors LLC lessened its holdings in Invesco QQQ (NASDAQ:QQQ) by 6.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,712 shares of the exchange traded fund’s stock after selling 1,190 shares during the quarter. Invesco QQQ makes up about 1.9% of IPG Investment Advisors LLC’s investment portfolio, making the stock its 11th largest holding. IPG Investment Advisors LLC’s holdings in Invesco QQQ were worth $13,044,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in QQQ. MCF Advisors LLC grew its position in shares of Invesco QQQ by 94.2% during the 2nd quarter. MCF Advisors LLC now owns 18,979 shares of the exchange traded fund’s stock valued at $13,987,000 after buying an additional 9,208 shares during the last quarter. Bienville Capital Management LLC boosted its stake in Invesco QQQ by 222.2% in the second quarter. Bienville Capital Management LLC now owns 5,252 shares of the exchange traded fund’s stock valued at $3,872,000 after acquiring an additional 3,622 shares during the period. Lotus Asset Management LLC acquired a new position in Invesco QQQ in the second quarter valued at approximately $1,004,000. Capital Analysts LLC grew its holdings in shares of Invesco QQQ by 9.1% during the second quarter. Capital Analysts LLC now owns 9,390 shares of the exchange traded fund’s stock valued at $6,915,000 after purchasing an additional 781 shares during the last quarter. Finally, Summit Financial Strategies Inc. grew its holdings in shares of Invesco QQQ by 2.8% during the second quarter. Summit Financial Strategies Inc. now owns 1,207 shares of the exchange traded fund’s stock valued at $889,000 after purchasing an additional 33 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.3%

Shares of Invesco QQQ stock opened at $716.31 on Thursday. Invesco QQQ has a twelve month low of $555.60 and a twelve month high of $748.65. The business’s 50 day simple moving average is $710.61 and its 200-day simple moving average is $678.22.

Invesco QQQ Increases Dividend

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

Trending Headlines about Invesco QQQ

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

• Positive Sentiment: Some market commentary remains supportive of growth stocks, arguing that the Federal Reserve is unlikely to raise interest rates and that investors could continue to “ride the bull.” Lower or stable rates generally benefit QQQ’s rate-sensitive technology holdings. There Will Be No Fed Rate Hikes
• Positive Sentiment: Invesco QQQ is sponsoring the Atlanta Food & Wine Festival for a 16th year. The event provides brand visibility for Invesco, although it is unlikely to materially affect QQQ’s net asset value or near-term trading. Atlanta Food & Wine Festival Presented by Invesco QQQ
• Neutral Sentiment: Articles comparing QQQ with leveraged ETF TQQQ explain that daily-reset mechanics, volatility drag and financing costs prevent TQQQ from delivering three times QQQ’s longer-term return. The analysis does not change QQQ’s holdings but highlights the fund’s role as the unleveraged Nasdaq-100 benchmark. TQQQ Gained 59.18% While QQQ Gained 24.99%
• Negative Sentiment: Broad-market ETFs declined after midday amid higher oil prices and concerns about inflation, employment and elevated valuations. These pressures are unfavorable for QQQ’s concentrated growth-stock exposure. Exchange-Traded Funds, US Equities Fall After Midday
• Negative Sentiment: Investors are again highlighting that QQQ’s expense ratio is higher than that of comparable Invesco QQQM, which tracks the same Nasdaq-100 Index. That fee gap may encourage long-term investors to favor QQQM, although QQQ retains advantages for liquidity and trading activity. QQQ vs QQQM

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.