Sound Income Strategies LLC Has $7.89 Million Position in Invesco QQQ $QQQ

Sound Income Strategies LLC lowered its holdings in Invesco QQQ (NASDAQ:QQQ) by 7.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,498 shares of the exchange traded fund’s stock after selling 1,035 shares during the period. Sound Income Strategies LLC’s holdings in Invesco QQQ were worth $7,887,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Bank of America Corp DE raised its position in Invesco QQQ by 381.0% during the fourth quarter. Bank of America Corp DE now owns 19,547,552 shares of the exchange traded fund’s stock valued at $12,008,257,000 after buying an additional 26,505,055 shares during the period. Corient Private Wealth LLC boosted its position in Invesco QQQ by 3,567.7% during the 4th quarter. Corient Private Wealth LLC now owns 21,436,917 shares of the exchange traded fund’s stock worth $13,168,912,000 after acquiring an additional 20,852,432 shares during the period. Delta Global Management LP acquired a new stake in Invesco QQQ during the 4th quarter worth about $821,084,000. Align Financial LLC purchased a new position in Invesco QQQ during the 4th quarter valued at about $78,118,000. Finally, SG Americas Securities LLC increased its holdings in shares of Invesco QQQ by 120.2% in the 4th quarter. SG Americas Securities LLC now owns 213,722 shares of the exchange traded fund’s stock valued at $131,292,000 after purchasing an additional 1,270,102 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Key Stories Impacting Invesco QQQ

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?

Invesco QQQ Price Performance

NASDAQ QQQ opened at $713.61 on Friday. The company has a 50 day simple moving average of $711.37 and a 200-day simple moving average of $645.79. Invesco QQQ has a 52-week low of $549.58 and a 52-week high of $748.65.

Invesco QQQ Increases Dividend

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

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.