Pilgrim Partners Asia Pte Ltd Sells 6,950 Shares of Invesco QQQ $QQQ

Pilgrim Partners Asia Pte Ltd reduced its position in shares of Invesco QQQ (NASDAQ:QQQ) by 11.3% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 54,650 shares of the exchange traded fund’s stock after selling 6,950 shares during the period. Invesco QQQ makes up about 17.2% of Pilgrim Partners Asia Pte Ltd’s portfolio, making the stock its 2nd biggest holding. Pilgrim Partners Asia Pte Ltd’s holdings in Invesco QQQ were worth $40,244,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of America Corp DE boosted its holdings in Invesco QQQ by 381.0% during the 4th 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 acquiring an additional 26,505,055 shares during the period. Corient Private Wealth LLC grew its position in Invesco QQQ by 3,567.7% in the 4th quarter. Corient Private Wealth LLC now owns 21,436,917 shares of the exchange traded fund’s stock valued at $13,168,912,000 after acquiring an additional 20,852,432 shares in the last quarter. Delta Global Management LP purchased a new stake in Invesco QQQ during the fourth quarter worth about $821,084,000. Align Financial LLC acquired a new stake in shares of Invesco QQQ during the fourth quarter worth about $78,118,000. Finally, Bank of Montreal Can lifted its position in shares of Invesco QQQ by 142.4% during the fourth quarter. Bank of Montreal Can now owns 1,431,050 shares of the exchange traded fund’s stock worth $877,406,000 after purchasing an additional 840,803 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Key Invesco QQQ News

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 Price Performance

NASDAQ QQQ opened at $710.72 on Wednesday. The firm has a 50 day simple moving average of $712.63 and a 200-day simple moving average of $669.68. Invesco QQQ has a one year low of $555.60 and a one year high of $748.65.

Invesco QQQ Increases Dividend

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

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.