Invesco QQQ $QQQ Position Cut by Jackson Wealth Management LLC

Jackson Wealth Management LLC decreased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 93.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,412 shares of the exchange traded fund’s stock after selling 20,428 shares during the quarter. Jackson Wealth Management LLC’s holdings in Invesco QQQ were worth $1,040,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Bank of America Corp DE boosted its stake 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 in the last quarter. Corient Private Wealth LLC raised its position in Invesco QQQ by 3,567.7% in the fourth 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 in the last quarter. Delta Global Management LP acquired a new stake in Invesco QQQ in the 4th quarter valued at about $821,084,000. Align Financial LLC acquired a new stake in Invesco QQQ in the 4th quarter valued at about $78,118,000. Finally, Bank of Montreal Can boosted its position in shares of Invesco QQQ by 142.4% during the 4th quarter. Bank of Montreal Can now owns 1,431,050 shares of the exchange traded fund’s stock valued at $877,406,000 after purchasing an additional 840,803 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.0%

Shares of QQQ opened at $716.76 on Tuesday. The firm’s 50 day moving average is $711.11 and its 200-day moving average is $672.73. Invesco QQQ has a 12-month low of $555.60 and a 12-month high of $748.65.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 22nd were given a $0.8135 dividend. This represents a $3.25 annualized dividend 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 News Roundup

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

• Positive Sentiment: QQQ continues to attract investor interest as AI, semiconductor, and memory-chip themes drive significant inflows into technology-focused ETFs. The fund’s long-term performance and exposure to major Nasdaq-100 companies remain key bullish arguments. These 5 ETFs Have Raked in Cash This Year—What Do They All Have in Common?
• Positive Sentiment: Some market strategists expect technology stocks to rally in September and are adding software and chip exposure, which could support QQQ’s heavily weighted megacap technology holdings. Tech Rallies In September, I’m Adding Software And Chip Stocks
• Neutral Sentiment: QQQ’s strong historical returns and role in diversified portfolios continue to appeal to long-term investors, although past performance does not eliminate short-term volatility. If You’d Invested $1,000 in QQQ 20 Years Ago, Here’s What You’d Have Today
• Neutral Sentiment: Goldman Sachs’ move into the Nasdaq-100 high-income ETF space highlights demand for technology exposure with distributions. However, QQQ’s growth-oriented strategy differs from income-focused alternatives, which may attract some yield-seeking investors away from traditional QQQ. Goldman Sachs Is Buying Into High Income ETFs, but What Are Nasdaq Investors Giving Up for Those Payouts?
• Negative Sentiment: Reports that higher rates or a September Federal Reserve hike could pressure richly valued growth stocks are a significant headwind for QQQ. Rising bond yields reduce the appeal of long-duration technology earnings and could increase volatility. Forecast: Fed To Hike Interest Rates After Warsh’s Jackson Hole Talk
• Negative Sentiment: Broad U.S. equity ETFs moved lower during the session, while recent technology sell-offs renewed concerns that QQQ is concentrated in a relatively small group of expensive AI and semiconductor-related companies. Exchange-Traded Funds Lower as US Equities Fall After Midday

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.