Schear Investment Advisers LLC Decreases Holdings in Invesco QQQ $QQQ

Schear Investment Advisers LLC lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 66.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 687 shares of the exchange traded fund’s stock after selling 1,340 shares during the quarter. Schear Investment Advisers LLC’s holdings in Invesco QQQ were worth $397,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Bank of America Corp DE raised its stake in shares of Invesco QQQ by 381.0% in 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 holdings 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 worth $13,168,912,000 after buying an additional 20,852,432 shares during the period. Delta Global Management LP bought a new stake in Invesco QQQ during the 4th quarter valued at $821,084,000. Align Financial LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter worth $78,118,000. Finally, SG Americas Securities LLC boosted its holdings in shares of Invesco QQQ by 120.2% in the fourth quarter. SG Americas Securities LLC now owns 213,722 shares of the exchange traded fund’s stock worth $131,292,000 after acquiring an additional 1,270,102 shares during the period. Institutional investors own 44.58% of the company’s stock.

Key Headlines Impacting Invesco QQQ

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

• Positive Sentiment: SpaceX is joining the Nasdaq-100, which means QQQ — as a Nasdaq-100 ETF — will gain indirect exposure to the company and may see passive index-related buying as index funds add the new holding. Article Title
• Positive Sentiment: Multiple reports highlight that funds tracking the Nasdaq-100 must buy SpaceX, with investors viewing the addition as a fresh catalyst for the index and its ETF products. Article Title
• Neutral Sentiment: Market commentary shows retail sentiment around QQQ remains bullish, while broader futures action is mixed and tech stocks are reacting to Samsung-driven chip weakness. Article Title
• Negative Sentiment: Some articles warn that QQQ’s tech-heavy structure leaves it more volatile than broader index funds like VOO, which could limit enthusiasm among long-term investors if growth stocks cool. Article Title

Invesco QQQ Stock Down 2.0%

NASDAQ QQQ traded down $14.78 during trading hours on Tuesday, hitting $708.04. The company had a trading volume of 15,368,372 shares, compared to its average volume of 54,814,809. Invesco QQQ has a 52 week low of $551.10 and a 52 week high of $748.65. The firm has a 50 day simple moving average of $712.54 and a 200 day simple moving average of $646.51.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Monday, June 22nd will be given a dividend of $0.8135 per share. The ex-dividend date is Monday, June 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.73. This represents a $3.25 annualized dividend and a yield of 0.5%.

Invesco QQQ 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.