Integrated Advisors Network LLC Sells 8,915 Shares of Invesco QQQ $QQQ

by · The Markets Daily

Integrated Advisors Network LLC trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 15.7% during the first quarter, Holdings Channel.com reports. The fund owned 47,919 shares of the exchange traded fund’s stock after selling 8,915 shares during the quarter. Invesco QQQ accounts for about 1.5% of Integrated Advisors Network LLC’s holdings, making the stock its 8th biggest position. Integrated Advisors Network LLC’s holdings in Invesco QQQ were worth $27,658,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of QQQ. Carrera Capital Advisors lifted its holdings in shares of Invesco QQQ by 99.3% during the 4th quarter. Carrera Capital Advisors now owns 2,316 shares of the exchange traded fund’s stock worth $1,423,000 after acquiring an additional 1,154 shares during the period. Sovran Advisors LLC increased its stake in Invesco QQQ by 8.0% in the fourth quarter. Sovran Advisors LLC now owns 18,032 shares of the exchange traded fund’s stock valued at $11,212,000 after acquiring an additional 1,340 shares during the last quarter. Corepath Wealth Partners LLC raised its position in Invesco QQQ by 19.7% during the fourth quarter. Corepath Wealth Partners LLC now owns 8,723 shares of the exchange traded fund’s stock valued at $5,471,000 after purchasing an additional 1,436 shares in the last quarter. Cane Capital Partners LLC bought a new position in Invesco QQQ in the fourth quarter valued at about $715,000. Finally, Asset Allocation Strategies LLC bought a new stake in Invesco QQQ in the first quarter valued at approximately $18,142,000. Institutional investors and hedge funds 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: 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 Performance

NASDAQ:QQQ opened at $713.41 on Tuesday. Invesco QQQ has a 12 month low of $551.10 and a 12 month high of $748.65. The firm has a fifty day simple moving average of $712.54 and a two-hundred day simple moving average of $646.51.

Invesco QQQ Increases Dividend

The business also recently declared 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 an increase 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

(Free Report)

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.

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