Becker Capital Management Inc. Sells 2,544 Shares of Invesco QQQ $QQQ

Key Points

• Becker Capital Management reduced its Invesco QQQ position by 34.4% in the second quarter, selling 2,544 shares and retaining 4,847 shares valued at approximately $3.57 million.
• Invesco QQQ was trading at $716.43, near its 52-week high of $748.65, while institutional investors owned 44.58% of the ETF.
• The ETF increased its quarterly dividend to $0.8135 per share, equivalent to an annualized dividend of $3.25 and a 0.5% yield; AI-related growth and Nvidia strength supported sentiment, though inflation and interest-rate uncertainty remain risks.

Becker Capital Management Inc. decreased its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 34.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,847 shares of the exchange traded fund's stock after selling 2,544 shares during the quarter. Becker Capital Management Inc.'s holdings in Invesco QQQ were worth $3,573,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Flatrock Wealth Partners LLC acquired a new stake in Invesco QQQ during the first quarter valued at approximately $924,000. Hegarty Advisors LLC bought a new position in shares of Invesco QQQ during the 1st quarter worth approximately $2,212,000. Ascension Capital Advisors Inc. boosted its stake in Invesco QQQ by 643.8% in the 1st quarter. Ascension Capital Advisors Inc. now owns 3,094 shares of the exchange traded fund's stock valued at $1,786,000 after buying an additional 2,678 shares in the last quarter. Asset Allocation Strategies LLC acquired a new stake in Invesco QQQ in the 1st quarter valued at $18,142,000. Finally, Mariner LLC grew its position in Invesco QQQ by 2.6% in the fourth quarter. Mariner LLC now owns 1,084,500 shares of the exchange traded fund's stock valued at $666,226,000 after acquiring an additional 27,560 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Down 0.6%

Invesco QQQ stock opened at $716.43 on Friday. The stock has a fifty day moving average price of $711.53 and a two-hundred day moving average price of $671.59. Invesco QQQ has a 52-week low of $555.60 and a 52-week high of $748.65.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 22nd were given a dividend of $0.8135 per share. This is an increase 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 dividend yield of 0.5%.

Invesco QQQ News Summary

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

• Positive Sentiment: Nvidia’s robust results support QQQ: Strong results from Nvidia helped lift the Nasdaq-100 and S&P 500, reinforcing investor confidence in AI-related growth stocks that represent a significant portion of QQQ. Nvidia's Robust Results Power Nasdaq, S&P 500 Index
• Positive Sentiment: AI productivity optimism remains a tailwind: Commentary that artificial intelligence could improve productivity and is helping support the U.S. economy favors QQQ’s large technology and semiconductor holdings. I'm Still Betting On AI Productivity
• Positive Sentiment: QQQ was highlighted as an investment idea: Zacks featured QQQ alongside Nvidia and several AI, data-center and cryptocurrency-related companies, keeping attention focused on the ETF’s growth-oriented exposure. Zacks Investment Ideas feature highlights
• Neutral Sentiment: Technical conditions remain constructive but selective: An analysis of SPY and QQQ described market conditions as stable enough for selective leverage, while emphasizing disciplined entry and exit rules. This supports sentiment but is not a direct fundamental catalyst. SPY And QQQ: Stable Still Supports Selective Leverage
• Negative Sentiment: Broad-market weakness is pressuring the ETF: Exchange-traded funds and U.S. equities were mixed to lower in afternoon trading, indicating that the broader risk-off tone is weighing on QQQ despite its technology exposure. Exchange-Traded Funds Fall, US Equities Mixed After Midday
• Negative Sentiment: Inflation and Federal Reserve uncertainty remain risks: Core PCE inflation held at 3.3% in July, while commentary warned that stalled disinflation leaves the Fed with less room for error. Higher-for-longer rates could weigh disproportionately on QQQ’s high-growth constituents. Core PCE Inflation At 3.3% In July

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.

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