Cordoba Advisory Partners LLC Sells 14,209 Shares of Invesco QQQ $QQQ

Key Points

• Cordoba Advisory Partners cut its Invesco QQQ stake by 48.6% in the second quarter, selling 14,209 shares and retaining 15,025 shares worth approximately $11.1 million.
• QQQ was trading at $731.07, near its 52-week high of $748.65, while its quarterly dividend increased to $0.8135 per share, implying an annualized yield of about 0.4%.
• Institutional investors own 44.58% of QQQ. Cooling inflation and lower rate-hike expectations support growth stocks, but elevated valuations, geopolitical risks and bearish positioning could increase volatility.

Cordoba Advisory Partners LLC decreased its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 48.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 15,025 shares of the exchange traded fund's stock after selling 14,209 shares during the period. Invesco QQQ makes up about 2.3% of Cordoba Advisory Partners LLC's portfolio, making the stock its 11th biggest position. Cordoba Advisory Partners LLC's holdings in Invesco QQQ were worth $11,068,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Corient Private Wealth LLC grew 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 valued at $13,168,912,000 after acquiring an additional 20,852,432 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Invesco QQQ by 381.0% in 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 purchasing an additional 26,505,055 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Invesco QQQ by 11.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,547,591 shares of the exchange traded fund's stock valued at $2,179,321,000 after purchasing an additional 375,581 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in Invesco QQQ by 21.4% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,025,000 shares of the exchange traded fund's stock worth $1,858,288,000 after purchasing an additional 534,000 shares in the last quarter. Finally, Bank of Montreal Can lifted its stake in Invesco QQQ by 142.4% in 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 during the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Down 0.1%

NASDAQ QQQ opened at $731.07 on Friday. The firm's fifty day moving average price is $713.13 and its two-hundred day moving average price is $664.89. Invesco QQQ has a fifty-two week low of $555.60 and a fifty-two week high of $748.65.

Invesco QQQ Increases Dividend

The company also recently disclosed 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. The ex-dividend date was Monday, June 22nd. This represents a $3.25 dividend on an annualized basis and a yield of 0.4%. This is an increase from Invesco QQQ's previous quarterly dividend of $0.73.

Key Stories Impacting Invesco QQQ

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

• Positive Sentiment: Cooling inflation and weaker labor-market data have reduced expectations for additional Federal Reserve rate hikes. Lower-rate expectations generally support QQQ’s technology and other growth-oriented holdings by improving the outlook for future earnings valuations. However, geopolitical risks around the Strait of Hormuz could keep oil prices and inflation volatile. Cooling Inflation Likely to Aid These ETF Areas
• Positive Sentiment: Exchange-traded funds were broadly higher before Friday’s opening, with investors awaiting retail-sales data. A constructive broader-market tone provided some support for QQQ, although mixed equity futures limited the follow-through. Exchange-Traded Funds Higher, Equity Futures Mixed Pre-Bell Friday Amid Retail Sales Data
• Positive Sentiment: Potential large technology IPOs, including Anthropic, could add another high-profile growth company to the Nasdaq ecosystem and potentially reinforce investor interest in technology-focused funds. Any direct benefit to QQQ would depend on the company’s eventual listing and index eligibility. Millions of 401(k) Holders Could Be Forced to Buy Anthropic Stock
• Neutral Sentiment: Investor sentiment is mixed: cooling inflation supports equities, but a historically elevated CAPE ratio and concerns about credit-market stress suggest that QQQ’s strong rally has left it vulnerable to volatility and profit-taking. What An All-Time High CAPE Ratio Implies for Investors
• Negative Sentiment: Investor Michael Burry has increased his bearish position against the QQQ ETF despite losses. The trade does not change the fund’s holdings, but it highlights skepticism about elevated technology valuations and may weigh on sentiment. Michael Burry Ramped Up His Bets Against Micron and the QQQ ETF

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.

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