Invesco QQQ $QQQ Shares Sold by Fortis Group Advisors LLC

Key Points

• Fortis Group Advisors reduced its QQQ position by 10.5% in the second quarter, selling 4,184 shares and retaining 35,813 shares valued at approximately $26.4 million. QQQ remains the firm’s fourth-largest holding, representing 4.2% of its portfolio.
• QQQ traded around $710.93, down 0.7%, amid pressure from elevated Treasury yields, hawkish Federal Reserve expectations, and declining U.S. equities. Ongoing AI investment and technology earnings potential could provide support, but valuation and interest-rate risks remain.
• Invesco QQQ increased its quarterly dividend to $0.8135 per share, equivalent to an annualized $3.25 dividend and a 0.5% yield.

Fortis Group Advisors LLC reduced its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 10.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,813 shares of the exchange traded fund's stock after selling 4,184 shares during the period. Invesco QQQ comprises 4.2% of Fortis Group Advisors LLC's holdings, making the stock its 4th largest position. Fortis Group Advisors LLC's holdings in Invesco QQQ were worth $26,372,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Invesco QQQ during the 4th quarter valued at approximately $25,000. High Point Wealth Management LLC increased its holdings in Invesco QQQ by 68.0% in the 2nd quarter. High Point Wealth Management LLC now owns 42 shares of the exchange traded fund's stock worth $31,000 after acquiring an additional 17 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its position in Invesco QQQ by 2,150.0% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund's stock worth $28,000 after acquiring an additional 43 shares during the period. Shcp LLC acquired a new position in Invesco QQQ during the third quarter worth $27,000. Finally, Rachor Investment Advisory Services LLC purchased a new position in Invesco QQQ during the fourth quarter valued at $29,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Key Invesco QQQ News

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

• Positive Sentiment: Investors continue to focus on artificial intelligence as a potential contributor to U.S. economic growth. Continued AI-related capital spending could support the earnings outlook for several large Nasdaq-100 constituents, including major semiconductor and cloud companies. How Much Is AI Contributing To U.S. Economic Growth?
• Positive Sentiment: QQQ had shown some recovery after an earlier selloff, indicating that investors were still willing to buy technology stocks on weakness. However, the rebound has not overcome broader rate and valuation concerns. QQQ ETF – Invesco QQQ Trust Trends Higher after Tuesday’s Slump
• Neutral Sentiment: Goldman Sachs agreed to acquire NEOS Investments, the issuer of the Nasdaq-100 High Income ETF. The transaction does not directly change QQQ’s holdings, but it highlights continued institutional demand for products tied to the Nasdaq-100 ecosystem. Goldman Sachs Just Paid $2.25 Billion for the Family Behind Your 14% Income Fund
• Negative Sentiment: Broad exchange-traded funds and U.S. equities declined during the session, creating direct selling pressure for QQQ and its large-cap technology holdings. Exchange-Traded Funds Fall as US Equities Decline After Midday
• Negative Sentiment: The 30-year Treasury yield reached its highest level since 2007 amid deficit and AI-spending concerns. Higher long-term yields reduce the relative appeal of high-valuation growth stocks and increase the discount rate applied to future technology earnings. 30-Year Treasury Yield Hits Highest Level Since 2007 as AI Spending and Deficits Collide
• Negative Sentiment: Federal Reserve meeting minutes were viewed as somewhat hawkish, reducing expectations for near-term monetary easing. The resulting pressure on interest-rate-sensitive stocks is particularly relevant for QQQ. Fed Minutes Lean Hawkish, But We Don't Expect A Hike
• Negative Sentiment: Technical commentary noted that QQQ “gamma flipped,” potentially forcing market makers to sell as prices declined and amplifying short-term volatility. QQQ just gamma flipped

Invesco QQQ Trading Down 0.7%

Shares of NASDAQ QQQ opened at $710.93 on Friday. The company's 50-day simple moving average is $713.92 and its 200-day simple moving average is $667.70. Invesco QQQ has a 52-week low of $555.60 and a 52-week high of $748.65.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 22nd were paid a $0.8135 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $3.25 dividend on an annualized basis and a yield of 0.5%. This is a boost from Invesco QQQ's previous quarterly dividend of $0.73.

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.

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ - Free Report).

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