Invesco QQQ $QQQ Stake Cut by Beacon Capital Management LLC

Key Points

• Beacon Capital Management cut its Invesco QQQ stake by 19.3% in the second quarter, selling 19,097 shares and retaining 79,780 shares valued at approximately $58.75 million. QQQ remains the firm’s second-largest holding, representing 8.6% of its portfolio.
• Institutional ownership remains significant, with hedge funds and other institutions holding 44.58% of QQQ; several investors, including Invesco Ltd. and Wealth Group, increased their positions during the quarter.
• QQQ opened at $709.24, near its $710.98 50-day moving average, while its quarterly dividend rose to $0.8135 per share, equivalent to an annualized yield of approximately 0.5%. Positive ETF flows and technology demand support the fund, though higher yields, AI-bubble concerns and geopolitical uncertainty present risks.

Beacon Capital Management LLC lowered its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 19.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 79,780 shares of the exchange traded fund's stock after selling 19,097 shares during the quarter. Invesco QQQ makes up 8.6% of Beacon Capital Management LLC's investment portfolio, making the stock its 2nd largest position. Beacon Capital Management LLC's holdings in Invesco QQQ were worth $58,750,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC increased its position in shares of Invesco QQQ by 15.0% in the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock worth $19,605,000 after purchasing an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in Invesco QQQ by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock valued at $2,687,000 after purchasing an additional 176 shares in the last quarter. Jupiter Wealth Management LLC bought a new stake in Invesco QQQ during the second quarter valued at approximately $290,000. Wealth Group Ltd. lifted its position in Invesco QQQ by 283.7% during the second quarter. Wealth Group Ltd. now owns 24,629 shares of the exchange traded fund's stock valued at $13,587,000 after purchasing an additional 18,210 shares during the last quarter. Finally, Invesco Ltd. grew its stake in Invesco QQQ by 1,057.3% in the 2nd quarter. Invesco Ltd. now owns 33,063 shares of the exchange traded fund's stock worth $18,239,000 after buying an additional 30,206 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Invesco QQQ

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

• Positive Sentiment: U.S. equities advanced during Wednesday’s session, providing a favorable backdrop for QQQ and other broad equity ETFs. Exchange-Traded Funds Rise as US Equities Advance After Midday
• Positive Sentiment: TipRanks’ AI Analyst rated QQQ Outperform and identified at least 15% potential upside, reinforcing the bullish case for large-cap technology stocks. 3 ETFs to Buy with At Least 15% Upside Potential, According to the AI Analyst
• Positive Sentiment: August ETF flows showed strong demand for Nasdaq-100, S&P 500 and technology-focused funds, indicating continued capital inflows that can support QQQ’s underlying holdings. ETF Asset Flow of August: S&P 500 Tops
• Neutral Sentiment: A comparison found the covered-call ETF TDAQ slightly ahead of QQQ since its launch, but the article emphasized that QQQ is likely to outperform over longer periods, highlighting the trade-off between income and growth.
• Negative Sentiment: Reports of AI infrastructure delays, elevated bond yields and concerns about an AI bubble could pressure QQQ’s high-growth technology constituents.
• Negative Sentiment: Escalating U.S.-Iran tensions and uncertainty over monetary policy are increasing market volatility and may limit investor appetite for richly valued technology stocks. Exchange-Traded Funds, Equity Futures Mixed Pre-Bell Wednesday Amid Escalating US-Iran Tensions

Invesco QQQ Price Performance

QQQ stock opened at $709.24 on Thursday. The firm has a 50 day simple moving average of $710.98 and a two-hundred day simple moving average of $674.17. Invesco QQQ has a one year low of $555.60 and a one year high of $748.65.

Invesco QQQ Increases Dividend

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

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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