Invesco QQQ $QQQ Stake Trimmed by Scott Capital Advisors LLC

Key Points

• Scott Capital Advisors reduced its Invesco QQQ stake by 4.5% in the second quarter, selling 2,177 shares and retaining 45,828 shares worth approximately $33.7 million. QQQ remains 5.3% of the firm’s portfolio and its seventh-largest holding.
• Institutional ownership remains significant at 44.58%, with several other investment firms increasing their positions during the quarter, including Perkins Coie Trust Co., which boosted its stake by 327.8%.
• QQQ recently increased its quarterly dividend to $0.8135, equating to a 0.5% annualized yield. The ETF opened at $720.87, compared with a 12-month range of $555.60 to $748.65.

Scott Capital Advisors LLC cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,828 shares of the exchange traded fund's stock after selling 2,177 shares during the quarter. Invesco QQQ accounts for 5.3% of Scott Capital Advisors LLC's investment portfolio, making the stock its 7th largest position. Scott Capital Advisors LLC's holdings in Invesco QQQ were worth $33,747,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Spinnaker Investment Group LLC purchased a new position in Invesco QQQ in the 2nd quarter valued at approximately $222,000. Highland Financial Advisors LLC increased its position in shares of Invesco QQQ by 52.1% during the second quarter. Highland Financial Advisors LLC now owns 902 shares of the exchange traded fund's stock worth $664,000 after acquiring an additional 309 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in shares of Invesco QQQ by 1.2% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 8,544 shares of the exchange traded fund's stock valued at $6,292,000 after acquiring an additional 98 shares in the last quarter. Community Financial Services Group LLC raised its stake in shares of Invesco QQQ by 13.3% in the second quarter. Community Financial Services Group LLC now owns 1,266 shares of the exchange traded fund's stock valued at $918,000 after acquiring an additional 149 shares in the last quarter. Finally, Perkins Coie Trust Co boosted its holdings in Invesco QQQ by 327.8% in the second quarter. Perkins Coie Trust Co now owns 1,279 shares of the exchange traded fund's stock valued at $942,000 after purchasing an additional 980 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

More Invesco QQQ News

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

• Positive Sentiment: QQQ attracted approximately $10.2 billion in inflows last week, making it the leading recipient among U.S.-listed ETFs. The shift into QQQ came as investors took profits from semiconductor funds, signaling continued preference for diversified large-cap technology exposure. Semiconductor ETFs See Profit-Taking as Investors Pile Into QQQ
• Positive Sentiment: Market breadth within the Nasdaq-100 improved to its strongest level in more than a year, with about 70% of QQQ holdings trading above their 200-day moving averages. Broad participation can make the technology-led rally more durable than a narrow advance concentrated in a few mega-cap stocks. Nasdaq 100 Breadth Hits Its Strongest Level in Over a Year
• Positive Sentiment: Analysts cited historical momentum, potentially easier Federal Reserve policy and earnings strength from market leaders as reasons the broader technology market could move higher, providing a favorable backdrop for QQQ. Why Momentum, Fed Liquidity, & Tech Beats Signal More Upside
• Neutral Sentiment: Commentary on Nasdaq investing identifies continued technology leadership and earnings as potential catalysts, but also highlights interest-rate, valuation and concentration risks for QQQ investors. A Guide to Nasdaq ETF Investing
• Negative Sentiment: QQQ charges roughly 0.20% annually, versus about 0.15% for the nearly identical QQQM fund. The fee gap could encourage cost-sensitive investors to favor QQQM, creating a competitive disadvantage for QQQ over time. Same 100 Stocks, Different Price
• Negative Sentiment: Potentially higher inflation and interest rates could pressure high-growth technology valuations, while other market commentary warns that stocks may have already advanced too quickly. These risks could explain why QQQ has recently traded lower despite strong fund flows. The July CPI Report May Reveal Why Rates Are Headed Even Higher

Invesco QQQ Price Performance

QQQ opened at $720.87 on Tuesday. Invesco QQQ has a 12 month low of $555.60 and a 12 month high of $748.65. The business has a fifty day moving average price of $713.75 and a 200 day moving average price of $662.21.

Invesco QQQ Increases Dividend

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

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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