Jmac Enterprises LLC Sells 4,129 Shares of Invesco QQQ $QQQ

Key Points

• Jmac Enterprises LLC reduced its Invesco QQQ stake by 8.3% in the second quarter, selling 4,129 shares and retaining 45,564 shares valued at approximately $33.6 million. QQQ remains its third-largest holding and represents 5.7% of its portfolio.
• Institutional ownership remains significant at 44.58%, with several major investors—including Bank of America and Corient Private Wealth—substantially increasing their QQQ positions.
• QQQ recently traded near $713, below its 52-week high of $748.65, while its quarterly dividend rose to $0.8135 per share. Positive equity-market momentum supports the fund, but elevated yields, hawkish Federal Reserve signals and credit-market risks could pressure its technology-heavy holdings.

Jmac Enterprises LLC lowered its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 8.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 45,564 shares of the exchange traded fund's stock after selling 4,129 shares during the quarter. Invesco QQQ comprises approximately 5.7% of Jmac Enterprises LLC's investment portfolio, making the stock its 3rd biggest holding. Jmac Enterprises LLC's holdings in Invesco QQQ were worth $33,554,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Bank of America Corp DE raised its holdings in shares of Invesco QQQ by 381.0% during the fourth quarter. Bank of America Corp DE now owns 19,547,552 shares of the exchange traded fund's stock worth $12,008,257,000 after acquiring an additional 26,505,055 shares during the period. Corient Private Wealth LLC lifted its position in Invesco QQQ by 3,567.7% in the 4th 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 in the last quarter. Delta Global Management LP acquired a new position in Invesco QQQ in the 4th quarter worth $821,084,000. Align Financial LLC acquired a new position in Invesco QQQ in the 4th quarter worth $78,118,000. Finally, Bank of Montreal Can increased its holdings in Invesco QQQ by 142.4% during the 4th quarter. Bank of Montreal Can now owns 1,431,050 shares of the exchange traded fund's stock worth $877,406,000 after purchasing an additional 840,803 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Key Invesco QQQ News

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

• Positive Sentiment: U.S. equities and exchange-traded funds advanced after midday, providing a favorable backdrop for QQQ’s Nasdaq-100 holdings. Exchange-Traded Funds Rise as US Equities Advance After Midday
• Positive Sentiment: An analysis describing a relatively inexpensive way to own artificial-intelligence exposure may reinforce demand for established technology companies represented heavily in QQQ. The Boring Way To Own AI Is Now The Cheap Way
• Positive Sentiment: Technical market commentary identified key support and resistance levels for QQQ and major holdings including Apple, Microsoft, Nvidia, Alphabet, Meta and Tesla, potentially encouraging dip-buying if support holds. How To Trade SPY, QQQ And 6 Mega Caps
• Neutral Sentiment: Market coverage said stocks were attempting to rebound while yields moved higher, leaving QQQ caught between improving risk appetite and pressure from higher borrowing costs. Markets Try To Bounce Back As Yields Head Higher
• Neutral Sentiment: Debate over Treasury policy, inflation, monetary support and U.S. market leadership is adding uncertainty to the interest-rate outlook, an important driver of growth-stock valuations. War, Inflation, And The Battle For Market Leadership
• Negative Sentiment: Credit-market risks may be underappreciated by AI-focused stocks, raising concerns about concentrated valuations and potential volatility among QQQ’s technology holdings. AI Stocks May Be Ignoring A Growing Risk Seen In Credit Markets
• Negative Sentiment: A hawkish interpretation of Federal Reserve minutes and the recent bond selloff could keep interest rates elevated, which generally weighs on high-growth technology stocks. Fed Minutes Lean Hawkish, But We Don't Expect A Hike

Invesco QQQ Price Performance

QQQ opened at $713.44 on Monday. The business's 50-day moving average price is $713.76 and its two-hundred day moving average price is $668.31. Invesco QQQ has a 1 year low of $555.60 and a 1 year high of $748.65.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders 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. This represents a $3.25 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, June 22nd.

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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