Members Advisory Group LLC Sells 7,369 Shares of Invesco QQQ $QQQ

Key Points

• Members Advisory Group LLC reduced its QQQ stake by 88.1%, selling 7,369 shares and retaining 994 shares valued at approximately $735,000.
• Other institutional investors made sizable purchases, including Bank of America and Corient Private Wealth; institutional investors collectively own 44.58% of QQQ.
• QQQ traded near $718.96, close to its 52-week high, while its quarterly dividend increased to $0.8135, or approximately $3.25 annually. Potential headwinds include higher interest rates, rising Treasury yields, and concerns over AI-related profit margins.

Members Advisory Group LLC cut its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 88.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 994 shares of the exchange traded fund's stock after selling 7,369 shares during the quarter. Invesco QQQ makes up 0.2% of Members Advisory Group LLC's portfolio, making the stock its 28th largest holding. Members Advisory Group LLC's holdings in Invesco QQQ were worth $735,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in QQQ. Bank of America Corp DE boosted its position in Invesco QQQ by 381.0% in the fourth 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 buying an additional 26,505,055 shares in the last quarter. Corient Private Wealth LLC increased its holdings in Invesco QQQ by 3,567.7% during 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 purchasing an additional 20,852,432 shares in the last quarter. Delta Global Management LP acquired a new stake in Invesco QQQ during the 4th quarter valued at $821,084,000. Align Financial LLC bought a new position in Invesco QQQ in the 4th quarter valued at $78,118,000. Finally, Bank of Montreal Can boosted its stake in Invesco QQQ by 142.4% in the fourth 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 own 44.58% of the company's stock.

Invesco QQQ News Summary

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

• Positive Sentiment: QQQ benefited from relative strength in the Nasdaq-100, while investor sentiment toward QQQ turned bullish ahead of the latest labor-market data. QQQ ETF edges higher as Nasdaq-100 outperforms
• Positive Sentiment: The August jobs report reportedly exceeded expectations, easing immediate concerns about a weakening labor market and supporting the “soft landing” or “Goldilocks” case for equities. That backdrop can help growth-focused technology stocks held by QQQ. Exchange-Traded Funds Higher, Equity Futures Mixed Pre-Bell Friday After August Jobs Report Tops Estimates
• Positive Sentiment: Analysts highlighted broad second-quarter earnings strength and a possible new capital-formation cycle, both of which could support continued demand for large-cap technology and artificial-intelligence companies represented in the Nasdaq-100. Second Quarter Earnings Show Breadth
• Neutral Sentiment: Trading was mixed across major ETFs, with some broad-market funds advancing and others declining. This suggests QQQ’s gains were driven more by Nasdaq-100 leadership than by a uniformly strong market. Exchange-Traded Funds Mixed, US Equities Lower After Midday
• Negative Sentiment: Investors are also weighing the possibility that resilient hiring and a separate report describing hot August inflation could delay rate cuts or even prompt a Federal Reserve hike. Higher interest rates generally pressure the long-duration growth stocks that dominate QQQ. Why The Fed Might Hike Rates After A Red-Hot August Inflation Report
• Negative Sentiment: Concerns that rising long-term Treasury yields could reflect inflation, fiscal pressure, or other structural risks create an additional valuation headwind for QQQ. Benign Or Malign? Reasons For The Rise In Long-Term U.S. Interest Rates
• Negative Sentiment: Profit-margin concerns surrounding the artificial-intelligence boom could weigh on several major QQQ holdings if heavy infrastructure spending fails to generate sufficient returns. The AI Boom Is Eating Its Own Margins

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $718.96 on Friday. Invesco QQQ has a 52 week low of $555.60 and a 52 week high of $748.65. The stock's fifty day moving average is $711.26 and its 200-day moving average is $675.29.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 22nd were given a $0.8135 dividend. This represents a $3.25 annualized dividend and a 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.

Invesco QQQ 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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