Pinkerton Wealth LLC Cuts Stake in Invesco QQQ $QQQ

Key Points

• Pinkerton Wealth LLC cut its Invesco QQQ stake by 88.1% in the second quarter, selling 42,847 shares and retaining 5,781 shares worth approximately $4.26 million.
• Other institutions increased their QQQ holdings, including Invesco Ltd., which grew its position by more than 1,000%; institutional investors collectively own 44.58% of the fund.
• QQQ opened at $711.37, near its $712.40 50-day moving average, while investors weigh technology and AI momentum against inflation, interest-rate, valuation and volatility risks. The fund also raised its quarterly dividend to $0.8135 per share.

Pinkerton Wealth LLC reduced its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 88.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,781 shares of the exchange traded fund's stock after selling 42,847 shares during the period. Pinkerton Wealth LLC's holdings in Invesco QQQ were worth $4,257,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Brighton Jones LLC grew its holdings in shares of Invesco QQQ by 15.0% during the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock valued at $19,605,000 after purchasing an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in Invesco QQQ by 3.5% during 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 buying an additional 176 shares during the period. Jupiter Wealth Management LLC purchased a new stake in Invesco QQQ during the second quarter valued at about $290,000. Wealth Group Ltd. grew its stake in shares of 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 buying an additional 18,210 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of Invesco QQQ by 1,057.3% during the second quarter. Invesco Ltd. now owns 33,063 shares of the exchange traded fund's stock valued at $18,239,000 after buying an additional 30,206 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Key Stories Impacting Invesco QQQ

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

• Positive Sentiment: Technology stocks benefited early in the session as chip shares recovered and equity futures moved higher. Because QQQ is heavily weighted toward large-cap technology companies, improved semiconductor sentiment and expectations surrounding upcoming Nvidia results provided support. Exchange-Traded Funds, Equity Futures Higher Pre-Bell Tuesday as Chip Stocks Recover
• Positive Sentiment: Investor interest in AI infrastructure remains a tailwind for QQQ’s underlying holdings. A newly launched “neocloud” ETF highlights strong demand for companies supplying AI computing capacity, while QQQ provides indirect exposure through major technology companies that purchase and use that infrastructure. Wall Street Just Invented the Neocloud ETF
• Neutral Sentiment: QQQ’s short-interest data showed no meaningful short position, indicating that short covering is unlikely to be a material driver of the fund’s recent move.
• Neutral Sentiment: Technical analysis identifies substantial support near 700, which could help limit downside, but also notes that QQQ remains in a negative-gamma regime that may amplify volatility around key levels. QQQ is Still in a Negative Gamma Regime
• Negative Sentiment: Broad-market ETFs declined after midday, suggesting that profit-taking and macroeconomic caution overshadowed the earlier technology rebound. Exchange-Traded Funds Fall as US Equities Decline After Midday
• Negative Sentiment: Investors are awaiting inflation data, including the PCE price index. A hotter-than-expected reading could push interest rates higher, pressure high-growth technology valuations, and weigh on QQQ. Concerns about elevated government debt and concentrated earnings growth add to the risk backdrop.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $711.37 on Thursday. Invesco QQQ has a 1-year low of $555.60 and a 1-year high of $748.65. The stock has a 50-day moving average of $712.40 and a 200-day moving average of $670.49.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 22nd were issued a dividend of $0.8135 per share. The ex-dividend date was Monday, June 22nd. This represents a $3.25 dividend on an annualized basis and a yield of 0.5%. This is an increase 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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