RIA Advisory Group LLC Sells 18,173 Shares of Invesco QQQ $QQQ

Key Points

• RIA Advisory Group LLC reduced its Invesco QQQ position by 22.1%, selling 18,173 shares in the second quarter and retaining 64,208 shares valued at approximately $47.3 million.
• QQQ shares opened at $729.87, near their 52-week high of $748.65, while the fund increased its quarterly dividend to $0.8135 per share, implying a 0.4% annualized yield.
• QQQ continues to benefit from strong large-cap technology performance and potential rate cuts, but investors face risks from elevated valuations, technology concentration, economic uncertainty, and possible higher-for-longer interest rates.

RIA Advisory Group LLC cut its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 22.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,208 shares of the exchange traded fund's stock after selling 18,173 shares during the quarter. Invesco QQQ accounts for 10.3% of RIA Advisory Group LLC's holdings, making the stock its 2nd largest holding. RIA Advisory Group LLC's holdings in Invesco QQQ were worth $47,282,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. University of Texas Texas AM Investment Management Co. acquired a new stake in Invesco QQQ during the 4th quarter worth approximately $25,000. Shcp LLC purchased a new position in Invesco QQQ in the 3rd quarter valued at approximately $27,000. Annis Gardner Whiting Capital Advisors LLC grew its stake in shares of Invesco QQQ by 2,150.0% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund's stock worth $28,000 after acquiring an additional 43 shares in the last quarter. Parvin Asset Management LLC purchased a new stake in shares of Invesco QQQ during the first quarter worth $28,000. Finally, Rachor Investment Advisory Services LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter worth $29,000. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Down 0.2%

Shares of NASDAQ:QQQ opened at $729.87 on Tuesday. Invesco QQQ has a fifty-two week low of $555.60 and a fifty-two week high of $748.65. The firm's 50 day moving average price is $713.40 and its 200 day moving average price is $665.87.

Invesco QQQ Increases Dividend

The business also recently announced 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. This represents a $3.25 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, June 22nd. This is an increase from Invesco QQQ's previous quarterly dividend of $0.73.

Key Headlines Impacting Invesco QQQ

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

• Positive Sentiment: QQQ’s Nasdaq-100 exposure remains supported by strong large-cap technology performance. One analysis says the ETF has gained more than 19% this year and argues that Wall Street may see additional upside, although valuation and concentration risks remain. Invesco QQQ Trust ETF Is Up 19% YTD
• Positive Sentiment: Cooling July consumer inflation was described as favorable for the Federal Reserve, potentially improving the case for lower interest rates. Falling yields generally support growth-oriented technology stocks and QQQ holdings. July CPI: Good News for the Fed
• Positive Sentiment: Several market outlooks remain constructive, citing strong S&P 500 earnings growth, favorable historical patterns, and technical signals that could support continued equity gains. These trends are indirectly supportive of QQQ. S&P 500 Earnings Growth Drives a Bullish Outlier
• Positive Sentiment: Invesco ETFs recorded approximately $373 million in daily inflows on August 14, indicating continued investor demand for the issuer’s products, though the report does not identify how much went specifically into QQQ. ETF League Tables: Invesco Registers Inflows
• Neutral Sentiment: QQQ and QQQM provide similar Nasdaq-100 exposure; QQQM may be more attractive for long-term investors because of its lower expense ratio, while QQQ offers greater trading liquidity. This creates a potential allocation trade-off within Invesco’s lineup. QQQ vs. QQQM
• Negative Sentiment: Markets face greater uncertainty over the Fed’s next move, while a July retail-sales decline raises concerns about a possible economic-growth slowdown. Higher-for-longer rates or weaker growth could pressure QQQ’s richly valued technology holdings. Fed’s Next Rate Move Got More Complicated
• Negative Sentiment: Options-based buffered ETFs are being promoted as alternatives for investors worried that the bull market could break. Their growing appeal highlights downside-protection demand and may limit enthusiasm for an unhedged, growth-heavy fund such as QQQ. Three ETFs Built to Protect Your Money

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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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