Tudor Financial Inc. Cuts Position in Invesco QQQ $QQQ

Key Points

• Tudor Financial cut its Invesco QQQ position by 90.7% in the second quarter, selling 70,634 shares and retaining 7,285 shares valued at approximately $5.4 million.
• Other institutions added to QQQ, including several new positions, while institutional investors collectively own 44.58% of the fund.
• QQQ recently traded at $717.67, near its 52-week high, and raised its quarterly dividend to $0.8135, although AI-bubble concerns, rising yields and geopolitical tensions pose risks to its technology-heavy holdings.

Tudor Financial Inc. lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 90.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,285 shares of the exchange traded fund's stock after selling 70,634 shares during the quarter. Invesco QQQ makes up approximately 2.4% of Tudor Financial Inc.'s holdings, making the stock its 8th largest position. Tudor Financial Inc.'s holdings in Invesco QQQ were worth $5,365,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Flatrock Wealth Partners LLC bought a new position in Invesco QQQ during the 1st quarter valued at $924,000. Hegarty Advisors LLC bought a new stake in shares of Invesco QQQ in the 1st quarter worth $2,212,000. Ascension Capital Advisors Inc. lifted its holdings in shares of Invesco QQQ by 643.8% in the first quarter. Ascension Capital Advisors Inc. now owns 3,094 shares of the exchange traded fund's stock valued at $1,786,000 after buying an additional 2,678 shares during the period. First Bancorp Inc ME acquired a new stake in shares of Invesco QQQ in the second quarter valued at $677,000. Finally, Asset Allocation Strategies LLC bought a new position in Invesco QQQ during the first quarter valued at about $18,142,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Up 1.2%

NASDAQ:QQQ opened at $717.67 on Friday. The business's 50-day moving average price is $711.01 and its 200 day moving average price is $674.98. Invesco QQQ has a 52-week low of $555.60 and a 52-week high of $748.65.

Invesco QQQ Increases Dividend

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

Invesco QQQ News Roundup

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

• Positive Sentiment: Broad U.S. equity ETFs moved higher after midday, indicating a supportive market backdrop for QQQ and its mega-cap technology constituents. Exchange-Traded Funds Rise as US Equities Advance After Midday
• Positive Sentiment: TipRanks’ ETF AI Analyst gave QQQ an Outperform rating and identified at least 15% upside potential, reinforcing bullish sentiment toward the fund’s technology exposure. 3 ETFs to Buy with At Least 15% Upside Potential, According to the AI Analyst
• Positive Sentiment: Recent economic commentary characterized cooler payroll growth as consistent with a low probability of recession. A softer labor market could support expectations for lower interest rates, which generally benefits growth and technology stocks held by QQQ. Mixed Data, Cooler Payrolls - And Still A Low Probability Of Recession
• Neutral Sentiment: Market outlook articles presented competing views on inflation, wages, government debt, AI investment and September seasonality, suggesting investors remain divided over the durability of the technology-led rally. September Market Digest
• Negative Sentiment: Warnings of an AI-bubble burst, falling token prices and rising yields highlight valuation and rate risks for QQQ’s high-growth holdings. AI Bubble Burst: Token Prices Collapse, And Yields Soar
• Negative Sentiment: Escalating U.S.-Iran tensions and renewed discussion of the Iran conflict could increase market uncertainty and pressure risk-sensitive technology shares. Exchange-Traded Funds, Equity Futures Mixed Pre-Bell Wednesday Amid Escalating US-Iran Tensions

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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