Wealthcare Advisory Partners LLC Sells 23,455 Shares of Invesco QQQ $QQQ

Key Points

• Wealthcare Advisory Partners reduced its QQQ position by 24.3%, selling 23,455 shares and retaining 73,003 shares worth approximately $53.8 million. Institutional investors collectively own 44.58% of the ETF.
• QQQ shares opened at $720.87, near their 52-week high of $748.65, while the fund increased its quarterly dividend to $0.8135, equivalent to an annualized $3.25 and a 0.5% yield.
• QQQ recently attracted about $10.2 billion in inflows as investors favored diversified large-cap technology exposure, though higher interest rates, elevated valuations, concentration risk and its higher expense ratio than QQQM remain concerns.

Wealthcare Advisory Partners LLC lessened its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 24.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 73,003 shares of the exchange traded fund's stock after selling 23,455 shares during the period. Invesco QQQ accounts for approximately 1.0% of Wealthcare Advisory Partners LLC's portfolio, making the stock its 20th largest holding. Wealthcare Advisory Partners LLC's holdings in Invesco QQQ were worth $53,759,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. University of Texas Texas AM Investment Management Co. bought a new position in Invesco QQQ in the 4th quarter worth about $25,000. Shcp LLC bought a new stake in shares of Invesco QQQ during the 3rd quarter valued at about $27,000. Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of Invesco QQQ by 2,150.0% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund's stock worth $28,000 after purchasing an additional 43 shares in the last quarter. Parvin Asset Management LLC purchased a new position in shares of Invesco QQQ during the first quarter worth about $28,000. Finally, Rachor Investment Advisory Services LLC bought a new position in shares of Invesco QQQ in the fourth quarter worth approximately $29,000. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Down 0.3%

Shares of QQQ opened at $720.87 on Tuesday. The firm's 50 day simple moving average is $713.75 and its 200 day simple moving average is $662.21. Invesco QQQ has a 1-year low of $555.60 and a 1-year high of $748.65.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders 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 of this dividend was Monday, June 22nd. This is a positive change 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: QQQ attracted approximately $10.2 billion in inflows last week, making it the leading recipient among U.S.-listed ETFs. The shift into QQQ came as investors took profits from semiconductor funds, signaling continued preference for diversified large-cap technology exposure. Semiconductor ETFs See Profit-Taking as Investors Pile Into QQQ
• Positive Sentiment: Market breadth within the Nasdaq-100 improved to its strongest level in more than a year, with about 70% of QQQ holdings trading above their 200-day moving averages. Broad participation can make the technology-led rally more durable than a narrow advance concentrated in a few mega-cap stocks. Nasdaq 100 Breadth Hits Its Strongest Level in Over a Year
• Positive Sentiment: Analysts cited historical momentum, potentially easier Federal Reserve policy and earnings strength from market leaders as reasons the broader technology market could move higher, providing a favorable backdrop for QQQ. Why Momentum, Fed Liquidity, & Tech Beats Signal More Upside
• Neutral Sentiment: Commentary on Nasdaq investing identifies continued technology leadership and earnings as potential catalysts, but also highlights interest-rate, valuation and concentration risks for QQQ investors. A Guide to Nasdaq ETF Investing
• Negative Sentiment: QQQ charges roughly 0.20% annually, versus about 0.15% for the nearly identical QQQM fund. The fee gap could encourage cost-sensitive investors to favor QQQM, creating a competitive disadvantage for QQQ over time. Same 100 Stocks, Different Price
• Negative Sentiment: Potentially higher inflation and interest rates could pressure high-growth technology valuations, while other market commentary warns that stocks may have already advanced too quickly. These risks could explain why QQQ has recently traded lower despite strong fund flows. The July CPI Report May Reveal Why Rates Are Headed Even Higher

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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