Zinnia Wealth Advisory LLC Sells 5,191 Shares of Invesco QQQ $QQQ

Key Points

• Zinnia Wealth Advisory cut its Invesco QQQ stake by 46% in the second quarter, selling 5,191 shares and retaining 6,099 shares valued at approximately $4.49 million. QQQ remains 4.6% of the firm’s holdings and its third-largest position.
• QQQ shares opened at $711.37, with a 52-week range of $555.60 to $748.65. Institutional investors and hedge funds collectively own 44.58% of the fund.
• Invesco raised its quarterly dividend to $0.8135 from $0.73, equivalent to an annualized $3.25 payout and a 0.5% yield. Technology and AI exposure support the fund, while inflation concerns, elevated rates, and negative-gamma conditions could increase volatility.

Zinnia Wealth Advisory LLC reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 46.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,099 shares of the exchange traded fund's stock after selling 5,191 shares during the quarter. Invesco QQQ accounts for 4.6% of Zinnia Wealth Advisory LLC's holdings, making the stock its 3rd largest position. Zinnia Wealth Advisory LLC's holdings in Invesco QQQ were worth $4,491,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. CAP Partners LLC grew its stake in shares of Invesco QQQ by 3.5% during the 1st quarter. CAP Partners LLC now owns 444 shares of the exchange traded fund's stock worth $256,000 after purchasing an additional 15 shares during the period. Durante & Waters LLC increased its holdings in shares of Invesco QQQ by 1.1% during the 1st quarter. Durante & Waters LLC now owns 1,425 shares of the exchange traded fund's stock valued at $822,000 after purchasing an additional 15 shares in the last quarter. Roxbury Financial LLC lifted its stake in shares of Invesco QQQ by 19.7% in the 2nd quarter. Roxbury Financial LLC now owns 91 shares of the exchange traded fund's stock valued at $67,000 after purchasing an additional 15 shares during the period. GoalVest Advisory LLC lifted its stake in shares of Invesco QQQ by 0.5% in the 2nd quarter. GoalVest Advisory LLC now owns 3,016 shares of the exchange traded fund's stock valued at $2,221,000 after purchasing an additional 15 shares during the period. Finally, Forty three Eighteen Advisors LLC boosted its holdings in Invesco QQQ by 0.6% during the first quarter. Forty three Eighteen Advisors LLC now owns 2,694 shares of the exchange traded fund's stock worth $1,555,000 after buying an additional 16 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $711.37 on Thursday. The company's fifty day moving average price is $712.40 and its 200 day moving average price is $670.49. Invesco QQQ has a 1 year low of $555.60 and a 1 year high of $748.65.

Invesco QQQ Increases Dividend

The company 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 dividend on an annualized basis and a dividend yield of 0.5%. This is an increase from Invesco QQQ's previous quarterly dividend of $0.73. The ex-dividend date was Monday, June 22nd.

Invesco QQQ News Roundup

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 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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