Estate Counselors LLC Sells 11,690 Shares of Invesco QQQ $QQQ

Estate Counselors LLC lessened its holdings in Invesco QQQ (NASDAQ:QQQ) by 95.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 590 shares of the exchange traded fund’s stock after selling 11,690 shares during the period. Estate Counselors LLC’s holdings in Invesco QQQ were worth $341,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of QQQ. Carrera Capital Advisors increased its position in shares of Invesco QQQ by 99.3% during the fourth quarter. Carrera Capital Advisors now owns 2,316 shares of the exchange traded fund’s stock worth $1,423,000 after purchasing an additional 1,154 shares in the last quarter. Flatrock Wealth Partners LLC purchased a new position in Invesco QQQ in the 1st quarter valued at $924,000. Hegarty Advisors LLC acquired a new stake in Invesco QQQ during the 1st quarter worth $2,212,000. Sovran Advisors LLC boosted its stake in Invesco QQQ by 8.0% during the 4th quarter. Sovran Advisors LLC now owns 18,032 shares of the exchange traded fund’s stock worth $11,212,000 after purchasing an additional 1,340 shares during the last quarter. Finally, Ascension Capital Advisors Inc. grew its holdings in shares of Invesco QQQ by 643.8% during the first quarter. Ascension Capital Advisors Inc. now owns 3,094 shares of the exchange traded fund’s stock worth $1,786,000 after buying an additional 2,678 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Down 0.3%

Shares of NASDAQ QQQ opened at $682.23 on Tuesday. The firm has a 50-day simple moving average of $718.39 and a 200-day simple moving average of $656.64. Invesco QQQ has a 52 week low of $551.68 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. Shareholders of record on Monday, June 22nd were paid a $0.8135 dividend. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $3.25 dividend on an annualized basis and a yield of 0.5%.

Invesco QQQ News Summary

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

• Positive Sentiment: Technical analysis cited QQQ bouncing from a support zone, while aggressive buying in Nvidia and optimism surrounding a potential massive OpenAI data-center project provided support for the fund’s AI- and semiconductor-heavy holdings. Aggressive Buying On Nvidia Backing Massive OpenAI Data Center And Trump Pausing Iran Attacks
• Neutral Sentiment: Fund reports describe QQQ as a passively managed ETF offering broad exposure to large-cap growth stocks. These reports provide portfolio context but do not identify a major new catalyst for the shares. Should Invesco QQQ Be on Your Investing Radar? Should Invesco QQQ Be on Your Investing Radar?
• Negative Sentiment: Commentary questioned whether QQQ’s growth is worth its opportunity cost, even though its valuation is not unusually high by the fund’s own historical standards. What Is the Growth in QQQ Actually Costing You?
• Negative Sentiment: Analysts warned that QQQ’s largest technology holdings are engaged in an AI capital-spending race, with rising investment, pressure on free cash flow and increasing competition in cloud services. Separate commentary said signs of an overstretched AI bubble are emerging. QQQ and Tech Earnings The AI Bubble Is Bigger Than Ever and the Cracks Are Starting to Show
• Negative Sentiment: Reports also highlighted potential Federal Reserve rate-hike risk and broader market warning signals, both of which could pressure high-growth technology valuations. The Next Fed Rate Hike May Be Coming Soon

Invesco QQQ Company 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.