Invesco QQQ $QQQ is Rareview Capital LLC’s 3rd Largest Position

Rareview Capital LLC lowered its stake in Invesco QQQ (NASDAQ:QQQ) by 3.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 26,341 shares of the exchange traded fund’s stock after selling 828 shares during the quarter. Invesco QQQ comprises 9.8% of Rareview Capital LLC’s portfolio, making the stock its 3rd largest position. Rareview Capital LLC’s holdings in Invesco QQQ were worth $19,398,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of QQQ. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Invesco QQQ during the fourth quarter worth $25,000. Shcp LLC acquired a new stake in Invesco QQQ during the 3rd quarter valued at $27,000. Annis Gardner Whiting Capital Advisors LLC grew its holdings in Invesco QQQ by 2,150.0% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock valued at $28,000 after purchasing an additional 43 shares in the last quarter. Parvin Asset Management LLC purchased a new stake in Invesco QQQ during the 1st quarter worth $28,000. Finally, High Point Wealth Management LLC lifted its holdings in Invesco QQQ by 68.0% in the 2nd quarter. High Point Wealth Management LLC now owns 42 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 17 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Key Invesco QQQ News

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

• Positive Sentiment: QQQ benefited from relative strength in the Nasdaq-100, while investor sentiment toward QQQ turned bullish ahead of the latest labor-market data. QQQ ETF edges higher as Nasdaq-100 outperforms
• Positive Sentiment: The August jobs report reportedly exceeded expectations, easing immediate concerns about a weakening labor market and supporting the “soft landing” or “Goldilocks” case for equities. That backdrop can help growth-focused technology stocks held by QQQ. Exchange-Traded Funds Higher, Equity Futures Mixed Pre-Bell Friday After August Jobs Report Tops Estimates
• Positive Sentiment: Analysts highlighted broad second-quarter earnings strength and a possible new capital-formation cycle, both of which could support continued demand for large-cap technology and artificial-intelligence companies represented in the Nasdaq-100. Second Quarter Earnings Show Breadth
• Neutral Sentiment: Trading was mixed across major ETFs, with some broad-market funds advancing and others declining. This suggests QQQ’s gains were driven more by Nasdaq-100 leadership than by a uniformly strong market. Exchange-Traded Funds Mixed, US Equities Lower After Midday
• Negative Sentiment: Investors are also weighing the possibility that resilient hiring and a separate report describing hot August inflation could delay rate cuts or even prompt a Federal Reserve hike. Higher interest rates generally pressure the long-duration growth stocks that dominate QQQ. Why The Fed Might Hike Rates After A Red-Hot August Inflation Report
• Negative Sentiment: Concerns that rising long-term Treasury yields could reflect inflation, fiscal pressure, or other structural risks create an additional valuation headwind for QQQ. Benign Or Malign? Reasons For The Rise In Long-Term U.S. Interest Rates
• Negative Sentiment: Profit-margin concerns surrounding the artificial-intelligence boom could weigh on several major QQQ holdings if heavy infrastructure spending fails to generate sufficient returns. The AI Boom Is Eating Its Own Margins

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $718.96 on Friday. The firm has a 50-day moving average of $711.26 and a two-hundred day moving average of $675.29. 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 announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 22nd were issued a dividend of $0.8135 per share. 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%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.73.

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.