Bank of America Corp DE Sells 2,292,876 Shares of Invesco QQQ $QQQ

Bank of America Corp DE reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 11.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,254,676 shares of the exchange traded fund’s stock after selling 2,292,876 shares during the quarter. Invesco QQQ comprises 0.7% of Bank of America Corp DE’s portfolio, making the stock its 23rd biggest position. Bank of America Corp DE’s holdings in Invesco QQQ were worth $9,959,054,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. CAP Partners LLC boosted its stake in 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 acquiring an additional 15 shares during the last quarter. Durante & Waters LLC raised its holdings in Invesco QQQ by 1.1% in the first quarter. Durante & Waters LLC now owns 1,425 shares of the exchange traded fund’s stock worth $822,000 after purchasing an additional 15 shares during the period. Forty three Eighteen Advisors LLC raised its holdings in Invesco QQQ by 0.6% in 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 purchasing an additional 16 shares during the period. Tenon Financial LLC boosted its position in shares of Invesco QQQ by 2.2% during the fourth quarter. Tenon Financial LLC now owns 805 shares of the exchange traded fund’s stock worth $494,000 after purchasing an additional 17 shares in the last quarter. Finally, SJS Investment Consulting Inc. boosted its position in shares of Invesco QQQ by 1.7% during the fourth quarter. SJS Investment Consulting Inc. now owns 1,017 shares of the exchange traded fund’s stock worth $625,000 after purchasing an additional 17 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ News Roundup

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

• Positive Sentiment: Some analysts view the technology pullback as a potential accumulation opportunity, arguing that strong demand for AI infrastructure and computing capacity could support the long-term earnings outlook for QQQ’s underlying companies. The Market Is Afraid Of Capex But It’s An Accumulation Opportunity
• Positive Sentiment: Longer-term bullish commentary suggests the current AI-led bull market could extend for years, offering potential support if corporate AI investment translates into sustainable revenue and profit growth. Forget The AI Bubble, Because This Bull Market Could Easily Extend Until 2029
• Neutral Sentiment: Microsoft and Meta earnings, along with the Federal Reserve’s interest-rate decision, are major near-term catalysts. Results that validate AI spending could stabilize QQQ, while cautious guidance or a hawkish policy signal could extend volatility. ETFs in the Crosshairs Ahead of Microsoft & Meta Earnings
• Negative Sentiment: Crude oil surged amid renewed U.S.-Iran tensions, increasing inflation and interest-rate concerns and weighing on the Nasdaq-100 ahead of the Fed decision. Oil Spikes 7%, Nasdaq 100 Sinks Before Fed
• Negative Sentiment: Fears that AI advances such as Kimi K3 could reduce the cost of developing models are challenging the valuations of expensive technology companies, while semiconductor weakness adds pressure to QQQ. Kimi K3: DeepSeek 2.0, or is this Time Different?

Invesco QQQ Price Performance

Shares of QQQ stock opened at $661.73 on Thursday. Invesco QQQ has a 12-month low of $551.68 and a 12-month high of $748.65. The firm has a fifty day moving average of $716.84 and a 200-day moving average of $657.29.

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 issued a dividend of $0.8135 per share. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.73. This represents a $3.25 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, June 22nd.

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.