Higgins & Schmidt Wealth Strategies LLC Has $2.64 Million Position in Invesco QQQ $QQQ

Higgins & Schmidt Wealth Strategies LLC lowered its holdings in Invesco QQQ (NASDAQ:QQQ) by 14.4% in the first quarter, Holdings Channel.com reports. The firm owned 4,573 shares of the exchange traded fund’s stock after selling 769 shares during the period. Invesco QQQ comprises approximately 1.2% of Higgins & Schmidt Wealth Strategies LLC’s investment portfolio, making the stock its 14th largest position. Higgins & Schmidt Wealth Strategies LLC’s holdings in Invesco QQQ were worth $2,639,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC grew its stake in Invesco QQQ by 15.0% in the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after purchasing an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in shares of Invesco QQQ by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after purchasing an additional 176 shares in the last quarter. Jupiter Wealth Management LLC purchased a new stake in shares of Invesco QQQ during the 2nd quarter worth about $290,000. Wealth Group Ltd. lifted its holdings in shares of Invesco QQQ by 283.7% during the 2nd quarter. Wealth Group Ltd. now owns 24,629 shares of the exchange traded fund’s stock valued at $13,587,000 after buying an additional 18,210 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Invesco QQQ by 1,057.3% during the 2nd quarter. Invesco Ltd. now owns 33,063 shares of the exchange traded fund’s stock valued at $18,239,000 after buying an additional 30,206 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Trending Headlines about Invesco QQQ

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

• Positive Sentiment: Market commentary highlighted that QQQ could benefit from continued strength in mega-cap tech and AI-linked stocks, with some analysts arguing the broader S&P 500 and Nasdaq rallies remain fundamentally supported.
• Positive Sentiment: Several articles pointed to QQQ’s appeal for options-income strategies, including covered calls and 0DTE premium collection, underscoring persistent investor demand for the ETF and its liquid options market. Article Title
• Positive Sentiment: One note said tech investors are looking to July as QQQ’s historical “juggernaut” month, reinforcing a seasonal bullish narrative for the ETF.
• Neutral Sentiment: Broader market coverage showed mixed U.S. equity performance intraday, with some ETFs rising while others fell, indicating a choppy backdrop rather than a clear macro catalyst. Article Title
• Neutral Sentiment: Coverage on QQQ’s short interest was not meaningful, with reported short interest at zero shares, offering no real bearish signal.
• Negative Sentiment: Recent market chatter also reflected caution around tech volatility, with some articles warning about an approaching peak in semiconductors and other “troubling trends” that could weigh on Nasdaq-heavy funds like QQQ.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $716.38 on Friday. The business has a 50 day simple moving average of $703.61 and a 200 day simple moving average of $642.34. Invesco QQQ has a 52 week low of $541.52 and a 52 week high of $748.65.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 22nd will be paid a $0.8135 dividend. 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. The ex-dividend date is 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.