Ruggaard & Associates LLC Sells 1,500 Shares of Invesco QQQ $QQQ

Ruggaard & Associates LLC decreased its holdings in Invesco QQQ (NASDAQ:QQQ) by 69.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 654 shares of the exchange traded fund’s stock after selling 1,500 shares during the quarter. Ruggaard & Associates LLC’s holdings in Invesco QQQ were worth $402,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Goodman Advisory Group LLC bought a new position in shares of Invesco QQQ during the 3rd quarter worth approximately $25,000. University of Texas Texas AM Investment Management Co. bought a new stake in Invesco QQQ in the fourth quarter valued at $25,000. Shcp LLC bought a new stake in Invesco QQQ in the third quarter valued at $27,000. Annis Gardner Whiting Capital Advisors LLC raised its stake in Invesco QQQ by 2,150.0% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock worth $28,000 after acquiring an additional 43 shares in the last quarter. Finally, Rachor Investment Advisory Services LLC acquired a new position in Invesco QQQ during the fourth quarter worth $29,000. 44.58% of the stock is owned by institutional investors.

Key Headlines Impacting Invesco QQQ

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

• Positive Sentiment: Broad U.S. equity ETFs were higher or stable in intraday trading, suggesting some support for risk assets and large-cap growth exposure. Exchange-Traded Funds, US Equities Higher After Midday
• Positive Sentiment: Market discussion around semiconductors and AI remains a potential tailwind for QQQ because those sectors are key index holdings. Semiconductor Stocks May Be Creating A Stock Market Misalignment
• Neutral Sentiment: ETFs saw unusual volume and investors are watching flows, but the article does not point to a clear QQQ-specific catalyst. 2 ETFs to Watch for Outsized Volume on US Treasury & Dividend
• Neutral Sentiment: Some commentary continues to debate QQQ’s valuation and whether there are cheaper ways to get tech exposure, but this is more of a long-term positioning argument than an immediate stock driver. VOO vs. QQQ — Which Strong Buy-Rated ETF Should You Choose Now?
• Negative Sentiment: Multiple Fed-related articles point to a hawkish policy shift, which could weigh on QQQ by raising discount-rate pressure on high-multiple tech stocks. Fed Chair Warsh in the Spotlight: Will He Advocate Rate Cuts?
• Negative Sentiment: Articles warning that the Fed may not provide forward guidance and could be moving toward rate hikes are a negative backdrop for growth-oriented ETFs like QQQ. New Era for the Fed: Kevin Warsh at the FOMC

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $740.62 on Friday. Invesco QQQ has a 52-week low of $523.65 and a 52-week high of $748.65. The business has a fifty day moving average of $692.71 and a two-hundred day moving average of $638.77.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Monday, June 22nd will be issued a dividend of $0.8135 per share. The ex-dividend date of this dividend is Monday, June 22nd. This represents a $3.25 annualized dividend and a yield of 0.4%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.73.

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.