Trinity Wealth Management LLC Sells 9,424 Shares of Invesco QQQ $QQQ

Trinity Wealth Management LLC lessened its holdings in Invesco QQQ (NASDAQ:QQQ) by 21.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 33,923 shares of the exchange traded fund’s stock after selling 9,424 shares during the quarter. Invesco QQQ makes up approximately 7.2% of Trinity Wealth Management LLC’s holdings, making the stock its 2nd biggest holding. Trinity Wealth Management LLC’s holdings in Invesco QQQ were worth $19,580,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Goodman Advisory Group LLC bought a new position in Invesco QQQ in the third quarter valued at approximately $25,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Invesco QQQ during the 4th quarter valued at $25,000. Shcp LLC bought a new stake in shares of Invesco QQQ during the 3rd quarter valued at $27,000. Annis Gardner Whiting Capital Advisors LLC lifted its stake in shares of Invesco QQQ by 2,150.0% in 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 during the period. Finally, Rachor Investment Advisory Services LLC acquired a new position in shares of Invesco QQQ in the 4th quarter valued at $29,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $709.51 on Thursday. Invesco QQQ has a 12-month low of $539.38 and a 12-month high of $748.65. The stock’s fifty day simple moving average is $701.85 and its 200-day simple moving average is $641.70.

Invesco QQQ Increases Dividend

The business 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. The ex-dividend date of this dividend is Monday, June 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.73. This represents a $3.25 annualized dividend and a yield of 0.5%.

More Invesco QQQ News

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

• Positive Sentiment: Some commentary argues the recent AI and semiconductor pullback is likely profit-taking rather than a broken long-term story, which could help QQQ rebound if buyers return. Market Strategist Says AI Selloff Is ‘Just Profit-Taking,’ Not a Broken Story
• Positive Sentiment: Several market outlook pieces suggest the S&P 500 and the broader rally still have upside left, which supports sentiment for large-cap growth exposure like QQQ. S&P 500’s Rally Still Looks Fundamentally Well Supported
• Positive Sentiment: Wall Street commentary says the current summer slump in stocks may be short-lived, suggesting recent weakness could be temporary rather than a trend change. Why Wall Street’s Summer Slump Will Be Short-Lived
• Neutral Sentiment: QQQ remains heavily used by options traders, and a new article highlighted covered-call income potential in the ETF. This reinforces QQQ’s popularity but does not materially change fundamentals. Can You Sell Covered Calls on Leveraged ETFs for Income? Yes, But The Yield Is Risky
• Neutral Sentiment: State Street launched a new Nasdaq 100 ETF, adding competition for QQQ-style exposure, but the near-term effect on QQQ’s price should be limited. State Street Goes Heads Up With Qs, Launches Nasdaq 100 ETF
• Negative Sentiment: Market coverage noted a broader tech sell-off and weakness in chip stocks, which is a headwind for QQQ because the fund is heavily weighted toward large technology names. Stock Market Today: Dow Falls After Tech Sell-Off; FedEx Dives On Earnings (Live Coverage)
• Negative Sentiment: Other commentary pointed to risks from higher-for-longer interest rates, rising real yields, and signs of a potential market rotation away from tech, all of which can pressure QQQ. Higher-For-Longer Interest Rates Could Disrupt The Current Market Narrative

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.