Schear Investment Advisers LLC Has $397,000 Stock Position in Invesco QQQ $QQQ

by · The Markets Daily

Schear Investment Advisers LLC lessened its stake in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 66.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 687 shares of the exchange traded fund’s stock after selling 1,340 shares during the quarter. Schear Investment Advisers LLC’s holdings in Invesco QQQ were worth $397,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in QQQ. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Invesco QQQ during the fourth quarter worth approximately $25,000. Shcp LLC bought a new stake in Invesco QQQ during the 3rd quarter valued at $27,000. Annis Gardner Whiting Capital Advisors LLC raised its holdings 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 buying an additional 43 shares during the last quarter. Rachor Investment Advisory Services LLC bought a new position in shares of Invesco QQQ in the fourth quarter valued at $29,000. Finally, Islay Capital Management LLC acquired a new position in shares of Invesco QQQ during the fourth quarter valued at about $32,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 2.0%

Shares of QQQ traded down $14.78 on Tuesday, reaching $708.04. The company’s stock had a trading volume of 15,368,372 shares, compared to its average volume of 54,814,809. The firm has a fifty day moving average of $712.54 and a 200-day moving average of $646.51. Invesco QQQ has a twelve month low of $551.10 and a twelve month high of $748.65.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Monday, June 22nd will be given a $0.8135 dividend. This represents a $3.25 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Monday, June 22nd. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.73.

Invesco QQQ News Summary

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

  • Positive Sentiment: SpaceX is joining the Nasdaq-100, which means QQQ — as a Nasdaq-100 ETF — will gain indirect exposure to the company and may see passive index-related buying as index funds add the new holding. Article Title
  • Positive Sentiment: Multiple reports highlight that funds tracking the Nasdaq-100 must buy SpaceX, with investors viewing the addition as a fresh catalyst for the index and its ETF products. Article Title
  • Neutral Sentiment: Market commentary shows retail sentiment around QQQ remains bullish, while broader futures action is mixed and tech stocks are reacting to Samsung-driven chip weakness. Article Title
  • Negative Sentiment: Some articles warn that QQQ’s tech-heavy structure leaves it more volatile than broader index funds like VOO, which could limit enthusiasm among long-term investors if growth stocks cool. Article Title

Invesco QQQ Profile

(Free Report)

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.

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