Institutional investors adjust holdings in Invesco QQQ and UPS

Recent SEC filings reveal shifts in institutional holdings for Invesco QQQ and United Parcel Service, Inc. (UPS).

Wealthcare Capital Partners LLC significantly increased its position in the Invesco QQQ exchange-traded fund by 192.7% during the second quarter. The firm now holds 2,596 shares valued at approximately $1,912,000. Other institutional investors, including the University of Texas Texas AM Investment Management Co. and Parvin Asset Management LLC, have also established or modified positions in the fund. Invesco QQQ recently increased its quarterly dividend to $0.8135 per share.

In contrast, Fluent Financial LLC reduced its stake in United Parcel Service, Inc. by 55.2% during the second quarter. The firm retains 24,390 shares, worth roughly $2,622,000. While some firms like Coston McIsaac & Partners increased their holdings, others have recently issued varying analyst ratings for UPS, ranging from 'buy' to 'sell'.