Invesco QQQ $QQQ is SAM Advisors LLC’s 3rd Largest Position

SAM Advisors LLC lessened its holdings in Invesco QQQ (NASDAQ:QQQ) by 2.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 37,924 shares of the exchange traded fund’s stock after selling 1,026 shares during the period. Invesco QQQ comprises 7.4% of SAM Advisors LLC’s holdings, making the stock its 3rd biggest position. SAM Advisors LLC’s holdings in Invesco QQQ were worth $23,297,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC increased its holdings in shares of Invesco QQQ by 15.0% in the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after acquiring an additional 4,989 shares during the period. Revolve Wealth Partners LLC lifted 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 during the last quarter. Jupiter Wealth Management LLC bought a new stake in Invesco QQQ during the second quarter valued at about $290,000. Wealth Group Ltd. grew its stake in Invesco QQQ by 283.7% in the second quarter. Wealth Group Ltd. now owns 24,629 shares of the exchange traded fund’s stock valued at $13,587,000 after purchasing an additional 18,210 shares during the last quarter. Finally, Invesco Ltd. grew its stake in Invesco QQQ by 1,057.3% in the second quarter. Invesco Ltd. now owns 33,063 shares of the exchange traded fund’s stock valued at $18,239,000 after purchasing an additional 30,206 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

More Invesco QQQ News

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

• Positive Sentiment: Broad-market ETFs and U.S. equities were higher into midday, supporting Nasdaq-heavy funds like QQQ as investors rotated back into stocks. Exchange-Traded Funds Rise as US Equities Advance After Midday
• Positive Sentiment: Commentary on accelerating Q2 growth and a resilient U.S. economy is reinforcing the case for cyclical and growth assets, which tends to benefit QQQ’s heavy exposure to mega-cap technology. Nowcast Data Suggest U.S. Growth Is Accelerating In Q2
• Positive Sentiment: Multiple articles highlighted the Nasdaq-100’s upside potential versus broader indexes, keeping attention on QQQ as a leading way to own big tech and growth stocks. Should You Invest in the S&P 500 or the Nasdaq-100 Right Now?
• Neutral Sentiment: Several pieces compared QQQ with other ETFs such as QQQM and VGT, but these were mostly watchlist-style and educational articles rather than direct catalysts for the fund. QQQ vs. QQQM: Same Index, So Which One Should You Actually Buy?
• Negative Sentiment: Hotter-than-expected CPI and renewed inflation concerns could keep pressure on rate-sensitive growth stocks if investors fear the Fed stays restrictive for longer. CPI Inflation Rate +4.2%: Hottest in 3 Years
• Negative Sentiment: Articles warning that inflation and geopolitical tensions may weigh on markets suggest some downside risk for QQQ if sentiment turns defensive. Markets Turn To The Downside Amid Geopolitical Tensions And Rising Inflation

Invesco QQQ Trading Up 3.4%

Shares of Invesco QQQ stock opened at $717.12 on Friday. The company has a 50-day simple moving average of $678.17 and a two-hundred day simple moving average of $634.57. Invesco QQQ has a one year low of $523.65 and a one year high of $748.65.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a dividend of $0.7328 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.93 dividend on an annualized basis and a yield of 0.4%.

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.