1,124 Shares in Invesco QQQ $QQQ Purchased by Daviman Financial LLC

Daviman Financial LLC acquired a new position in shares of Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,124 shares of the exchange traded fund’s stock, valued at approximately $691,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of QQQ. Well Done LLC boosted its position in shares of Invesco QQQ by 0.5% during the fourth quarter. Well Done LLC now owns 3,439 shares of the exchange traded fund’s stock worth $2,113,000 after buying an additional 16 shares during the period. Investment Management Corp VA ADV boosted its position in shares of Invesco QQQ by 1.6% during the third quarter. Investment Management Corp VA ADV now owns 1,110 shares of the exchange traded fund’s stock worth $667,000 after buying an additional 17 shares during the period. Tenon Financial LLC boosted its position in shares of Invesco QQQ by 2.2% during the fourth quarter. Tenon Financial LLC now owns 805 shares of the exchange traded fund’s stock worth $494,000 after buying an additional 17 shares during the period. SJS Investment Consulting Inc. boosted its position in shares of Invesco QQQ by 1.7% during the fourth quarter. SJS Investment Consulting Inc. now owns 1,017 shares of the exchange traded fund’s stock worth $625,000 after buying an additional 17 shares during the period. Finally, Cascade Investment Group Inc. boosted its position in shares of Invesco QQQ by 4.6% during the fourth quarter. Cascade Investment Group Inc. now owns 388 shares of the exchange traded fund’s stock worth $238,000 after buying an additional 17 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.4%

Shares of NASDAQ QQQ opened at $717.54 on Friday. The stock has a 50 day simple moving average of $638.80 and a 200-day simple moving average of $623.07. Invesco QQQ has a 12-month low of $505.58 and a 12-month high of $722.12.

Invesco QQQ Cuts Dividend

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

More Invesco QQQ News

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

• Positive Sentiment: Nvidia’s buybacks, dividend increase, and AI growth are putting Nasdaq-heavy ETFs like QQQ in focus, reinforcing demand for large-cap tech exposure. NVIDIA Ramps Up Shareholder Returns: ETFs in Focus
• Positive Sentiment: Semiconductor strength remains a tailwind for QQQ, as the sector’s long-running rally continues to support growth-oriented technology indexes. Is the VanEck Semiconductor ETF the Right ETF to Own as We Head Into June?
• Neutral Sentiment: Some market commentary suggests ETFs are increasingly dominating trading flows, but the article is more thematic than a direct driver for QQQ today. ETF Zoo: Why Rebalancing Killed the ARK Star
• Negative Sentiment: Earlier market coverage pointed to mixed ETF performance and a pullback in U.S. equities, which can weigh on QQQ when traders rotate out of growth stocks. Exchange-Traded Funds Mixed, US Equities Decline After Midday

About Invesco QQQ

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.