Tepp RIA LLC increased its holdings in Invesco QQQ (NASDAQ:QQQ – Free Report) by 4.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 26,045 shares of the exchange traded fund’s stock after purchasing an additional 1,133 shares during the period. Invesco QQQ comprises about 15.8% of Tepp RIA LLC’s portfolio, making the stock its 2nd largest holding. Tepp RIA LLC’s holdings in Invesco QQQ were worth $15,999,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in QQQ. Goodman Advisory Group LLC bought a new stake in shares of Invesco QQQ during the 3rd quarter valued at about $25,000. Shcp LLC bought a new stake in shares of Invesco QQQ during the 3rd quarter valued at about $27,000. Rachor Investment Advisory Services LLC bought a new stake in shares of Invesco QQQ during the 4th quarter valued at about $29,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Invesco QQQ during the 3rd quarter valued at about $40,000. Finally, Morgan Dempsey Capital Management LLC grew its stake in shares of Invesco QQQ by 45.5% during the 3rd quarter. Morgan Dempsey Capital Management LLC now owns 80 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 25 shares during the period. 44.58% of the stock is currently owned by institutional investors.
Trending Headlines about Invesco QQQ
Here are the key news stories impacting Invesco QQQ this week:
- Positive Sentiment: QQQ is benefiting from renewed appetite for AI and semiconductor stocks, with articles noting that chip stocks have been outperforming software and that QQQ offers exposure to both groups. Chip Stocks Have Been Crushing Software. Here’s How to Play Both.
- Positive Sentiment: Market sentiment has improved as cooling geopolitical tensions, resilient employment data, and AI enthusiasm pushed risk assets higher, supporting the Nasdaq and QQQ. The Zacks Analyst Blog QQQ, DIA, DRAM, WGMI, EWY, DIME and BKCH
- Positive Sentiment: Analysts and market commentary also described the broader move as a “risk-on” trade, which tends to favor growth-heavy ETFs like QQQ. Time for Risk-On Trades? ETFs in Focus
- Neutral Sentiment: QQQ reached a new 12-month high, but recent commentary suggests some of the rally is already well-established, which may leave the ETF vulnerable if momentum in megacap tech slows. Invesco QQQ (NASDAQ:QQQ) Sets New 12-Month High – What’s Next?
- Negative Sentiment: Some articles warn that the AI trade is becoming crowded and heavily dependent on semiconductor leadership, meaning QQQ could face sharper pullbacks if chip momentum fades. GPTY Owns The Hottest AI Trade – That’s The Problem
Invesco QQQ Stock Performance
Invesco QQQ Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a dividend of $0.7328 per share. This represents a $2.93 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, March 23rd.
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.
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