Triton Wealth Management PLLC increased its stake in Invesco QQQ (NASDAQ:QQQ – Free Report) by 28.0% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 41,906 shares of the exchange traded fund’s stock after buying an additional 9,163 shares during the quarter. Invesco QQQ accounts for approximately 9.8% of Triton Wealth Management PLLC’s portfolio, making the stock its 3rd largest holding. Triton Wealth Management PLLC’s holdings in Invesco QQQ were worth $25,743,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Well Done LLC boosted its holdings in shares of Invesco QQQ by 0.5% in the 4th 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 last quarter. Investment Management Corp VA ADV boosted its holdings in shares of Invesco QQQ by 1.6% in the 3rd 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 last quarter. Tenon Financial LLC boosted its holdings in shares of Invesco QQQ by 2.2% in the 4th 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 last quarter. SJS Investment Consulting Inc. boosted its holdings in shares of Invesco QQQ by 1.7% in the 4th 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 last quarter. Finally, Cascade Investment Group Inc. boosted its holdings in shares of Invesco QQQ by 4.6% in the 4th 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 last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.
Key Stories Impacting Invesco QQQ
Here are the key news stories impacting Invesco QQQ this week:
- Positive Sentiment: QQQ is benefiting from strength in tech and semiconductors, with the Nasdaq 100 advancing despite hotter inflation data. Stock Market Today: Nasdaq 100 Rises Despite Hot PPI, Nvidia Hits Record High
- Positive Sentiment: Invesco’s QQQ saw a jump in assets under management in April, indicating strong investor demand for the fund and continued capital flowing into Nasdaq-100 exposure. Invesco’s QQQ AUM jumps 18% in April amid market gains
- Positive Sentiment: ETF flow data showed Invesco pulling in billions across its lineup, reinforcing that investors are still allocating heavily to passive equity funds. ETF League Tables: Invesco Pulls In $4.9B
- Neutral Sentiment: Several articles discussed QQQ versus alternatives like QQQM and VOO, reflecting ongoing investor debate about valuation, concentration risk, and whether QQQ remains the best long-term choice. QQQ vs. VOO — Which ETF Should Investors Buy Now?
- Neutral Sentiment: Commentary about a potential SpaceX IPO and broader market plumbing may affect index flows, but it is indirect and not a primary driver of QQQ today. SpaceX IPO Will Force Index Funds to Buy $7 Billion in One Day. What Happens to Nasdaq Next.
Invesco QQQ Price Performance
Invesco QQQ Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a $0.7328 dividend. This represents a $2.93 dividend on an annualized basis and a 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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