Sandy Cove Advisors LLC reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 54.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,006 shares of the exchange traded fund’s stock after selling 9,612 shares during the quarter. Invesco QQQ makes up approximately 1.5% of Sandy Cove Advisors LLC’s investment portfolio, making the stock its 18th largest position. Sandy Cove Advisors LLC’s holdings in Invesco QQQ were worth $4,918,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently made changes to their positions in QQQ. Goodman Advisory Group LLC purchased a new stake in shares of Invesco QQQ during the third quarter valued at $25,000. Shcp LLC purchased a new stake in shares of Invesco QQQ during the third quarter valued at $27,000. Rachor Investment Advisory Services LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter valued at $29,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Invesco QQQ during the third quarter valued at $40,000. Finally, Morgan Dempsey Capital Management LLC boosted its stake in shares of Invesco QQQ by 45.5% during the third 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 owned by hedge funds and other institutional investors.
Trending Headlines about Invesco QQQ
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
Invesco QQQ Price Performance
Invesco QQQ Cuts Dividend
The firm 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. 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%.
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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