Moneco Advisors LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 23.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,754 shares of the exchange traded fund’s stock after buying an additional 2,195 shares during the period. Moneco Advisors LLC’s holdings in Invesco QQQ were worth $7,221,000 at the end of the most recent reporting period.
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 worth approximately $25,000. Shcp LLC purchased a new stake in shares of Invesco QQQ during the third quarter worth approximately $27,000. Rachor Investment Advisory Services LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter worth approximately $29,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Invesco QQQ during the third quarter worth approximately $40,000. Finally, Morgan Dempsey Capital Management LLC increased 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 worth $48,000 after buying an additional 25 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.
Key Invesco QQQ News
Here are the key news stories impacting Invesco QQQ this week:
- Positive Sentiment: Invesco reported that QQQ’s assets under management jumped 18% in April as broad market gains lifted the fund’s value. Invesco’s QQQ AUM jumps 18% in April amid market gains
- Positive Sentiment: Tech stocks, especially semiconductors, rallied despite a hotter-than-expected PPI report, showing investors are still willing to buy growth names tied to the AI trade. Stock Market Today: Nasdaq 100 Rises Despite Hot PPI, Nvidia Hits Record High
- Neutral Sentiment: Several market commentaries focused on inflation data, Fed expectations, and valuation concerns, which may keep volatility elevated but do not directly change QQQ’s underlying holdings. CPI Inflation Blows Past Fed Rates As Core Services, Gasoline, Electricity, And Food Spike; Fed’s ‘Real’ Rates Are Now Negative
- Neutral Sentiment: Analysts also highlighted QQQ’s role as a core exposure vehicle for both chip and software leaders, reinforcing its appeal to investors seeking continued AI and mega-cap tech exposure. QQQ vs. VOO — Which ETF Should Investors Buy Now?
- Negative Sentiment: Hot inflation readings have revived concerns that the Fed may stay restrictive longer, which could pressure growth stocks and make high-valuation tech shares harder to justify. Producer Price Inflation Explodes As The Services PPI Blows Out On Top Of The Energy Price Spike
Invesco QQQ Stock Performance
Invesco QQQ Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were issued a $0.7328 dividend. This represents a $2.93 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, March 23rd.
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.
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