Invesco QQQ $QQQ is Pittenger & Anderson Inc.’s 3rd Largest Position

Pittenger & Anderson Inc. reduced its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 0.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 150,733 shares of the exchange traded fund’s stock after selling 1,193 shares during the quarter. Invesco QQQ makes up 3.6% of Pittenger & Anderson Inc.’s investment portfolio, making the stock its 3rd largest position. Pittenger & Anderson Inc.’s holdings in Invesco QQQ were worth $92,597,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Goodman Advisory Group LLC purchased a new position in Invesco QQQ during the 3rd quarter valued at about $25,000. Shcp LLC purchased a new position in Invesco QQQ during the 3rd quarter valued at about $27,000. Rachor Investment Advisory Services LLC purchased a new position in Invesco QQQ during the 4th quarter valued at about $29,000. Measured Wealth Private Client Group LLC purchased a new position in Invesco QQQ during the 3rd quarter valued at about $40,000. Finally, Barnes Dennig Private Wealth Management LLC purchased a new position in Invesco QQQ during the 3rd quarter valued at about $42,000. 44.58% of the stock is currently 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: Large net inflows into tech ETFs are lifting Nasdaq-linked funds like QQQ as investors pile into AI and growth exposure. Tech ETFs Dominate
• Positive Sentiment: Broad-market ETFs and US equities are advancing intraday, providing upward momentum to major ETFs including QQQ. Exchange-Traded Funds Advance
• Positive Sentiment: Ongoing strong tech earnings (recent blowouts) have relieved bearish pressure and are supporting growth names concentrated in QQQ. Bears Run Scared After Earnings
• Positive Sentiment: Q1 GDP strength was partly driven by AI investment, a structural tailwind for the large-cap tech companies that dominate QQQ. GDP Boosted By AI Investments
• Neutral Sentiment: Technical/market-timing indicators and monthly seasonality forecasts point to mixed near-term signals — could add volatility even as direction trends favor tech. Chart Indicator Signals A Sell
• Negative Sentiment: Rising inflation readings have increased the odds of Fed tightening, which typically pressures high-growth, long-duration names concentrated in QQQ. Inflation Nears The ‘Red Zone’
• Negative Sentiment: High-profile shorting activity in the semiconductor space (Michael Burry) and a pulled-back chip rally could weigh on QQQ components tied to semiconductors. Michael Burry Shorting Chips
• Negative Sentiment: Analysts flag potential weakening in 2027 AI capex plans, which could temper forward growth expectations for AI-exposed large caps in QQQ. 2027 AI Capex Concerns

Invesco QQQ Stock Up 0.9%

Invesco QQQ stock opened at $673.97 on Friday. Invesco QQQ has a 12-month low of $476.78 and a 12-month high of $675.97. The firm’s 50-day moving average is $610.87 and its two-hundred day moving average is $614.06.

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 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, March 23rd.

Invesco QQQ 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.