Tepp RIA LLC Has $16 Million Position in Invesco QQQ $QQQ

Tepp RIA LLC boosted its position in Invesco QQQ (NASDAQ:QQQ) by 4.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,045 shares of the exchange traded fund’s stock after purchasing an additional 1,133 shares during the quarter. Invesco QQQ makes up 15.8% of Tepp RIA LLC’s portfolio, making the stock its 2nd biggest position. Tepp RIA LLC’s holdings in Invesco QQQ were worth $15,999,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Goodman Advisory Group LLC bought a new position in shares of Invesco QQQ during the third quarter valued at $25,000. Shcp LLC bought a new position in shares of Invesco QQQ during the third quarter valued at $27,000. Rachor Investment Advisory Services LLC bought a new position in shares of Invesco QQQ during the fourth quarter valued at $29,000. Measured Wealth Private Client Group LLC bought a new position in shares of Invesco QQQ during the third quarter valued at $40,000. Finally, Morgan Dempsey Capital Management LLC increased its holdings 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 acquiring an additional 25 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Key Invesco QQQ News

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

Shares of NASDAQ:QQQ opened at $707.24 on Wednesday. Invesco QQQ has a 1-year low of $505.58 and a 1-year high of $714.59. The business has a fifty day moving average price of $621.92 and a 200-day moving average price of $618.18.

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 issued a $0.7328 dividend. This represents a $2.93 annualized dividend and a yield of 0.4%. The ex-dividend date 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.