One Capital Management LLC Sells 1,086 Shares of Invesco QQQ $QQQ

One Capital Management LLC lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 1.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 68,429 shares of the exchange traded fund’s stock after selling 1,086 shares during the period. Invesco QQQ accounts for 1.3% of One Capital Management LLC’s holdings, making the stock its 17th biggest position. One Capital Management LLC’s holdings in Invesco QQQ were worth $42,037,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Twin Peaks Wealth Advisors LLC boosted its position in Invesco QQQ by 3.9% during the fourth quarter. Twin Peaks Wealth Advisors LLC now owns 7,991 shares of the exchange traded fund’s stock worth $4,909,000 after purchasing an additional 301 shares during the period. Three Bridge Wealth Advisors LLC boosted its position in Invesco QQQ by 3.0% during the fourth quarter. Three Bridge Wealth Advisors LLC now owns 34,780 shares of the exchange traded fund’s stock worth $21,366,000 after purchasing an additional 1,029 shares during the period. COFG Advisors LLC bought a new position in Invesco QQQ during the fourth quarter worth $2,202,000. Sage Investment Advisers LLC bought a new position in Invesco QQQ during the fourth quarter worth $3,384,000. Finally, Gill Capital Partners LLC boosted its position in Invesco QQQ by 5.7% during the fourth quarter. Gill Capital Partners LLC now owns 24,507 shares of the exchange traded fund’s stock worth $15,055,000 after purchasing an additional 1,316 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.6%

QQQ stock opened at $742.74 on Tuesday. The company has a fifty day moving average price of $655.03 and a two-hundred day moving average price of $627.83. Invesco QQQ has a one year low of $515.97 and a one year high of $745.65.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a dividend of $0.7328 per share. 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.

Key Stories Impacting Invesco QQQ

Here are the key news stories impacting Invesco QQQ this week:

• Positive Sentiment: Futures and broader market indicators started the day on a strong footing, with tech leadership helping sentiment and QQQ showing only cautious retail positioning despite the upbeat opening tone. Nasdaq, S&P 500 Futures Open June On Strong Footing: Why NVDA, DELL, HPE, TSM, TSLA, SPCE, RVMD Are In Focus
• Positive Sentiment: Risk appetite remains supported by enthusiasm for semiconductor and AI-related stocks, which can lift the Nasdaq-100 and the Invesco QQQ (QQQ) ETF because of its heavy exposure to mega-cap tech. The Semiconductor Play Nobody Owns Just Lapped Wall Street’s Biggest Names
• Neutral Sentiment: U.S. equity ETFs and broad market gauges were mixed after midday, suggesting no clear market-wide catalyst driving QQQ in either direction. Exchange-Traded Funds, US Equities Mixed After Midday
• Neutral Sentiment: Retail sentiment on QQQ was described as cautious and neutral, indicating traders are not aggressively positioning for a breakout despite the recent strength. Profitless Tech Surges 57% As Wall Street Signals Caution
• Negative Sentiment: Geopolitical tension in the Middle East and higher oil prices are pressuring premarket sentiment, which can weigh on growth stocks and the Invesco QQQ (QQQ) by reviving inflation and rate concerns. Pre-Markets Turn South on News from Middle East
• Negative Sentiment: Wall Street strategists are warning that rising yields and speculative behavior could hurt high-growth, money-losing tech names, a potential headwind for QQQ’s tech-heavy portfolio. Profitless Tech Surges 57% As Wall Street Signals Caution

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.