Victrix Investment Advisors Invests $6.05 Million in Invesco QQQ $QQQ

Victrix Investment Advisors acquired a new position in Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 9,840 shares of the exchange traded fund’s stock, valued at approximately $6,045,000. Invesco QQQ makes up 2.3% of Victrix Investment Advisors’ holdings, making the stock its 10th largest holding.

A number of other hedge funds and other institutional investors also recently modified their holdings of QQQ. Goodman Advisory Group LLC bought a new stake in shares of Invesco QQQ in the 3rd quarter worth $25,000. Shcp LLC bought a new stake in shares of Invesco QQQ in the 3rd quarter worth $27,000. Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of Invesco QQQ by 2,150.0% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 43 shares in the last quarter. Rachor Investment Advisory Services LLC bought a new stake in shares of Invesco QQQ in the 4th quarter worth $29,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in shares of Invesco QQQ in the 3rd quarter worth $40,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ News Summary

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

• Positive Sentiment: One article noted that the Invesco QQQ Trust has quietly outperformed the Vanguard S&P 500 ETF over the last decade, reinforcing the ETF’s reputation as a strong way to own U.S. growth leaders. Article Title
• Positive Sentiment: A broad-market update said exchange-traded funds edged higher and U.S. equities were mixed, suggesting the overall market backdrop remains supportive for QQQ’s large tech-heavy holdings. Article Title
• Neutral Sentiment: Articles on the Nasdaq’s long-term real returns and the continuing strength of the “old bull” frame QQQ as part of a durable growth trend, but they do not point to a clear near-term catalyst. Article Title Article Title
• Neutral Sentiment: Several commentary pieces focused on sentiment indicators and job data, which may influence rate expectations and growth stocks, but the impact on QQQ is indirect. Article Title Article Title
• Negative Sentiment: Multiple reports warned that AI and chip stocks may be in bubble territory, with one article saying the AI rally is even bigger than the dot-com era and another arguing a market top may be forming. That kind of valuation concern can pressure QQQ because of its heavy exposure to mega-cap tech. Article Title Article Title
• Negative Sentiment: Other commentary warned investors to take chips off the table, cash in tech gains, and move toward lower-volatility ETFs, signaling rotation away from growth names like those in QQQ. Article Title Article Title Article Title

Invesco QQQ Price Performance

QQQ opened at $740.61 on Friday. Invesco QQQ has a one year low of $522.66 and a one year high of $748.65. The stock’s fifty day moving average is $664.57 and its 200-day moving average is $630.59.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a $0.7328 dividend. This represents a $2.93 dividend on an annualized basis and a dividend 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.