West Michigan Advisors LLC raised its position in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 66.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,314 shares of the exchange traded fund’s stock after purchasing an additional 1,722 shares during the quarter. West Michigan Advisors LLC’s holdings in Invesco QQQ were worth $2,650,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in QQQ. Brighton Jones LLC boosted its stake in Invesco QQQ by 15.0% during the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock valued at $19,605,000 after purchasing an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in Invesco QQQ by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock valued at $2,687,000 after purchasing an additional 176 shares in the last quarter. Jupiter Wealth Management LLC bought a new position in Invesco QQQ during the 2nd quarter valued at $290,000. Wealth Group Ltd. lifted its position in shares of Invesco QQQ by 283.7% during the 2nd quarter. Wealth Group Ltd. now owns 24,629 shares of the exchange traded fund’s stock valued at $13,587,000 after acquiring an additional 18,210 shares during the last quarter. Finally, Invesco Ltd. lifted its position in shares of Invesco QQQ by 1,057.3% during the 2nd quarter. Invesco Ltd. now owns 33,063 shares of the exchange traded fund’s stock valued at $18,239,000 after acquiring an additional 30,206 shares during the last quarter. 44.58% of the stock is owned by institutional investors.
Invesco QQQ News Roundup
Here are the key news stories impacting Invesco QQQ this week:
- Positive Sentiment: Semiconductor optimism (Intel’s strong outlook) lifted tech sentiment and helped support Nasdaq-weighted ETFs, giving upside momentum to QQQ’s largest sector. Dow futures tumble 130 points: 5 things to know before market opens
- Positive Sentiment: Broad Nasdaq strength: the Nasdaq‑100 has cleared prior highs and posted an extended streak of gains — a technical backdrop that supports QQQ flows and ETF demand. A Nasdaq Comeback
- Positive Sentiment: Investor sentiment surveys show a pickup in optimism, which can bolster risk-on positioning into large-cap tech ETFs like QQQ. AAII Sentiment Survey: Optimism Roars
- Positive Sentiment: Broad ETF flows and intraday ETF gains reflected continued demand for major equity ETFs, supporting QQQ liquidity and price. Exchange-Traded Funds Rise as US Equities Advance After Midday
- Neutral Sentiment: Technical uncertainty: analysis flags two divergent scenarios for QQQ — a sharp correction reminiscent of historical extremes or a clean technical breakout — which increases short‑term volatility risk. The QQQ Chart Hints at 2 Extremes: Either a Dot-Com Bubble Burst or a Technical Breakout Ahead
- Neutral Sentiment: Tesla earnings and concentration risk: large-cap ETF exposures (notably Tesla weightings) could swing flows and headline volatility that indirectly affect QQQ. Major ETFs Face Tesla Earnings Test Amid AI Pivot
- Negative Sentiment: Geopolitical risk: renewed U.S.–Iran tensions have lifted VIX and prompted risk‑off moves that weigh on growth‑sensitive tech names inside QQQ. VIX Creeps Toward 20 as Iran Fears and Tesla’s Whipsaw Rattle Nerves
- Negative Sentiment: Fed hawkishness: commentary and previews warning of persistent inflation and potential further hikes raise the cost of capital for growth stocks, pressuring QQQ. The Fed Preview – Brace For Hikes, Inflation Is Likely Persistent
- Negative Sentiment: Rising oil: higher oil prices risk slowing growth and can sap risk appetite for tech-heavy ETFs. Oil Up, S&P 500 Up
Invesco QQQ Trading Down 0.6%
Invesco QQQ Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders 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 dividend yield of 0.4%. The ex-dividend date was Monday, March 23rd.
About Invesco QQQ
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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