Lazard Freres Gestion S.A.S. lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 161.6% during the fourth quarter, HoldingsChannel reports. The firm owned 4,283 shares of the exchange traded fund’s stock after acquiring an additional 2,646 shares during the quarter. Lazard Freres Gestion S.A.S.’s holdings in Invesco QQQ were worth $2,631,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in QQQ. Goodman Advisory Group LLC bought a new stake in Invesco QQQ in the 3rd quarter valued at $25,000. Shcp LLC bought a new stake in Invesco QQQ in the 3rd quarter valued at $27,000. Rachor Investment Advisory Services LLC bought a new stake in Invesco QQQ in the 4th quarter valued at $29,000. Measured Wealth Private Client Group LLC bought a new stake in Invesco QQQ in the 3rd quarter valued at $40,000. Finally, Morgan Dempsey Capital Management LLC raised its stake in Invesco QQQ by 45.5% in the 3rd 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 during the period. Institutional investors own 44.58% of the company’s stock.
Invesco QQQ News Roundup
Here are the key news stories impacting Invesco QQQ this week:
- Neutral Sentiment: Analysts highlighted that Nvidia’s upcoming earnings could be a major catalyst for QQQ and the AI trade, with investors watching closely for signs that big-cap tech can keep driving the market. What Nvidia Earnings Mean for VOO and QQQ
- Neutral Sentiment: One market update said the structural uptrend is still intact, but traders are becoming more selective as the AI rally shows signs of broadening fatigue. Retail Returns, Momo Retreats, NVIDIA Looms
- Neutral Sentiment: ETF commentary noted that QQQ remains a strong long-term technology vehicle and has historically beaten broader growth funds, reinforcing its role as a core tech holding. MGK vs. QQQ: Which Tech-Stock ETF Is a Better Buy?
- Negative Sentiment: Multiple articles pointed to weaker ETF and equity prices, with broad-market funds slipping and investors rotating away from risk assets, which can pressure QQQ. Exchange-Traded Funds Decline, US Equities Drop After Midday
- Negative Sentiment: Commentary warned that rising Treasury yields and renewed Fed rate-hike fears could hit high-growth tech valuations, a headwind for QQQ. Fed Rate Hike Fears: Rippling Through ETF Flows
- Negative Sentiment: Several opinion pieces argued that the AI-led rally is showing cracks and that investors should reduce risk into strength, adding to selling pressure in Nasdaq-linked funds like QQQ. Cracks Forming Within The AI Narrative Powering The Market Rally
Invesco QQQ Stock Performance
Invesco QQQ Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a $0.7328 dividend. This represents a $2.93 dividend on an annualized basis and a 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.
Further Reading
- Five stocks we like better than Invesco QQQ
- HIVE Weaponizes Power for an AI Pivot
- A Deep Dive Into NVIDIA’s Latest Portfolio Moves
- Brady Corp Wires Up a Massive AI-Powered Breakout
- Why Home Depot’s Sell-Off Could Become a Huge Opportunity
Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ – Free Report).
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