1,677 Shares in Invesco QQQ $QQQ Bought by RKL Wealth Management LLC

RKL Wealth Management LLC purchased a new position in shares of Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, Holdings Channel.com reports. The firm purchased 1,677 shares of the exchange traded fund’s stock, valued at approximately $1,030,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of QQQ. SG Americas Securities LLC raised its stake in Invesco QQQ by 120.2% during the 4th quarter. SG Americas Securities LLC now owns 213,722 shares of the exchange traded fund’s stock worth $131,292,000 after acquiring an additional 1,270,102 shares in the last quarter. Analyst IMS Investment Management Services Ltd. raised its stake in Invesco QQQ by 68.6% during the 4th quarter. Analyst IMS Investment Management Services Ltd. now owns 1,750,079 shares of the exchange traded fund’s stock worth $1,075,091,000 after acquiring an additional 712,026 shares in the last quarter. Axxcess Wealth Management LLC raised its stake in Invesco QQQ by 1,216.9% during the 4th quarter. Axxcess Wealth Management LLC now owns 561,706 shares of the exchange traded fund’s stock worth $345,070,000 after acquiring an additional 519,051 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Invesco QQQ by 11.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,547,591 shares of the exchange traded fund’s stock worth $2,179,321,000 after acquiring an additional 375,581 shares in the last quarter. Finally, NorthRock Partners LLC raised its stake in Invesco QQQ by 1,355.6% during the 3rd quarter. NorthRock Partners LLC now owns 304,852 shares of the exchange traded fund’s stock worth $183,024,000 after acquiring an additional 283,909 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 3.4%

Shares of NASDAQ:QQQ opened at $717.12 on Friday. The company’s fifty day moving average price is $678.17 and its 200 day moving average price is $634.57. Invesco QQQ has a 12 month low of $523.65 and a 12 month high of $748.65.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a $0.7328 dividend. The ex-dividend date was Monday, March 23rd. This represents a $2.93 dividend on an annualized basis and a yield of 0.4%.

Key Invesco QQQ News

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

• Positive Sentiment: Broad-market ETFs and U.S. equities were higher into midday, supporting Nasdaq-heavy funds like QQQ as investors rotated back into stocks. Exchange-Traded Funds Rise as US Equities Advance After Midday
• Positive Sentiment: Commentary on accelerating Q2 growth and a resilient U.S. economy is reinforcing the case for cyclical and growth assets, which tends to benefit QQQ’s heavy exposure to mega-cap technology. Nowcast Data Suggest U.S. Growth Is Accelerating In Q2
• Positive Sentiment: Multiple articles highlighted the Nasdaq-100’s upside potential versus broader indexes, keeping attention on QQQ as a leading way to own big tech and growth stocks. Should You Invest in the S&P 500 or the Nasdaq-100 Right Now?
• Neutral Sentiment: Several pieces compared QQQ with other ETFs such as QQQM and VGT, but these were mostly watchlist-style and educational articles rather than direct catalysts for the fund. QQQ vs. QQQM: Same Index, So Which One Should You Actually Buy?
• Negative Sentiment: Hotter-than-expected CPI and renewed inflation concerns could keep pressure on rate-sensitive growth stocks if investors fear the Fed stays restrictive for longer. CPI Inflation Rate +4.2%: Hottest in 3 Years
• Negative Sentiment: Articles warning that inflation and geopolitical tensions may weigh on markets suggest some downside risk for QQQ if sentiment turns defensive. Markets Turn To The Downside Amid Geopolitical Tensions And Rising Inflation

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.