Rollins Financial Advisors LLC Decreases Position in Invesco QQQ $QQQ

Rollins Financial Advisors LLC trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ) by 6.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 118,531 shares of the exchange traded fund’s stock after selling 8,852 shares during the quarter. Invesco QQQ makes up about 10.7% of Rollins Financial Advisors LLC’s investment portfolio, making the stock its biggest position. Rollins Financial Advisors LLC’s holdings in Invesco QQQ were worth $72,815,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Goodman Advisory Group LLC bought a new stake in Invesco QQQ during the third quarter worth about $25,000. Shcp LLC bought a new stake in shares of Invesco QQQ during the third quarter valued at approximately $27,000. Rachor Investment Advisory Services LLC bought a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $29,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Invesco QQQ during the third quarter valued at approximately $40,000. Finally, Morgan Dempsey Capital Management LLC grew its stake in shares of Invesco QQQ by 45.5% during the third quarter. Morgan Dempsey Capital Management LLC now owns 80 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 25 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

QQQ opened at $707.24 on Wednesday. Invesco QQQ has a one year low of $505.58 and a one year high of $714.59. The company’s 50 day simple moving average is $621.92 and its 200-day simple moving average is $618.18.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a dividend of $0.7328 per share. This represents a $2.93 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, March 23rd.

Invesco QQQ News Summary

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

• Positive Sentiment: QQQ is benefiting from renewed appetite for AI and semiconductor stocks, with articles noting that chip stocks have been outperforming software and that QQQ offers exposure to both groups. Chip Stocks Have Been Crushing Software. Here’s How to Play Both.
• Positive Sentiment: Market sentiment has improved as cooling geopolitical tensions, resilient employment data, and AI enthusiasm pushed risk assets higher, supporting the Nasdaq and QQQ. The Zacks Analyst Blog QQQ, DIA, DRAM, WGMI, EWY, DIME and BKCH
• Positive Sentiment: Analysts and market commentary also described the broader move as a “risk-on” trade, which tends to favor growth-heavy ETFs like QQQ. Time for Risk-On Trades? ETFs in Focus
• Neutral Sentiment: QQQ reached a new 12-month high, but recent commentary suggests some of the rally is already well-established, which may leave the ETF vulnerable if momentum in megacap tech slows. Invesco QQQ (NASDAQ:QQQ) Sets New 12-Month High – What’s Next?
• Negative Sentiment: Some articles warn that the AI trade is becoming crowded and heavily dependent on semiconductor leadership, meaning QQQ could face sharper pullbacks if chip momentum fades. GPTY Owns The Hottest AI Trade – That’s The Problem

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.