Invesco QQQ $QQQ Shares Acquired by Pinkerton Wealth LLC

Pinkerton Wealth LLC lifted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 4.8% during the fourth quarter, HoldingsChannel reports. The firm owned 44,868 shares of the exchange traded fund’s stock after purchasing an additional 2,043 shares during the quarter. Invesco QQQ comprises about 2.8% of Pinkerton Wealth LLC’s holdings, making the stock its 11th largest holding. Pinkerton Wealth LLC’s holdings in Invesco QQQ were worth $27,563,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Goodman Advisory Group LLC acquired a new stake in Invesco QQQ in the third quarter valued at $25,000. Shcp LLC acquired a new stake in Invesco QQQ in the third quarter valued at $27,000. Rachor Investment Advisory Services LLC acquired a new stake in Invesco QQQ in the fourth quarter valued at $29,000. Measured Wealth Private Client Group LLC acquired a new stake in Invesco QQQ in the third quarter valued at $40,000. Finally, Morgan Dempsey Capital Management LLC raised its holdings in Invesco QQQ by 45.5% in the third 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 in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Invesco QQQ

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

• Positive Sentiment: Recent coverage says QQQ’s concentrated exposure to the biggest AI beneficiaries is outperforming equal-weight Nasdaq alternatives, reinforcing the fund’s leadership as investors keep rewarding large-cap tech. The AI Capex Cycle Is Crushing Equal-Weight NASDAQ. Here’s Why QQQ’s Concentration Bet Is Winning
• Positive Sentiment: Commentary around Nvidia’s upcoming earnings says the report could be a major catalyst for QQQ because the ETF has heavy exposure to the AI leader and other megacap chip-related names. What Nvidia Earnings Mean for VOO and QQQ
• Neutral Sentiment: Some market strategists still see opportunities in emerging markets and other areas outside the U.S. tech complex, which could compete with flows into QQQ if investors rotate away from the Nasdaq. Emerging markets could soar this year, says CIO
• Negative Sentiment: Several articles warn that profit-taking, valuation concerns, and possible market broadening could pressure QQQ if investors move out of the biggest tech winners. Don’t Mistake Profit Taking For A Regime Change: This Ain’t Market Broadening
• Negative Sentiment: ETF-flow commentary notes rising rate fears and higher bond yields are creating headwinds for growth stocks, which could weigh on QQQ’s tech-heavy portfolio. Fed Rate Hike Fears: Rippling Through ETF Flows

Invesco QQQ Stock Up 1.7%

QQQ opened at $713.15 on Thursday. The firm’s fifty day moving average price is $634.47 and its 200 day moving average price is $621.80. Invesco QQQ has a 12-month low of $505.58 and a 12-month high of $722.03.

Invesco QQQ Cuts Dividend

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

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.