JW Asset Management LLC Takes $614,000 Position in Invesco QQQ $QQQ

JW Asset Management LLC acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,000 shares of the exchange traded fund’s stock, valued at approximately $614,000. Invesco QQQ comprises about 0.2% of JW Asset Management LLC’s portfolio, making the stock its 16th largest position.

Other hedge funds have also made changes to their positions in the company. Goodman Advisory Group LLC acquired a new position in shares of Invesco QQQ during the 3rd quarter valued at about $25,000. Shcp LLC acquired a new position in shares of Invesco QQQ during the 3rd quarter valued at about $27,000. Rachor Investment Advisory Services LLC acquired a new position in shares of Invesco QQQ during the 4th quarter valued at about $29,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Invesco QQQ during the 3rd quarter valued at about $40,000. Finally, Morgan Dempsey Capital Management LLC increased its holdings in shares of Invesco QQQ by 45.5% during 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 last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

More Invesco QQQ News

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

• Positive Sentiment: NVIDIA’s shareholder returns and AI growth are lifting sentiment toward Nvidia-heavy ETFs such as QQQ, which could help the fund as investors continue to favor large-cap tech exposure. NVIDIA Ramps Up Shareholder Returns: ETFs in Focus
• Positive Sentiment: Market commentary suggested QQQ’s concentration in leaders like NVIDIA, Apple, and Microsoft has been a tailwind during the AI spending boom, reinforcing the ETF’s appeal versus equal-weight Nasdaq products. The AI Capex Cycle Is Crushing Equal-Weight NASDAQ. Here’s Why QQQ’s Concentration Bet Is Winning
• Neutral Sentiment: Broader market articles noted mixed ETF performance and a midday pullback in U.S. equities, which may be limiting upside for QQQ even as growth stocks remain in focus. Exchange-Traded Funds Mixed, US Equities Decline After Midday
• Neutral Sentiment: Several market-commentary pieces pointed to investor caution ahead of key macro and earnings catalysts, suggesting sentiment toward QQQ remains mixed rather than broadly bearish. Dow Jones, Nasdaq And S&P 500 Intraday Levels – Stock Markets Stall, Too Early For The Deal?

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $714.51 on Friday. The business’s 50-day simple moving average is $636.60 and its 200-day simple moving average is $622.40. Invesco QQQ has a 52 week low of $505.58 and a 52 week high of $722.03.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a dividend of $0.7328 per share. The ex-dividend date 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.