Savant Capital LLC Purchases 12,418 Shares of Invesco QQQ $QQQ

Savant Capital LLC grew its position in Invesco QQQ (NASDAQ:QQQ) by 27.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 57,093 shares of the exchange traded fund’s stock after buying an additional 12,418 shares during the period. Savant Capital LLC’s holdings in Invesco QQQ were worth $35,073,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. EagleClaw Capital Managment LLC boosted its holdings in shares of Invesco QQQ by 19.5% in the 4th quarter. EagleClaw Capital Managment LLC now owns 735 shares of the exchange traded fund’s stock valued at $452,000 after buying an additional 120 shares in the last quarter. Investment Partners LTD. boosted its holdings in shares of Invesco QQQ by 28.9% in the 4th quarter. Investment Partners LTD. now owns 3,546 shares of the exchange traded fund’s stock valued at $2,179,000 after buying an additional 796 shares in the last quarter. Novak & Powell Financial Services Inc. boosted its holdings in shares of Invesco QQQ by 4.3% in the 4th quarter. Novak & Powell Financial Services Inc. now owns 20,629 shares of the exchange traded fund’s stock valued at $12,672,000 after buying an additional 859 shares in the last quarter. Foundations Investment Advisors LLC boosted its holdings in shares of Invesco QQQ by 25.5% in the 4th quarter. Foundations Investment Advisors LLC now owns 147,134 shares of the exchange traded fund’s stock valued at $90,386,000 after buying an additional 29,942 shares in the last quarter. Finally, Baker Avenue Asset Management LP boosted its stake in Invesco QQQ by 0.3% in the 4th quarter. Baker Avenue Asset Management LP now owns 100,053 shares of the exchange traded fund’s stock worth $61,463,000 after purchasing an additional 347 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Key Invesco QQQ News

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

• Positive Sentiment: Tech and Nasdaq futures have been firm, with AI-driven strength offsetting geopolitical worries and supporting the Nasdaq 100, which QQQ tracks. S&P 500, Nasdaq, Dow Futures Rise As AI-Driven Tech Rally Overpowers ‘Defensive’ Iran Strikes: ONDS, NBIS, RCAT, SNOW In Focus
• Positive Sentiment: Market commentary points to ongoing institutional buying in technology, which can continue to benefit broad tech ETFs like Invesco QQQ Trust (QQQ). Institutional Order Flows Expand As Technology And Aerospace Drive Market Activity
• Neutral Sentiment: Short-interest data showed no meaningful short position in QQQ, so there is no major bearish positioning signal driving the fund today.
• Neutral Sentiment: Several market pieces discussed the broader shift toward value ETFs and ETF growth overall, but these were mostly general commentary and not a direct negative for QQQ. Vanguard’s Value ETF May Soon Outperform Your Tech Holdings as “The Great Migration” Accelerates
• Negative Sentiment: Some commentary noted that Nasdaq strength has been uneven at times, with weakness in chips and caution around market breadth, which could temper gains for QQQ if tech leadership narrows. Dow Closes At Record Highs On Iran Truce Optimism, While Nasdaq Snaps Four-Day Win Streak On Weak Chip Stocks

Invesco QQQ Trading Up 0.8%

QQQ stock opened at $735.60 on Friday. The firm has a 50 day moving average of $649.16 and a 200 day moving average of $626.16. Invesco QQQ has a 52 week low of $511.93 and a 52 week high of $736.60.

Invesco QQQ Cuts Dividend

The business also recently disclosed 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 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.