Investment Partners LTD. Acquires 796 Shares of Invesco QQQ $QQQ

Investment Partners LTD. boosted its holdings in Invesco QQQ (NASDAQ:QQQ) by 28.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 3,546 shares of the exchange traded fund’s stock after buying an additional 796 shares during the period. Investment Partners LTD.’s holdings in Invesco QQQ were worth $2,179,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Novak & Powell Financial Services Inc. lifted its position in 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 acquiring an additional 859 shares in the last quarter. Foundations Investment Advisors LLC lifted its position in 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 acquiring an additional 29,942 shares in the last quarter. Baker Avenue Asset Management LP lifted its position 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 valued at $61,463,000 after acquiring an additional 347 shares in the last quarter. Godfrey Financial Associates Inc. bought a new position in Invesco QQQ in the 4th quarter valued at approximately $249,000. Finally, MidAtlantic Capital Management Inc. bought a new position in Invesco QQQ in the 4th quarter valued at approximately $111,000. 44.58% of the stock is owned by institutional investors.

Key Stories Impacting Invesco QQQ

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 Stock Up 0.8%

QQQ stock opened at $735.60 on Friday. Invesco QQQ has a 12-month low of $511.93 and a 12-month high of $736.60. The stock’s 50 day simple moving average is $649.16 and its 200 day simple moving average is $626.16.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued 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.

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.