56,042 Shares in Invesco QQQ $QQQ Bought by Harvest Investment Advisors LLC

Harvest Investment Advisors LLC acquired a new position in shares of Invesco QQQ (NASDAQ:QQQ) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 56,042 shares of the exchange traded fund’s stock, valued at approximately $34,427,000. Invesco QQQ makes up approximately 19.5% of Harvest Investment Advisors LLC’s portfolio, making the stock its largest holding.

Several other large investors have also made changes to their positions in QQQ. Goodman Advisory Group LLC bought a new stake in shares of Invesco QQQ in the 3rd quarter valued at approximately $25,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Invesco QQQ in the 4th quarter valued at approximately $25,000. Shcp LLC bought a new stake in shares of Invesco QQQ in the 3rd quarter valued at approximately $27,000. Annis Gardner Whiting Capital Advisors LLC grew its stake in shares of Invesco QQQ by 2,150.0% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock valued at $28,000 after buying an additional 43 shares in the last quarter. Finally, Rachor Investment Advisory Services LLC bought a new stake in shares of Invesco QQQ in the 4th quarter valued at approximately $29,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $729.86 on Wednesday. The business has a 50 day simple moving average of $686.99 and a 200 day simple moving average of $637.15. Invesco QQQ has a 52 week low of $523.65 and a 52 week high of $748.65.

Invesco QQQ Cuts Dividend

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

Key Invesco QQQ News

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

• Positive Sentiment: Major U.S. equity indexes, including the Nasdaq 100, were higher earlier in the session, suggesting some support for QQQ from the broader market rebound. Article Title
• Positive Sentiment: Cheaper oil after the Iran deal could help reduce inflation pressure and improve sentiment for rate-sensitive growth stocks held in QQQ. Article Title
• Neutral Sentiment: Articles comparing QQQ with other ETFs, including quantum-computing and AI-focused funds, highlight investor interest in tech exposure but do not point to a direct catalyst for the ETF itself. Article Title
• Neutral Sentiment: Commentary on QQQ’s AI exposure and recent relative performance versus specialized AI ETFs may keep attention on the fund, but it is mostly a valuation discussion rather than a new fundamental driver. Article Title
• Negative Sentiment: Several market commentary pieces point to the Nasdaq and broader indices taking a breather after the prior rally, which can weigh on QQQ in the near term. Article Title
• Negative Sentiment: Concerns about inflation, Fed policy, housing weakness, and potential market “trap” risks add caution for investors in growth-heavy Nasdaq holdings like QQQ. Article Title

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.