Providence First Trust Co Has $875,000 Stake in Invesco QQQ $QQQ

Providence First Trust Co reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 79.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,458 shares of the exchange traded fund’s stock after selling 5,622 shares during the period. Providence First Trust Co’s holdings in Invesco QQQ were worth $875,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of QQQ. Fifth Third Securities Inc. lifted its position in shares of Invesco QQQ by 2.6% during the 3rd quarter. Fifth Third Securities Inc. now owns 109,863 shares of the exchange traded fund’s stock valued at $65,959,000 after acquiring an additional 2,822 shares during the period. SK Wealth Management LLC acquired a new stake in Invesco QQQ in the third quarter worth $803,000. Great Point Wealth Advisors LLC bought a new stake in Invesco QQQ in the third quarter valued at $507,000. BCGM Wealth Management LLC raised its holdings in shares of Invesco QQQ by 13.6% during the second quarter. BCGM Wealth Management LLC now owns 25,597 shares of the exchange traded fund’s stock valued at $14,120,000 after purchasing an additional 3,066 shares during the period. Finally, Prospect Financial Services LLC raised its holdings in shares of Invesco QQQ by 9.1% during the second quarter. Prospect Financial Services LLC now owns 11,765 shares of the exchange traded fund’s stock valued at $6,490,000 after purchasing an additional 986 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ News Roundup

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

• Positive Sentiment: Invesco’s related product, the Invesco QQQ Income Advantage ETF, declared a monthly distribution of $0.4602 — a signal that the QQQ family is supporting yield-focused investors and may help attract income-oriented flows into the suite of QQQ products. Invesco QQQ Income Advantage ETF distribution
• Positive Sentiment: Macro support for ETFs continues: a video/interview highlights record ETF inflows and why investors keep allocating to ETFs — a backdrop that benefits flagship products like QQQ through ongoing passive and advisory flows. Why investors are still betting big on ETFs
• Positive Sentiment: Institutional buying: J. Safra Asset Management increased its stake in QQQ (13F filing), indicating continued interest from large managers in the Nasdaq?100 exposure QQQ offers. Institutional accumulation can support price. J.Safra stake in QQQ
• Neutral Sentiment: Analyst & market commentary: several Seeking Alpha pieces and TipRanks’ daily update note mixed technicals and thematic drivers (AI, small-cap dynamics), with TipRanks reporting a small prior-day dip — useful context but not a direct catalyst. QQQ Daily Update
• Neutral Sentiment: AI concentration risk vs. reward: coverage notes the market may hinge on OpenAI/AI earnings in coming quarters — a tailwind if results impress, or a constraint if AI earnings disappoint. Given QQQ’s heavy AI/tech exposure, this is a high?impact but uncertain factor. Market Could Hinge On OpenAI
• Negative Sentiment: Interest?rate pressure: commentary that Treasury yields may be poised to break out is a negative for long-duration growth stocks concentrated in QQQ; rising yields typically weigh on mega?cap tech multiples. Treasury Rates May Be About To Break Out
• Negative Sentiment: Rotation risk to small caps: pieces examining small?cap strength warn that if small caps continue to outperform into month/year?start, flows could shift away from Nasdaq?heavy QQQ toward cyclical/small?cap exposure. Small Caps vs QQQ

Invesco QQQ Stock Performance

Shares of QQQ opened at $621.26 on Tuesday. The stock has a 50-day moving average of $616.36 and a 200-day moving average of $596.54. Invesco QQQ has a one year low of $402.39 and a one year high of $637.01.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were paid a $0.7941 dividend. This represents a $3.18 dividend on an annualized basis and a yield of 0.5%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend was Monday, December 22nd.

Invesco QQQ Company 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.