Plan Group Financial LLC lessened its position in Invesco QQQ (NASDAQ:QQQ – Free Report) by 69.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,208 shares of the exchange traded fund’s stock after selling 7,446 shares during the quarter. Plan Group Financial LLC’s holdings in Invesco QQQ were worth $1,971,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the business. Sovran Advisors LLC grew its holdings in shares of Invesco QQQ by 8.0% during the 4th quarter. Sovran Advisors LLC now owns 18,032 shares of the exchange traded fund’s stock worth $11,212,000 after purchasing an additional 1,340 shares during the period. Corepath Wealth Partners LLC grew its holdings in Invesco QQQ by 19.7% during the 4th quarter. Corepath Wealth Partners LLC now owns 8,723 shares of the exchange traded fund’s stock worth $5,471,000 after acquiring an additional 1,436 shares in the last quarter. Great Point Wealth Advisors LLC purchased a new stake in shares of Invesco QQQ in the 3rd quarter valued at approximately $507,000. Strengthening Families & Communities LLC purchased a new stake in shares of Invesco QQQ in the 3rd quarter valued at approximately $10,771,000. Finally, Cane Capital Partners LLC acquired a new stake in shares of Invesco QQQ in the 4th quarter valued at $715,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.
Key Invesco QQQ News
Here are the key news stories impacting Invesco QQQ this week:
- Positive Sentiment: Large, rapid inflows into QQQ — about $10B over the last 21 days — are creating direct buying pressure on the ETF and its underlying Nasdaq-100 holdings, a primary reason shares are higher today. Nasdaq 100 ETF QQQ Records Third-Largest 21-Day Inflows Ever As Investors Rush Back Into US Stocks
- Positive Sentiment: Invesco’s recent quarterly results topped forecasts on the back of ETF inflows, reinforcing confidence in the firm’s ETF franchise and supporting demand for QQQ. Invesco Q1 results edge past forecasts on ETF inflows
- Positive Sentiment: Options-market activity shows bullish positioning around QQQ (call buying and breakout continuation trades), signaling traders expect further upside and helping lift the ETF’s price. QQQ Cannot Be Stopped: How Options Traders Are Reacting
- Neutral Sentiment: Broad-market ETF demand is rising alongside equities, which helps QQQ but is not unique to the Nasdaq-100; the move may reflect sector rotation and broader risk-on flows. Exchange-Traded Funds Rise as US Equities Climb After Midday
- Neutral Sentiment: ETF inflows into U.S. funds picked up in April ($174B reported), providing macro tailwinds for equity ETFs like QQQ but also signaling broad demand across many funds. ETF inflows surge: U.S. funds pull in $174B in April as equity demand accelerates
- Negative Sentiment: Some alternative ETFs (including high-dividend and equal-weight Nasdaq products) have recently outpaced or drawn investor attention away from QQQ, highlighting potential competition for flows if rotation continues. This ETF Is Are Outpacing Tech Stocks While Paying High Dividends
- Negative Sentiment: Today’s trading volume is below the ETF’s 3-month average, which could indicate less conviction behind the move and increase the risk of short-term reversals.
Invesco QQQ Stock Up 2.1%
Invesco QQQ Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were issued a dividend of $0.7328 per share. This represents a $2.93 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, March 23rd.
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.
Further Reading
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