Phoenix Financial Ltd. Has $7.79 Million Holdings in Invesco QQQ $QQQ

Phoenix Financial Ltd. lessened its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 91.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,682 shares of the exchange traded fund’s stock after selling 137,717 shares during the period. Phoenix Financial Ltd.’s holdings in Invesco QQQ were worth $7,787,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Well Done LLC lifted its holdings in shares of Invesco QQQ by 0.5% during the fourth quarter. Well Done LLC now owns 3,439 shares of the exchange traded fund’s stock worth $2,113,000 after purchasing an additional 16 shares during the period. Investment Management Corp VA ADV lifted its holdings in shares of Invesco QQQ by 1.6% during the third quarter. Investment Management Corp VA ADV now owns 1,110 shares of the exchange traded fund’s stock worth $667,000 after purchasing an additional 17 shares during the period. Tenon Financial LLC lifted its holdings in shares of Invesco QQQ by 2.2% during the fourth quarter. Tenon Financial LLC now owns 805 shares of the exchange traded fund’s stock worth $494,000 after purchasing an additional 17 shares during the period. SJS Investment Consulting Inc. lifted its holdings in shares of Invesco QQQ by 1.7% during the fourth quarter. SJS Investment Consulting Inc. now owns 1,017 shares of the exchange traded fund’s stock worth $625,000 after purchasing an additional 17 shares during the period. Finally, Cascade Investment Group Inc. lifted its holdings in shares of Invesco QQQ by 4.6% during the fourth quarter. Cascade Investment Group Inc. now owns 388 shares of the exchange traded fund’s stock worth $238,000 after purchasing an additional 17 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.7%

Shares of NASDAQ:QQQ opened at $719.79 on Friday. Invesco QQQ has a 52 week low of $505.58 and a 52 week high of $722.03. The firm’s fifty day moving average is $626.42 and its 200-day moving average is $619.64.

Invesco QQQ Cuts Dividend

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

More Invesco QQQ News

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

• Positive Sentiment: QQQ is benefiting from strength in tech and semiconductors, with the Nasdaq 100 advancing despite hotter inflation data. Stock Market Today: Nasdaq 100 Rises Despite Hot PPI, Nvidia Hits Record High
• Positive Sentiment: Invesco’s QQQ saw a jump in assets under management in April, indicating strong investor demand for the fund and continued capital flowing into Nasdaq-100 exposure. Invesco’s QQQ AUM jumps 18% in April amid market gains
• Positive Sentiment: ETF flow data showed Invesco pulling in billions across its lineup, reinforcing that investors are still allocating heavily to passive equity funds. ETF League Tables: Invesco Pulls In $4.9B
• Neutral Sentiment: Several articles discussed QQQ versus alternatives like QQQM and VOO, reflecting ongoing investor debate about valuation, concentration risk, and whether QQQ remains the best long-term choice. QQQ vs. VOO — Which ETF Should Investors Buy Now?
• Neutral Sentiment: Commentary about a potential SpaceX IPO and broader market plumbing may affect index flows, but it is indirect and not a primary driver of QQQ today. SpaceX IPO Will Force Index Funds to Buy $7 Billion in One Day. What Happens to Nasdaq Next.

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.