Hudock Inc. Cuts Stake in Invesco QQQ $QQQ

Hudock Inc. lessened its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,115 shares of the exchange traded fund’s stock after selling 812 shares during the period. Invesco QQQ accounts for about 4.2% of Hudock Inc.’s investment portfolio, making the stock its 6th biggest holding. Hudock Inc.’s holdings in Invesco QQQ were worth $28,329,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Goodman Advisory Group LLC bought a new stake in shares of Invesco QQQ during the third quarter valued at approximately $25,000. Shcp LLC bought a new stake in shares of Invesco QQQ during the third quarter valued at approximately $27,000. Annis Gardner Whiting Capital Advisors LLC raised its holdings in shares of Invesco QQQ by 2,150.0% during the fourth 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 during the last quarter. Rachor Investment Advisory Services LLC bought a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $29,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in shares of Invesco QQQ during the third quarter valued at approximately $40,000. Institutional investors own 44.58% of the company’s stock.

Trending Headlines about Invesco QQQ

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

• Positive Sentiment: Broad-market ETFs and U.S. equities were higher into midday, supporting Nasdaq-heavy funds like QQQ as investors rotated back into stocks. Exchange-Traded Funds Rise as US Equities Advance After Midday
• Positive Sentiment: Commentary on accelerating Q2 growth and a resilient U.S. economy is reinforcing the case for cyclical and growth assets, which tends to benefit QQQ’s heavy exposure to mega-cap technology. Nowcast Data Suggest U.S. Growth Is Accelerating In Q2
• Positive Sentiment: Multiple articles highlighted the Nasdaq-100’s upside potential versus broader indexes, keeping attention on QQQ as a leading way to own big tech and growth stocks. Should You Invest in the S&P 500 or the Nasdaq-100 Right Now?
• Neutral Sentiment: Several pieces compared QQQ with other ETFs such as QQQM and VGT, but these were mostly watchlist-style and educational articles rather than direct catalysts for the fund. QQQ vs. QQQM: Same Index, So Which One Should You Actually Buy?
• Negative Sentiment: Hotter-than-expected CPI and renewed inflation concerns could keep pressure on rate-sensitive growth stocks if investors fear the Fed stays restrictive for longer. CPI Inflation Rate +4.2%: Hottest in 3 Years
• Negative Sentiment: Articles warning that inflation and geopolitical tensions may weigh on markets suggest some downside risk for QQQ if sentiment turns defensive. Markets Turn To The Downside Amid Geopolitical Tensions And Rising Inflation

Invesco QQQ Stock Up 3.4%

QQQ opened at $717.12 on Friday. The business’s 50 day moving average is $678.17 and its 200-day moving average is $634.57. Invesco QQQ has a twelve month low of $523.65 and a twelve month high of $748.65.

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 dividend of $0.7328 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.93 annualized dividend and a yield of 0.4%.

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.