Lloyd Advisory Services LLC. cut its stake in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 91.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 225 shares of the exchange traded fund’s stock after selling 2,340 shares during the quarter. Lloyd Advisory Services LLC.’s holdings in Invesco QQQ were worth $138,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Orange Investment Advisors Inc. grew its position in shares of Invesco QQQ by 4.6% during the fourth quarter. Orange Investment Advisors Inc. now owns 2,867 shares of the exchange traded fund’s stock worth $1,761,000 after buying an additional 127 shares in the last quarter. Keudell Morrison Wealth Management acquired a new position in shares of Invesco QQQ during the fourth quarter worth about $3,847,000. Ignite Planners LLC grew its position in shares of Invesco QQQ by 1.7% during the fourth quarter. Ignite Planners LLC now owns 8,342 shares of the exchange traded fund’s stock worth $5,188,000 after buying an additional 140 shares in the last quarter. Axxcess Wealth Management LLC grew its position in shares of Invesco QQQ by 1,216.9% during the fourth quarter. Axxcess Wealth Management LLC now owns 561,706 shares of the exchange traded fund’s stock worth $345,070,000 after buying an additional 519,051 shares in the last quarter. Finally, Northwest Wealth Advisors LLC acquired a new position in shares of Invesco QQQ during the fourth quarter worth about $977,000. 44.58% of the stock is owned by institutional investors and hedge funds.
Trending Headlines about Invesco QQQ
Here are the key news stories impacting Invesco QQQ this week:
- Positive Sentiment: Nvidia’s buybacks, dividend increase, and AI growth are putting Nasdaq-heavy ETFs like QQQ in focus, reinforcing demand for large-cap tech exposure. NVIDIA Ramps Up Shareholder Returns: ETFs in Focus
- Positive Sentiment: Semiconductor strength remains a tailwind for QQQ, as the sector’s long-running rally continues to support growth-oriented technology indexes. Is the VanEck Semiconductor ETF the Right ETF to Own as We Head Into June?
- Neutral Sentiment: Some market commentary suggests ETFs are increasingly dominating trading flows, but the article is more thematic than a direct driver for QQQ today. ETF Zoo: Why Rebalancing Killed the ARK Star
- Negative Sentiment: Earlier market coverage pointed to mixed ETF performance and a pullback in U.S. equities, which can weigh on QQQ when traders rotate out of growth stocks. Exchange-Traded Funds Mixed, US Equities Decline After Midday
Invesco QQQ Price Performance
Invesco QQQ Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a dividend of $0.7328 per share. The ex-dividend date 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.
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