Buck Wealth Strategies LLC Has $4.06 Million Stake in Invesco QQQ $QQQ

Key Points

• Buck Wealth Strategies LLC reduced its Invesco QQQ position by 29.5% in the fourth quarter, selling 2,761 shares and leaving it with 6,608 shares valued at about $4.06 million.
• Institutional interest in QQQ remains notable, with several smaller funds opening new positions and hedge funds/institutions owning 44.58% of the ETF.
• QQQ recently traded near its 52-week high and benefited from bullish market themes such as Nasdaq-100 strength, AI-driven tech gains, and recent inflows, though some commentary warns the rally may be getting stretched.

Buck Wealth Strategies LLC trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 29.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,608 shares of the exchange traded fund's stock after selling 2,761 shares during the quarter. Buck Wealth Strategies LLC's holdings in Invesco QQQ were worth $4,060,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of QQQ. Goodman Advisory Group LLC acquired a new stake in shares of Invesco QQQ in the third quarter valued at about $25,000. Shcp LLC acquired a new stake in shares of Invesco QQQ in the third quarter valued at about $27,000. Rachor Investment Advisory Services LLC acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at about $29,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Invesco QQQ in the third quarter valued at about $40,000. Finally, Morgan Dempsey Capital Management LLC grew its position in shares of Invesco QQQ by 45.5% in the third quarter. Morgan Dempsey Capital Management LLC now owns 80 shares of the exchange traded fund's stock valued at $48,000 after purchasing an additional 25 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 2.3%

Shares of NASDAQ:QQQ opened at $710.93 on Friday. The stock's 50-day moving average is $615.95 and its 200-day moving average is $616.05. Invesco QQQ has a 52-week low of $486.20 and a 52-week high of $711.23.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a $0.7328 dividend. This represents a $2.93 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, March 23rd.

More Invesco QQQ News

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

• Positive Sentiment: QQQ is benefiting from a fresh Nasdaq-100 record, with large-cap tech and AI-related stocks driving the index higher and reinforcing bullish momentum. Nasdaq-100 record fuels QQQ debate on long-term gains
• Positive Sentiment: Market commentary highlights AI as a leading theme, which supports QQQ because of its heavy exposure to top technology and AI beneficiaries. 3 Market Themes Driving Stocks Right Now: AI, Alt Energy and Commodities
• Positive Sentiment: Broad market gains and stronger U.S. stock indexes are lifting index ETFs, adding support for QQQ alongside other equity funds. Exchange-Traded Funds Rise as US Equities Gain Midday
• Positive Sentiment: QQQ has seen significant inflows as investors buy the Nasdaq-100 rebound, indicating continued demand for the ETF. QQQ sees $10B inflow in 21 days as Nasdaq 100 rebounds
• Neutral Sentiment: Several articles debate whether QQQ is still attractive after the Nasdaq-100’s record run, which reflects investor interest but does not point to a clear near-term catalyst. VOO vs. QQQ: Which Index Fund Is the Better Buy Right Now?
• Neutral Sentiment: Other coverage focuses on market structure, sentiment, and index comparisons, which may influence trading interest but are less likely to move QQQ directly. QQQ vs. IWM: Is Large-Cap Growth or Small-Cap Diversification the Better Choice for Investors?
• Negative Sentiment: Some commentary warns that the rally could be getting stretched, and a potential summer drawdown could pressure high-growth Nasdaq ETFs like QQQ if sentiment cools. A Significant Drawdown Is Likely This Summer

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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