Drucker Wealth 3.0 LLC Purchases 1,602 Shares of Invesco QQQ $QQQ

Key Points

• Drucker Wealth 3.0 LLC increased its position in Invesco QQQ by 6.3% in the fourth quarter, buying 1,602 more shares and bringing its total holdings to 27,028 shares worth about $16.6 million.
• Invesco QQQ remains widely owned by institutional investors and hedge funds, with 44.58% of the ETF held by those groups, and several other firms also added new positions recently.
• The ETF has been supported by strong market momentum, including Nasdaq-100 record highs and AI-related optimism, though some commentary warns the rally may be stretched and vulnerable to a pullback.

Drucker Wealth 3.0 LLC grew its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 27,028 shares of the exchange traded fund's stock after purchasing an additional 1,602 shares during the quarter. Invesco QQQ accounts for 2.9% of Drucker Wealth 3.0 LLC's portfolio, making the stock its 8th largest position. Drucker Wealth 3.0 LLC's holdings in Invesco QQQ were worth $16,603,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Goodman Advisory Group LLC acquired a new position in shares of Invesco QQQ in the 3rd quarter worth $25,000. Shcp LLC acquired a new position in shares of Invesco QQQ in the 3rd quarter worth $27,000. Rachor Investment Advisory Services LLC acquired a new position in shares of Invesco QQQ in the 4th quarter worth $29,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Invesco QQQ in the 3rd quarter worth $40,000. Finally, Morgan Dempsey Capital Management LLC grew its holdings in shares of Invesco QQQ by 45.5% in the 3rd quarter. Morgan Dempsey Capital Management LLC now owns 80 shares of the exchange traded fund's stock worth $48,000 after acquiring an additional 25 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $710.93 on Friday. The stock's fifty day simple moving average is $615.95 and its 200 day simple 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 business 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. This represents a $2.93 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, March 23rd.

Key Stories Impacting Invesco QQQ

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

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.

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