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Invesco QQQ $QQQ is Activest Wealth Management's 2nd Largest Position

Invesco QQQ logo with Finance background
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Key Points

  • Activest Wealth Management boosted its Invesco QQQ stake by 22.7% to 107,678 shares, making QQQ its 2nd-largest holding at about 12.4% of assets and valued around $66.15 million.
  • QQQ opened at $661.57 and is trading near its 52‑week high ($664.51) with a 50‑day/200‑day moving average of $609.58/$613.60, and it pays a quarterly dividend of $0.7328 (annualized $2.93, ~0.4% yield).
  • Sentiment is supported by expectations of a Fed rate pause and buying flows, but concentrated options positioning and semiconductor weakness (including new short bets) could amplify downside risk for this growth‑heavy ETF.
  • Five stocks to consider instead of Invesco QQQ.

Activest Wealth Management boosted its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 22.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 107,678 shares of the exchange traded fund's stock after acquiring an additional 19,944 shares during the period. Invesco QQQ accounts for approximately 12.4% of Activest Wealth Management's holdings, making the stock its 2nd biggest holding. Activest Wealth Management's holdings in Invesco QQQ were worth $66,148,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Goodman Advisory Group LLC purchased a new position in shares of Invesco QQQ during the third quarter valued at about $25,000. Shcp LLC purchased a new stake in Invesco QQQ in the third quarter worth about $27,000. Rachor Investment Advisory Services LLC purchased a new stake in Invesco QQQ in the fourth quarter worth about $29,000. Measured Wealth Private Client Group LLC bought a new stake in Invesco QQQ during the 3rd quarter valued at approximately $40,000. Finally, PayPay Securities Corp boosted its position in Invesco QQQ by 78.9% during the 3rd quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund's stock valued at $41,000 after acquiring an additional 30 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ News Summary

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

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $661.57 on Thursday. Invesco QQQ has a 52-week low of $462.43 and a 52-week high of $664.51. The stock has a 50 day moving average price of $609.58 and a 200-day moving average price of $613.60.

Invesco QQQ Cuts Dividend

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

Invesco QQQ Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ - Free Report).

Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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