Invesco QQQ $QQQ Shares Sold by Encompass More Asset Management

Key Points

• 59.4% of Encompass More Asset Management’s Invesco QQQ stake was sold in Q4, leaving it with 12,922 shares worth $7.94 million (about 1.5% of its portfolio and its 18th-largest holding).
• QQQ has attracted roughly $10B of inflows over the past 21 days and bullish options activity, helping push the ETF up 2.1% and near its one-year high (~$695.9).
• The ETF pays a quarterly dividend of $0.7328 (annualized $2.93, yield ~0.4%) and is about 44.58% owned by institutional investors.

Encompass More Asset Management lowered its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 59.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,922 shares of the exchange traded fund's stock after selling 18,914 shares during the period. Invesco QQQ makes up approximately 1.5% of Encompass More Asset Management's portfolio, making the stock its 18th biggest holding. Encompass More Asset Management's holdings in Invesco QQQ were worth $7,938,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of QQQ. Sovran Advisors LLC boosted its stake in shares of Invesco QQQ by 8.0% in the fourth quarter. Sovran Advisors LLC now owns 18,032 shares of the exchange traded fund's stock valued at $11,212,000 after buying an additional 1,340 shares in the last quarter. Corepath Wealth Partners LLC boosted its position in Invesco QQQ by 19.7% during the fourth quarter. Corepath Wealth Partners LLC now owns 8,723 shares of the exchange traded fund's stock worth $5,471,000 after purchasing an additional 1,436 shares in the last quarter. Great Point Wealth Advisors LLC purchased a new stake in Invesco QQQ during the third quarter worth $507,000. Strengthening Families & Communities LLC purchased a new stake in Invesco QQQ during the third quarter worth $10,771,000. Finally, Cane Capital Partners LLC purchased a new stake in Invesco QQQ during the fourth quarter worth $715,000. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Trading Up 2.1%

QQQ opened at $695.71 on Thursday. Invesco QQQ has a one year low of $476.78 and a one year high of $695.93. The business's fifty day moving average is $614.21 and its two-hundred day moving average is $615.41.

Invesco QQQ Cuts Dividend

The business also recently disclosed 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 was Monday, March 23rd.

Trending Headlines about Invesco QQQ

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

• Positive Sentiment: Large, rapid inflows into QQQ — about $10B over the last 21 days — are creating direct buying pressure on the ETF and its underlying Nasdaq-100 holdings, a primary reason shares are higher today. Nasdaq 100 ETF QQQ Records Third-Largest 21-Day Inflows Ever As Investors Rush Back Into US Stocks
• Positive Sentiment: Invesco’s recent quarterly results topped forecasts on the back of ETF inflows, reinforcing confidence in the firm’s ETF franchise and supporting demand for QQQ. Invesco Q1 results edge past forecasts on ETF inflows
• Positive Sentiment: Options-market activity shows bullish positioning around QQQ (call buying and breakout continuation trades), signaling traders expect further upside and helping lift the ETF’s price. QQQ Cannot Be Stopped: How Options Traders Are Reacting
• Neutral Sentiment: Broad-market ETF demand is rising alongside equities, which helps QQQ but is not unique to the Nasdaq-100; the move may reflect sector rotation and broader risk-on flows. Exchange-Traded Funds Rise as US Equities Climb After Midday
• Neutral Sentiment: ETF inflows into U.S. funds picked up in April ($174B reported), providing macro tailwinds for equity ETFs like QQQ but also signaling broad demand across many funds. ETF inflows surge: U.S. funds pull in $174B in April as equity demand accelerates
• Negative Sentiment: Some alternative ETFs (including high-dividend and equal-weight Nasdaq products) have recently outpaced or drawn investor attention away from QQQ, highlighting potential competition for flows if rotation continues. This ETF Is Are Outpacing Tech Stocks While Paying High Dividends
• Negative Sentiment: Today’s trading volume is below the ETF’s 3-month average, which could indicate less conviction behind the move and increase the risk of short-term reversals.

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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