Midwest Trust Co Boosts Stock Holdings in Invesco QQQ $QQQ

Key Points

• Midwest Trust Co increased its stake in Invesco QQQ by 12.9% in the fourth quarter, buying 1,665 additional shares and bringing its total to 14,560 shares valued at about $8.94 million.
• Other institutional investors also added to or initiated positions in QQQ, and the ETF now has 44.58% institutional ownership.
• QQQ has been trading near its 52-week high, recently opening at $710.93, while its latest quarterly dividend was $0.7328 per share, equal to a roughly 0.4% annualized yield.

Midwest Trust Co lifted its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 12.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,560 shares of the exchange traded fund's stock after acquiring an additional 1,665 shares during the quarter. Midwest Trust Co's holdings in Invesco QQQ were worth $8,944,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Goodman Advisory Group LLC purchased a new position in shares of Invesco QQQ in the 3rd quarter worth approximately $25,000. Shcp LLC purchased a new stake in shares of Invesco QQQ during the third quarter valued at approximately $27,000. Rachor Investment Advisory Services LLC bought a new stake in Invesco QQQ during the fourth quarter worth $29,000. Measured Wealth Private Client Group LLC bought a new stake in Invesco QQQ during the third quarter worth $40,000. Finally, Morgan Dempsey Capital Management LLC boosted its position in 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 worth $48,000 after purchasing an additional 25 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $710.93 on Monday. Invesco QQQ has a 1 year low of $486.20 and a 1 year high of $711.23. The business has a fifty day moving average price of $615.95 and a two-hundred day moving average price of $616.05.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given 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%.

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

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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