Peterson Wealth Management Has $23.61 Million Stock Holdings in Invesco QQQ $QQQ

Key Points

• Peterson Wealth Management increased its Invesco QQQ stake by 44% in the fourth quarter, buying 11,741 more shares and bringing its total holdings to 38,430 shares valued at about $23.6 million.
• QQQ remains the firm’s largest position, accounting for 17.5% of Peterson Wealth Management’s portfolio. Institutional ownership in the ETF is also significant, with funds and hedge funds holding 44.58% of the stock.
• Invesco QQQ has been benefiting from strong momentum in large-cap tech and AI names, with the ETF recently trading near its 52-week high around $711. The ETF also paid a quarterly dividend of $0.7328 per share, equal to a roughly 0.4% annualized yield.

Peterson Wealth Management boosted its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 44.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 38,430 shares of the exchange traded fund's stock after purchasing an additional 11,741 shares during the quarter. Invesco QQQ comprises 17.5% of Peterson Wealth Management's holdings, making the stock its biggest position. Peterson Wealth Management's holdings in Invesco QQQ were worth $23,608,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Summit Investment Advisory Services LLC raised its holdings in Invesco QQQ by 21.9% during the 4th quarter. Summit Investment Advisory Services LLC now owns 456 shares of the exchange traded fund's stock worth $280,000 after purchasing an additional 82 shares during the last quarter. Beam Wealth Advisors Inc. raised its holdings in Invesco QQQ by 2.4% during the 4th quarter. Beam Wealth Advisors Inc. now owns 11,374 shares of the exchange traded fund's stock worth $6,987,000 after purchasing an additional 268 shares during the last quarter. Dynamic Wealth Strategies LLC bought a new stake in Invesco QQQ during the 4th quarter worth about $101,000. Ballast Rock Private Wealth LLC bought a new stake in Invesco QQQ during the 4th quarter worth about $2,799,000. Finally, UNIVEST FINANCIAL Corp raised its holdings in Invesco QQQ by 33.0% during the 4th quarter. UNIVEST FINANCIAL Corp now owns 3,820 shares of the exchange traded fund's stock worth $2,346,000 after purchasing an additional 947 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price 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 50-day moving average price of $615.95 and a two-hundred day moving average price of $616.05.

Invesco QQQ Cuts Dividend

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

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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