McIlrath & Eck LLC Reduces Stock Position in Invesco QQQ $QQQ

McIlrath & Eck LLC lessened its position in shares of Invesco QQQ (NASDAQ:QQQ) by 13.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,635 shares of the exchange traded fund’s stock after selling 3,614 shares during the quarter. Invesco QQQ accounts for 1.3% of McIlrath & Eck LLC’s portfolio, making the stock its 24th largest position. McIlrath & Eck LLC’s holdings in Invesco QQQ were worth $14,519,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Sovran Advisors LLC raised its holdings in Invesco QQQ by 8.0% in the 4th quarter. Sovran Advisors LLC now owns 18,032 shares of the exchange traded fund’s stock worth $11,212,000 after purchasing an additional 1,340 shares during the period. Corepath Wealth Partners LLC raised its holdings in Invesco QQQ by 19.7% in the 4th 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 during the period. Great Point Wealth Advisors LLC acquired a new position in Invesco QQQ in the 3rd quarter worth about $507,000. Strengthening Families & Communities LLC acquired a new position in Invesco QQQ in the 3rd quarter worth about $10,771,000. Finally, Cane Capital Partners LLC acquired a new position in Invesco QQQ in the 4th quarter worth about $715,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ News Summary

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

• Positive Sentiment: Heavy inflows and April outperformance vs. peers — QQQ saw strong net inflows and topped SPY in April as growth/AI names led the market, a tailwind for the fund’s price and demand. Investors pour billions into QQQ
• Positive Sentiment: Strong earnings and AI capex theme — headlines point to resilient corporate profits and continued AI-related spending, which benefits the Nasdaq-100 exposure that QQQ tracks. Stocks Soar As Profits Roar
• Positive Sentiment: Sector leadership from AI, semis and tech ETFs — April winners were concentrated in AI and semiconductor-focused funds, supporting tech-heavy QQQ momentum. Best-Performing ETFs of April
• Positive Sentiment: Market commentary and daily updates note QQQ strength this morning, highlighting premarket gains and short-term bullish flows that can amplify intraday moves. Why Is QQQ Rising Today?
• Neutral Sentiment: Competition from dividend and value ETFs — a Fidelity high-dividend ETF (FIDI) has matched/edged QQQ YTD performance, which could divert some flows but so far hasn’t halted QQQ’s momentum. This ETF Is Outpacing Tech Stocks
• Neutral Sentiment: Positioning shifts in equal-weight Nasdaq vehicles — an institutional trim in an equal-weight Nasdaq ETF (QQEW) is noted; it may modestly redirect flows between Nasdaq products without directly reducing demand for market-cap-weighted QQQ. Gratus Wealth Trims QQEW Stake
• Negative Sentiment: Geopolitical and inflation fears — renewed Middle East tensions and oil spikes are reviving inflation worries, a risk to long-duration growth stocks that dominate QQQ. Latest Middle East Turmoil
• Negative Sentiment: Macro & leverage concerns — several commentaries warn of stretched market leverage and broader macro fragility, which could trigger risk-off flows that hurt growth-heavy ETFs like QQQ. The Macro Situation Is Collapsing

Invesco QQQ Stock Up 1.3%

NASDAQ QQQ opened at $681.57 on Wednesday. The stock has a 50-day moving average of $612.32 and a 200 day moving average of $614.73. Invesco QQQ has a twelve month low of $476.78 and a twelve month high of $682.77.

Invesco QQQ Cuts Dividend

The company also recently announced 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.

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.