Principia Wealth Advisory LLC Increases Stake in Invesco QQQ $QQQ

Principia Wealth Advisory LLC lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 7.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 19,505 shares of the exchange traded fund’s stock after purchasing an additional 1,302 shares during the period. Invesco QQQ comprises 3.1% of Principia Wealth Advisory LLC’s portfolio, making the stock its 2nd largest holding. Principia Wealth Advisory LLC’s holdings in Invesco QQQ were worth $11,982,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Blueline Advisors LLC bought a new stake in shares of Invesco QQQ during the fourth quarter worth $1,690,000. Fiducient Advisors LLC grew its holdings in shares of Invesco QQQ by 4.9% during the fourth quarter. Fiducient Advisors LLC now owns 15,975 shares of the exchange traded fund’s stock worth $9,813,000 after purchasing an additional 744 shares during the last quarter. Operose Advisors LLC grew its holdings in shares of Invesco QQQ by 10.9% during the fourth quarter. Operose Advisors LLC now owns 286 shares of the exchange traded fund’s stock worth $176,000 after purchasing an additional 28 shares during the last quarter. Basepoint Wealth LLC bought a new stake in shares of Invesco QQQ during the fourth quarter worth $175,000. Finally, Garde Capital Inc. grew its holdings in shares of Invesco QQQ by 60.6% during the fourth quarter. Garde Capital Inc. now owns 42,662 shares of the exchange traded fund’s stock worth $26,208,000 after purchasing an additional 16,094 shares during the last quarter. 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: Tech and Nasdaq futures have been firm, with AI-driven strength offsetting geopolitical worries and supporting the Nasdaq 100, which QQQ tracks. S&P 500, Nasdaq, Dow Futures Rise As AI-Driven Tech Rally Overpowers ‘Defensive’ Iran Strikes: ONDS, NBIS, RCAT, SNOW In Focus
• Positive Sentiment: Market commentary points to ongoing institutional buying in technology, which can continue to benefit broad tech ETFs like Invesco QQQ Trust (QQQ). Institutional Order Flows Expand As Technology And Aerospace Drive Market Activity
• Neutral Sentiment: Short-interest data showed no meaningful short position in QQQ, so there is no major bearish positioning signal driving the fund today.
• Neutral Sentiment: Several market pieces discussed the broader shift toward value ETFs and ETF growth overall, but these were mostly general commentary and not a direct negative for QQQ. Vanguard’s Value ETF May Soon Outperform Your Tech Holdings as “The Great Migration” Accelerates
• Negative Sentiment: Some commentary noted that Nasdaq strength has been uneven at times, with weakness in chips and caution around market breadth, which could temper gains for QQQ if tech leadership narrows. Dow Closes At Record Highs On Iran Truce Optimism, While Nasdaq Snaps Four-Day Win Streak On Weak Chip Stocks

Invesco QQQ Stock Up 0.8%

Shares of QQQ opened at $735.60 on Friday. The stock’s fifty day simple moving average is $649.16 and its 200-day simple moving average is $626.16. Invesco QQQ has a 12-month low of $511.93 and a 12-month high of $736.60.

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 issued a $0.7328 dividend. The ex-dividend date was Monday, March 23rd. This represents a $2.93 annualized dividend and a yield of 0.4%.

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.