Victrix Investment Advisors Acquires New Shares in Invesco QQQ $QQQ

Victrix Investment Advisors acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 9,840 shares of the exchange traded fund’s stock, valued at approximately $6,045,000. Invesco QQQ accounts for about 2.3% of Victrix Investment Advisors’ investment portfolio, making the stock its 10th biggest holding.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Total Wealth Planning & Management Inc. acquired a new position in Invesco QQQ during the 4th quarter worth $1,606,000. Lifestyle Asset Management Inc. boosted its position in Invesco QQQ by 40.6% during the 4th quarter. Lifestyle Asset Management Inc. now owns 4,911 shares of the exchange traded fund’s stock worth $3,017,000 after acquiring an additional 1,419 shares during the period. BBR Partners LLC boosted its position in Invesco QQQ by 3.1% during the 4th quarter. BBR Partners LLC now owns 4,079 shares of the exchange traded fund’s stock worth $2,506,000 after acquiring an additional 123 shares during the period. Adaptive Financial Consulting LLC boosted its position in Invesco QQQ by 1.7% during the 4th quarter. Adaptive Financial Consulting LLC now owns 27,649 shares of the exchange traded fund’s stock worth $16,985,000 after acquiring an additional 465 shares during the period. Finally, Convergence Financial LLC boosted its position in Invesco QQQ by 31.9% during the 4th quarter. Convergence Financial LLC now owns 665 shares of the exchange traded fund’s stock worth $409,000 after acquiring an additional 161 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.5%

Shares of QQQ stock opened at $740.61 on Friday. Invesco QQQ has a 1 year low of $522.66 and a 1 year high of $748.65. The stock has a fifty day moving average of $664.57 and a two-hundred day moving average of $630.59.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a dividend of $0.7328 per share. This represents a $2.93 dividend on an annualized basis and a 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: One article noted that the Invesco QQQ Trust has quietly outperformed the Vanguard S&P 500 ETF over the last decade, reinforcing the ETF’s reputation as a strong way to own U.S. growth leaders. Article Title
• Positive Sentiment: A broad-market update said exchange-traded funds edged higher and U.S. equities were mixed, suggesting the overall market backdrop remains supportive for QQQ’s large tech-heavy holdings. Article Title
• Neutral Sentiment: Articles on the Nasdaq’s long-term real returns and the continuing strength of the “old bull” frame QQQ as part of a durable growth trend, but they do not point to a clear near-term catalyst. Article Title Article Title
• Neutral Sentiment: Several commentary pieces focused on sentiment indicators and job data, which may influence rate expectations and growth stocks, but the impact on QQQ is indirect. Article Title Article Title
• Negative Sentiment: Multiple reports warned that AI and chip stocks may be in bubble territory, with one article saying the AI rally is even bigger than the dot-com era and another arguing a market top may be forming. That kind of valuation concern can pressure QQQ because of its heavy exposure to mega-cap tech. Article Title Article Title
• Negative Sentiment: Other commentary warned investors to take chips off the table, cash in tech gains, and move toward lower-volatility ETFs, signaling rotation away from growth names like those in QQQ. Article Title Article Title Article Title

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.