Invesco QQQ $QQQ Shares Sold by Northern Capital Management Inc.

Northern Capital Management Inc. decreased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 57,126 shares of the exchange traded fund’s stock after selling 851 shares during the quarter. Invesco QQQ comprises 18.5% of Northern Capital Management Inc.’s holdings, making the stock its 2nd largest position. Northern Capital Management Inc.’s holdings in Invesco QQQ were worth $35,093,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Goodman Advisory Group LLC acquired a new position in shares of Invesco QQQ during the 3rd quarter valued at about $25,000. Shcp LLC purchased a new stake in shares of Invesco QQQ in the third quarter valued at about $27,000. Rachor Investment Advisory Services LLC acquired a new stake in Invesco QQQ during the fourth quarter worth about $29,000. Measured Wealth Private Client Group LLC purchased a new position in Invesco QQQ during the third quarter worth about $40,000. Finally, Morgan Dempsey Capital Management LLC raised its stake in Invesco QQQ by 45.5% during 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 period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Key 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 Trading Up 2.3%

NASDAQ:QQQ opened at $710.93 on Friday. The company’s 50-day moving average is $615.95 and its two-hundred day moving average is $616.05. Invesco QQQ has a 1-year low of $486.20 and a 1-year high of $711.23.

Invesco QQQ Cuts Dividend

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