Ground Swell Capital LLC Purchases New Position in Invesco QQQ $QQQ

Ground Swell Capital LLC purchased a new stake in Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, Holdings Channel reports. The firm purchased 50,000 shares of the exchange traded fund’s stock, valued at approximately $30,716,000. Invesco QQQ comprises 63.3% of Ground Swell Capital LLC’s portfolio, making the stock its biggest holding.

Other hedge funds have also recently bought and sold shares of the company. Goodman Advisory Group LLC bought a new stake in shares of Invesco QQQ in the 3rd quarter worth about $25,000. Shcp LLC bought a new position in Invesco QQQ during the 3rd quarter valued at about $27,000. Rachor Investment Advisory Services LLC bought a new position in Invesco QQQ during the 4th quarter valued at about $29,000. Measured Wealth Private Client Group LLC acquired a new position in Invesco QQQ in the third quarter valued at about $40,000. Finally, Morgan Dempsey Capital Management LLC boosted its position in Invesco QQQ by 45.5% in the third quarter. Morgan Dempsey Capital Management LLC now owns 80 shares of the exchange traded fund’s stock valued at $48,000 after buying an additional 25 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 0.8%

Shares of Invesco QQQ stock opened at $707.24 on Wednesday. The firm’s 50-day moving average price is $621.92 and its two-hundred day moving average price is $618.18. Invesco QQQ has a 1-year low of $505.58 and a 1-year high of $714.59.

Invesco QQQ Cuts Dividend

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

Key Stories Impacting Invesco QQQ

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

• Positive Sentiment: QQQ is benefiting from renewed appetite for AI and semiconductor stocks, with articles noting that chip stocks have been outperforming software and that QQQ offers exposure to both groups. Chip Stocks Have Been Crushing Software. Here’s How to Play Both.
• Positive Sentiment: Market sentiment has improved as cooling geopolitical tensions, resilient employment data, and AI enthusiasm pushed risk assets higher, supporting the Nasdaq and QQQ. The Zacks Analyst Blog QQQ, DIA, DRAM, WGMI, EWY, DIME and BKCH
• Positive Sentiment: Analysts and market commentary also described the broader move as a “risk-on” trade, which tends to favor growth-heavy ETFs like QQQ. Time for Risk-On Trades? ETFs in Focus
• Neutral Sentiment: QQQ reached a new 12-month high, but recent commentary suggests some of the rally is already well-established, which may leave the ETF vulnerable if momentum in megacap tech slows. Invesco QQQ (NASDAQ:QQQ) Sets New 12-Month High – What’s Next?
• Negative Sentiment: Some articles warn that the AI trade is becoming crowded and heavily dependent on semiconductor leadership, meaning QQQ could face sharper pullbacks if chip momentum fades. GPTY Owns The Hottest AI Trade – That’s The Problem

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.