Invesco QQQ $QQQ Shares Sold by Mathes Company Inc.

Mathes Company Inc. trimmed its holdings in Invesco QQQ (NASDAQ:QQQ) by 23.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,210 shares of the exchange traded fund’s stock after selling 1,000 shares during the quarter. Mathes Company Inc.’s holdings in Invesco QQQ were worth $1,972,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Goodman Advisory Group LLC acquired a new stake in Invesco QQQ during the third quarter worth about $25,000. Shcp LLC acquired a new stake in Invesco QQQ during the third quarter worth 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 acquired a new stake in Invesco QQQ during the third quarter worth about $40,000. Finally, Morgan Dempsey Capital Management LLC increased its position 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 last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Invesco QQQ

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

• Positive Sentiment: Nvidia’s buybacks, dividend increase, and AI growth are putting Nasdaq-heavy ETFs like QQQ in focus, reinforcing demand for large-cap tech exposure. NVIDIA Ramps Up Shareholder Returns: ETFs in Focus
• Positive Sentiment: Semiconductor strength remains a tailwind for QQQ, as the sector’s long-running rally continues to support growth-oriented technology indexes. Is the VanEck Semiconductor ETF the Right ETF to Own as We Head Into June?
• Neutral Sentiment: Some market commentary suggests ETFs are increasingly dominating trading flows, but the article is more thematic than a direct driver for QQQ today. ETF Zoo: Why Rebalancing Killed the ARK Star
• Negative Sentiment: Earlier market coverage pointed to mixed ETF performance and a pullback in U.S. equities, which can weigh on QQQ when traders rotate out of growth stocks. Exchange-Traded Funds Mixed, US Equities Decline After Midday

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $717.54 on Monday. Invesco QQQ has a 12-month low of $505.58 and a 12-month high of $722.12. The company has a 50-day moving average price of $638.80 and a 200 day moving average price of $623.00.

Invesco QQQ Cuts Dividend

The company also recently disclosed 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. This represents a $2.93 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, March 23rd.

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.