Rothschild Wealth LLC Has $5.87 Million Position in Invesco QQQ $QQQ

Rothschild Wealth LLC increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 19.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 9,548 shares of the exchange traded fund’s stock after buying an additional 1,561 shares during the quarter. Rothschild Wealth LLC’s holdings in Invesco QQQ were worth $5,865,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Carrera Capital Advisors boosted its holdings in shares of Invesco QQQ by 99.3% during the 4th quarter. Carrera Capital Advisors now owns 2,316 shares of the exchange traded fund’s stock valued at $1,423,000 after acquiring an additional 1,154 shares in the last quarter. Sovran Advisors LLC boosted its holdings in shares of Invesco QQQ by 8.0% during the 4th quarter. Sovran Advisors LLC now owns 18,032 shares of the exchange traded fund’s stock valued at $11,212,000 after acquiring an additional 1,340 shares in the last quarter. Corepath Wealth Partners LLC boosted its holdings in shares of Invesco QQQ by 19.7% during the 4th quarter. Corepath Wealth Partners LLC now owns 8,723 shares of the exchange traded fund’s stock valued at $5,471,000 after acquiring an additional 1,436 shares in the last quarter. Cane Capital Partners LLC acquired a new stake in shares of Invesco QQQ during the 4th quarter valued at $715,000. Finally, Coyle Financial Counsel LLC boosted its holdings in shares of Invesco QQQ by 4.9% during the 3rd quarter. Coyle Financial Counsel LLC now owns 43,458 shares of the exchange traded fund’s stock valued at $26,091,000 after acquiring an additional 2,035 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $729.86 on Wednesday. Invesco QQQ has a twelve month low of $523.65 and a twelve month high of $748.65. The business’s fifty day moving average is $686.99 and its 200 day moving average is $637.15.

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

Invesco QQQ News Summary

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

• Positive Sentiment: Major U.S. equity indexes, including the Nasdaq 100, were higher earlier in the session, suggesting some support for QQQ from the broader market rebound. Article Title
• Positive Sentiment: Cheaper oil after the Iran deal could help reduce inflation pressure and improve sentiment for rate-sensitive growth stocks held in QQQ. Article Title
• Neutral Sentiment: Articles comparing QQQ with other ETFs, including quantum-computing and AI-focused funds, highlight investor interest in tech exposure but do not point to a direct catalyst for the ETF itself. Article Title
• Neutral Sentiment: Commentary on QQQ’s AI exposure and recent relative performance versus specialized AI ETFs may keep attention on the fund, but it is mostly a valuation discussion rather than a new fundamental driver. Article Title
• Negative Sentiment: Several market commentary pieces point to the Nasdaq and broader indices taking a breather after the prior rally, which can weigh on QQQ in the near term. Article Title
• Negative Sentiment: Concerns about inflation, Fed policy, housing weakness, and potential market “trap” risks add caution for investors in growth-heavy Nasdaq holdings like QQQ. Article Title

Invesco QQQ Company 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.