2,147 Shares in Invesco QQQ $QQQ Acquired by Kingdom Financial Group LLC.
by Scott Moore · The Cerbat GemKingdom Financial Group LLC. purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,147 shares of the exchange traded fund’s stock, valued at approximately $1,319,000. Invesco QQQ comprises 0.4% of Kingdom Financial Group LLC.’s portfolio, making the stock its 23rd largest position.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Addison Advisors LLC grew its position in Invesco QQQ by 4.4% during the fourth quarter. Addison Advisors LLC now owns 1,457 shares of the exchange traded fund’s stock valued at $895,000 after acquiring an additional 61 shares during the last quarter. Resolute Wealth Strategies LLC grew its position in Invesco QQQ by 2.9% during the fourth quarter. Resolute Wealth Strategies LLC now owns 1,363 shares of the exchange traded fund’s stock valued at $837,000 after acquiring an additional 38 shares during the last quarter. One Degree Advisors Inc boosted its stake in shares of Invesco QQQ by 8.0% during the fourth quarter. One Degree Advisors Inc now owns 1,640 shares of the exchange traded fund’s stock valued at $1,007,000 after purchasing an additional 122 shares during the period. BOK Financial Private Wealth Inc. boosted its stake in shares of Invesco QQQ by 5.7% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 2,449 shares of the exchange traded fund’s stock valued at $1,504,000 after purchasing an additional 132 shares during the period. Finally, Goldenstone Wealth Management LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $542,000. 44.58% of the stock is currently owned by institutional investors.
Invesco QQQ Price Performance
NASDAQ:QQQ opened at $714.51 on Friday. Invesco QQQ has a fifty-two week low of $505.58 and a fifty-two week high of $722.03. The business has a 50 day moving average price of $636.60 and a 200-day moving average price of $622.40.
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 paid a $0.7328 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.93 dividend on an annualized basis and a yield of 0.4%.
Key Invesco QQQ News
Here are the key news stories impacting Invesco QQQ this week:
- Positive Sentiment: NVIDIA’s shareholder returns and AI growth are lifting sentiment toward Nvidia-heavy ETFs such as QQQ, which could help the fund as investors continue to favor large-cap tech exposure. NVIDIA Ramps Up Shareholder Returns: ETFs in Focus
- Positive Sentiment: Market commentary suggested QQQ’s concentration in leaders like NVIDIA, Apple, and Microsoft has been a tailwind during the AI spending boom, reinforcing the ETF’s appeal versus equal-weight Nasdaq products. The AI Capex Cycle Is Crushing Equal-Weight NASDAQ. Here’s Why QQQ’s Concentration Bet Is Winning
- Neutral Sentiment: Broader market articles noted mixed ETF performance and a midday pullback in U.S. equities, which may be limiting upside for QQQ even as growth stocks remain in focus. Exchange-Traded Funds Mixed, US Equities Decline After Midday
- Neutral Sentiment: Several market-commentary pieces pointed to investor caution ahead of key macro and earnings catalysts, suggesting sentiment toward QQQ remains mixed rather than broadly bearish. Dow Jones, Nasdaq And S&P 500 Intraday Levels – Stock Markets Stall, Too Early For The Deal?
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.
See Also
- Five stocks we like better than Invesco QQQ
- Meta Platforms 10% Layoff Raises a Bigger Question About AI Spending
- As Small-Cap Outperformance Continues, These 2 ETFs Provide Exposure
- Silicon Shake-Up: The AI Trade Is Moving Beyond NVIDIA
- The Silver Lining of Last Week’s Hims & Hers Earnings Miss
Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ – Free Report).