Saxony Capital Management LLC Sells 4,731 Shares of Invesco QQQ $QQQ

Saxony Capital Management LLC lowered its stake in Invesco QQQ (NASDAQ:QQQ) by 33.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 9,542 shares of the exchange traded fund’s stock after selling 4,731 shares during the quarter. Invesco QQQ comprises about 3.6% of Saxony Capital Management LLC’s holdings, making the stock its 3rd largest position. Saxony Capital Management LLC’s holdings in Invesco QQQ were worth $5,862,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of QQQ. 1832 Asset Management L.P. boosted its holdings in Invesco QQQ by 100.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 2,115 shares of the exchange traded fund’s stock worth $1,167,000 after acquiring an additional 40,999,982 shares during the period. HRT Financial LP raised its stake in shares of Invesco QQQ by 118.3% during the second quarter. HRT Financial LP now owns 3,145,578 shares of the exchange traded fund’s stock valued at $1,735,226,000 after purchasing an additional 1,704,600 shares during the period. SG Americas Securities LLC raised its stake in shares of Invesco QQQ by 120.2% during the fourth quarter. SG Americas Securities LLC now owns 213,722 shares of the exchange traded fund’s stock valued at $131,292,000 after purchasing an additional 1,270,102 shares during the period. Japan Science & Technology Agency acquired a new position in shares of Invesco QQQ during the third quarter worth $179,311,000. Finally, NorthRock Partners LLC lifted its position in shares of Invesco QQQ by 1,355.6% during the third quarter. NorthRock Partners LLC now owns 304,852 shares of the exchange traded fund’s stock worth $183,024,000 after purchasing an additional 283,909 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $577.10 on Wednesday. The firm has a fifty day simple moving average of $604.19 and a 200-day simple moving average of $609.56. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $637.01.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a $0.7328 dividend. This represents a $2.93 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, March 23rd.

Key Invesco QQQ News

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

• Positive Sentiment: Several commentators argue the pullback creates a buying opportunity for QQQ given its tech leadership and concentration in high-quality growth names; this narrative supports demand from long-term and tactical buyers. Is QQQ Still Worth Buying After the Market’s Recent Slide?
• Positive Sentiment: Some market strategists say the correction was anticipated and that capitulation can set the stage for a tactical rebound in growth-heavy indices, which could support QQQ outperformance if risk appetite returns. We Got The Anticipated Correction; Now We Can Get Bullish
• Neutral Sentiment: Options-market activity shows heavy institutional flow into QQQ puts and calls; traders are using straddles/strangles to express views or hedge — this increases short-term volatility and can lead to sharp moves in either direction. One Member Turned Volatility Into 536% in a Day… Here’s How We Spot The Next Market Meltdown Winner
• Neutral Sentiment: Intraday ETF flows are mixed across U.S. equity ETFs — QQQ can see larger swings as traders rotate between safety (energy, commodities) and growth. Monitor volume and put/call skew for short-term direction. Exchange-Traded Funds, US Equities Mixed After Midday
• Negative Sentiment: Broad headlines confirm the Nasdaq/Nasdaq-100 are in correction territory after ~10% declines from highs; this macro selling pressure is a core driver of QQQ’s recent weakness. The Nasdaq Is Officially in a Correction. Here’s What Investors Should Do, According to History.
• Negative Sentiment: Coverage noting QQQ is down double-digits since February highlights ongoing outflows and rotation away from mega-cap tech amid macro uncertainty — a continued headwind until volatility and geopolitical risk ease. What Correction? 4 Nasdaq Stocks on a Roll That Still Have More Upside
• Negative Sentiment: Rising oil prices, elevated VIX/VVIX readings and a stronger dollar (references in recent coverage) favor a risk-off stance that typically pressures growth and tech-heavy ETFs like QQQ until the macro picture stabilizes. The Dollar’s Strength

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.