Root Financial Partners LLC Has $5.05 Million Stock Holdings in Invesco QQQ $QQQ

Root Financial Partners LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 10.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,214 shares of the exchange traded fund’s stock after purchasing an additional 785 shares during the period. Root Financial Partners LLC’s holdings in Invesco QQQ were worth $5,046,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Sovran Advisors LLC lifted its holdings in Invesco QQQ by 8.0% during the 4th quarter. Sovran Advisors LLC now owns 18,032 shares of the exchange traded fund’s stock worth $11,212,000 after purchasing an additional 1,340 shares during the last quarter. Corepath Wealth Partners LLC raised its holdings in Invesco QQQ by 19.7% in 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. Strengthening Families & Communities LLC acquired a new position in Invesco QQQ in the 3rd quarter valued at $10,771,000. Cane Capital Partners LLC acquired a new position in Invesco QQQ in the 4th quarter valued at $715,000. Finally, Coyle Financial Counsel LLC raised its holdings in Invesco QQQ by 4.9% in 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. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.6%

Shares of NASDAQ QQQ opened at $742.74 on Tuesday. The business has a fifty day moving average price of $655.03 and a two-hundred day moving average price of $627.83. Invesco QQQ has a fifty-two week low of $515.97 and a fifty-two week high of $745.65.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were issued a $0.7328 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.93 annualized dividend and a yield of 0.4%.

Key Headlines Impacting Invesco QQQ

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

• Positive Sentiment: Futures and broader market indicators started the day on a strong footing, with tech leadership helping sentiment and QQQ showing only cautious retail positioning despite the upbeat opening tone. Nasdaq, S&P 500 Futures Open June On Strong Footing: Why NVDA, DELL, HPE, TSM, TSLA, SPCE, RVMD Are In Focus
• Positive Sentiment: Risk appetite remains supported by enthusiasm for semiconductor and AI-related stocks, which can lift the Nasdaq-100 and the Invesco QQQ (QQQ) ETF because of its heavy exposure to mega-cap tech. The Semiconductor Play Nobody Owns Just Lapped Wall Street’s Biggest Names
• Neutral Sentiment: U.S. equity ETFs and broad market gauges were mixed after midday, suggesting no clear market-wide catalyst driving QQQ in either direction. Exchange-Traded Funds, US Equities Mixed After Midday
• Neutral Sentiment: Retail sentiment on QQQ was described as cautious and neutral, indicating traders are not aggressively positioning for a breakout despite the recent strength. Profitless Tech Surges 57% As Wall Street Signals Caution
• Negative Sentiment: Geopolitical tension in the Middle East and higher oil prices are pressuring premarket sentiment, which can weigh on growth stocks and the Invesco QQQ (QQQ) by reviving inflation and rate concerns. Pre-Markets Turn South on News from Middle East
• Negative Sentiment: Wall Street strategists are warning that rising yields and speculative behavior could hurt high-growth, money-losing tech names, a potential headwind for QQQ’s tech-heavy portfolio. Profitless Tech Surges 57% As Wall Street Signals Caution

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.