GPS Wealth Strategies Group LLC Reduces Stock Position in Invesco QQQ $QQQ

GPS Wealth Strategies Group LLC cut its stake in Invesco QQQ (NASDAQ:QQQ) by 96.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,422 shares of the exchange traded fund’s stock after selling 62,757 shares during the period. Invesco QQQ makes up about 1.3% of GPS Wealth Strategies Group LLC’s holdings, making the stock its 19th largest holding. GPS Wealth Strategies Group LLC’s holdings in Invesco QQQ were worth $1,488,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in QQQ. Goodman Advisory Group LLC purchased a new stake in shares of Invesco QQQ in the third quarter valued at approximately $25,000. Shcp LLC purchased a new position in Invesco QQQ in the third quarter worth approximately $27,000. Rachor Investment Advisory Services LLC purchased a new position in Invesco QQQ in the fourth quarter worth approximately $29,000. Measured Wealth Private Client Group LLC purchased a new position in Invesco QQQ in the third quarter worth approximately $40,000. Finally, Morgan Dempsey Capital Management LLC grew its position in Invesco QQQ by 45.5% in the third quarter. Morgan Dempsey Capital Management LLC now owns 80 shares of the exchange traded fund’s stock worth $48,000 after acquiring an additional 25 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.4%

Shares of Invesco QQQ stock opened at $717.54 on Friday. Invesco QQQ has a fifty-two week low of $505.58 and a fifty-two week high of $722.12. The stock has a 50 day moving average of $638.80 and a 200 day moving average of $623.07.

Invesco QQQ Cuts Dividend

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

More Invesco QQQ News

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 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.