Harvest Investment Advisors LLC Makes New Investment in Invesco QQQ $QQQ

Harvest Investment Advisors LLC purchased a new position in Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 56,042 shares of the exchange traded fund’s stock, valued at approximately $34,427,000. Invesco QQQ makes up 19.5% of Harvest Investment Advisors LLC’s portfolio, making the stock its biggest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Goodman Advisory Group LLC acquired a new stake in Invesco QQQ during the 3rd quarter worth about $25,000. University of Texas Texas AM Investment Management Co. acquired a new stake in Invesco QQQ during the 4th quarter worth about $25,000. Annis Gardner Whiting Capital Advisors LLC raised its holdings in Invesco QQQ by 2,150.0% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 43 shares during the period. Shcp LLC acquired a new stake in Invesco QQQ during the 3rd quarter worth about $27,000. Finally, Rachor Investment Advisory Services LLC acquired a new stake in Invesco QQQ during the 4th quarter worth about $29,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $729.86 on Wednesday. The stock’s 50-day moving average price is $686.99 and its two-hundred day moving average price is $637.15. Invesco QQQ has a 1 year low of $523.65 and a 1 year high of $748.65.

Invesco QQQ Cuts Dividend

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

Invesco QQQ News Roundup

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.