Invesco QQQ $QQQ is Fortis Group Advisors LLC’s Largest Position

Fortis Group Advisors LLC trimmed its holdings in Invesco QQQ (NASDAQ:QQQ) by 5.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 44,300 shares of the exchange traded fund’s stock after selling 2,433 shares during the quarter. Invesco QQQ accounts for approximately 4.7% of Fortis Group Advisors LLC’s investment portfolio, making the stock its biggest holding. Fortis Group Advisors LLC’s holdings in Invesco QQQ were worth $27,548,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its holdings in Invesco QQQ by 11.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,547,591 shares of the exchange traded fund’s stock valued at $2,179,321,000 after purchasing an additional 375,581 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Invesco QQQ by 0.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,071,021 shares of the exchange traded fund’s stock valued at $1,843,749,000 after purchasing an additional 8,038 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Invesco QQQ by 2.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,986,326 shares of the exchange traded fund’s stock valued at $1,792,901,000 after purchasing an additional 64,025 shares during the period. Analyst IMS Investment Management Services Ltd. boosted its holdings in Invesco QQQ by 68.6% in the 4th quarter. Analyst IMS Investment Management Services Ltd. now owns 1,750,079 shares of the exchange traded fund’s stock valued at $1,075,091,000 after purchasing an additional 712,026 shares during the period. Finally, US Bancorp DE boosted its holdings in Invesco QQQ by 0.5% in the 3rd quarter. US Bancorp DE now owns 1,378,057 shares of the exchange traded fund’s stock valued at $827,346,000 after purchasing an additional 7,378 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Invesco QQQ

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

• Positive Sentiment: Recent coverage says QQQ’s concentrated exposure to the biggest AI beneficiaries is outperforming equal-weight Nasdaq alternatives, reinforcing the fund’s leadership as investors keep rewarding large-cap tech. The AI Capex Cycle Is Crushing Equal-Weight NASDAQ. Here’s Why QQQ’s Concentration Bet Is Winning
• Positive Sentiment: Commentary around Nvidia’s upcoming earnings says the report could be a major catalyst for QQQ because the ETF has heavy exposure to the AI leader and other megacap chip-related names. What Nvidia Earnings Mean for VOO and QQQ
• Neutral Sentiment: Some market strategists still see opportunities in emerging markets and other areas outside the U.S. tech complex, which could compete with flows into QQQ if investors rotate away from the Nasdaq. Emerging markets could soar this year, says CIO
• Negative Sentiment: Several articles warn that profit-taking, valuation concerns, and possible market broadening could pressure QQQ if investors move out of the biggest tech winners. Don’t Mistake Profit Taking For A Regime Change: This Ain’t Market Broadening
• Negative Sentiment: ETF-flow commentary notes rising rate fears and higher bond yields are creating headwinds for growth stocks, which could weigh on QQQ’s tech-heavy portfolio. Fed Rate Hike Fears: Rippling Through ETF Flows

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $713.15 on Thursday. The firm has a fifty day moving average price of $634.47 and a two-hundred day moving average price of $621.80. Invesco QQQ has a one year low of $505.58 and a one year high of $722.03.

Invesco QQQ Cuts Dividend

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

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.