Pinkerton Wealth LLC Grows Position in Invesco QQQ $QQQ

Pinkerton Wealth LLC grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 4.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,868 shares of the exchange traded fund’s stock after buying an additional 2,043 shares during the quarter. Invesco QQQ accounts for 2.8% of Pinkerton Wealth LLC’s portfolio, making the stock its 11th largest position. Pinkerton Wealth LLC’s holdings in Invesco QQQ were worth $27,563,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Well Done LLC grew its stake in Invesco QQQ by 0.5% during the fourth quarter. Well Done LLC now owns 3,439 shares of the exchange traded fund’s stock worth $2,113,000 after buying an additional 16 shares during the period. Investment Management Corp VA ADV grew its stake in Invesco QQQ by 1.6% during the third quarter. Investment Management Corp VA ADV now owns 1,110 shares of the exchange traded fund’s stock worth $667,000 after buying an additional 17 shares during the period. Tenon Financial LLC grew its stake in Invesco QQQ by 2.2% during the fourth quarter. Tenon Financial LLC now owns 805 shares of the exchange traded fund’s stock worth $494,000 after buying an additional 17 shares during the period. SJS Investment Consulting Inc. grew its stake in Invesco QQQ by 1.7% during the fourth quarter. SJS Investment Consulting Inc. now owns 1,017 shares of the exchange traded fund’s stock worth $625,000 after buying an additional 17 shares during the period. Finally, Cascade Investment Group Inc. grew its stake in Invesco QQQ by 4.6% during the fourth quarter. Cascade Investment Group Inc. now owns 388 shares of the exchange traded fund’s stock worth $238,000 after buying an additional 17 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ News Roundup

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 Trading Up 1.7%

QQQ opened at $713.15 on Thursday. Invesco QQQ has a 52-week low of $505.58 and a 52-week high of $722.03. The company has a 50 day moving average of $634.47 and a two-hundred day moving average of $621.80.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a dividend of $0.7328 per share. This represents a $2.93 dividend on an annualized basis and a dividend 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.