Signature Estate & Investment Advisors LLC Sells 708 Shares of Invesco QQQ $QQQ

Signature Estate & Investment Advisors LLC reduced its position in shares of Invesco QQQ (NASDAQ:QQQ) by 2.5% during the fourth quarter, Holdings Channel reports. The firm owned 28,140 shares of the exchange traded fund’s stock after selling 708 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Invesco QQQ were worth $17,287,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Resolute Wealth Strategies LLC lifted its holdings in Invesco QQQ by 2.9% during the fourth quarter. Resolute Wealth Strategies LLC now owns 1,363 shares of the exchange traded fund’s stock worth $837,000 after acquiring an additional 38 shares during the period. One Degree Advisors Inc lifted its holdings in Invesco QQQ by 8.0% during the fourth quarter. One Degree Advisors Inc now owns 1,640 shares of the exchange traded fund’s stock worth $1,007,000 after acquiring an additional 122 shares during the period. BOK Financial Private Wealth Inc. lifted its holdings in Invesco QQQ by 5.7% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 2,449 shares of the exchange traded fund’s stock worth $1,504,000 after acquiring an additional 132 shares during the period. Goldenstone Wealth Management LLC bought a new stake in Invesco QQQ in the fourth quarter worth about $542,000. Finally, Morling Financial Advisors LLC bought a new stake in Invesco QQQ in the fourth quarter worth about $225,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Up 0.2%

Shares of QQQ stock opened at $714.51 on Friday. Invesco QQQ has a 52 week low of $505.58 and a 52 week high of $722.03. The firm’s 50-day simple moving average is $636.60 and its two-hundred day simple moving average is $622.40.

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 given 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%.

More Invesco QQQ News

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

• Positive Sentiment: NVIDIA’s shareholder returns and AI growth are lifting sentiment toward Nvidia-heavy ETFs such as QQQ, which could help the fund as investors continue to favor large-cap tech exposure. NVIDIA Ramps Up Shareholder Returns: ETFs in Focus
• Positive Sentiment: Market commentary suggested QQQ’s concentration in leaders like NVIDIA, Apple, and Microsoft has been a tailwind during the AI spending boom, reinforcing the ETF’s appeal versus equal-weight Nasdaq products. The AI Capex Cycle Is Crushing Equal-Weight NASDAQ. Here’s Why QQQ’s Concentration Bet Is Winning
• Neutral Sentiment: Broader market articles noted mixed ETF performance and a midday pullback in U.S. equities, which may be limiting upside for QQQ even as growth stocks remain in focus. Exchange-Traded Funds Mixed, US Equities Decline After Midday
• Neutral Sentiment: Several market-commentary pieces pointed to investor caution ahead of key macro and earnings catalysts, suggesting sentiment toward QQQ remains mixed rather than broadly bearish. Dow Jones, Nasdaq And S&P 500 Intraday Levels – Stock Markets Stall, Too Early For The Deal?

About Invesco QQQ

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.