Daviman Financial LLC Takes Position in Invesco QQQ $QQQ

Daviman Financial LLC bought a new stake in Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 1,124 shares of the exchange traded fund’s stock, valued at approximately $691,000.

A number of other institutional investors have also modified their holdings of QQQ. Goodman Advisory Group LLC acquired a new stake in shares of Invesco QQQ in the 3rd quarter valued at about $25,000. Shcp LLC acquired a new stake in shares of Invesco QQQ in the 3rd quarter valued at about $27,000. Rachor Investment Advisory Services LLC bought a new stake in shares of Invesco QQQ during the 4th quarter valued at about $29,000. Measured Wealth Private Client Group LLC acquired a new stake in Invesco QQQ during the third quarter worth about $40,000. Finally, Morgan Dempsey Capital Management LLC raised its stake in Invesco QQQ by 45.5% during 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. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ News Roundup

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 Trading Up 0.4%

QQQ 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 company’s 50-day moving average price is $638.80 and its 200 day moving average price is $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 paid a dividend of $0.7328 per share. The ex-dividend date was Monday, March 23rd. This represents a $2.93 annualized dividend and a yield of 0.4%.

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.