Great Valley Advisor Group Inc. Has $41.99 Million Stock Position in Invesco QQQ $QQQ

Great Valley Advisor Group Inc. raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 3.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 68,359 shares of the exchange traded fund’s stock after acquiring an additional 2,029 shares during the quarter. Invesco QQQ makes up about 0.8% of Great Valley Advisor Group Inc.’s portfolio, making the stock its 26th largest holding. Great Valley Advisor Group Inc.’s holdings in Invesco QQQ were worth $41,994,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in QQQ. Well Done LLC raised its stake in shares of Invesco QQQ by 0.5% during the 4th quarter. Well Done LLC now owns 3,439 shares of the exchange traded fund’s stock worth $2,113,000 after purchasing an additional 16 shares during the period. Tenon Financial LLC increased its holdings in Invesco QQQ by 2.2% in the 4th quarter. Tenon Financial LLC now owns 805 shares of the exchange traded fund’s stock worth $494,000 after acquiring an additional 17 shares during the last quarter. SJS Investment Consulting Inc. increased its holdings in Invesco QQQ by 1.7% in the 4th quarter. SJS Investment Consulting Inc. now owns 1,017 shares of the exchange traded fund’s stock worth $625,000 after acquiring an additional 17 shares during the last quarter. Cascade Investment Group Inc. increased its holdings in Invesco QQQ by 4.6% in the 4th quarter. Cascade Investment Group Inc. now owns 388 shares of the exchange traded fund’s stock worth $238,000 after acquiring an additional 17 shares during the last quarter. Finally, Keeler & Nadler Financial Planning & Wealth Management increased its holdings in Invesco QQQ by 3.0% in the 4th quarter. Keeler & Nadler Financial Planning & Wealth Management now owns 576 shares of the exchange traded fund’s stock worth $354,000 after acquiring an additional 17 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 3.4%

QQQ stock opened at $717.12 on Friday. Invesco QQQ has a twelve month low of $523.65 and a twelve month high of $748.65. The stock has a 50-day simple moving average of $678.17 and a two-hundred day simple moving average of $634.57.

Invesco QQQ Cuts Dividend

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

Invesco QQQ News Roundup

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

• Positive Sentiment: Broad-market ETFs and U.S. equities were higher into midday, supporting Nasdaq-heavy funds like QQQ as investors rotated back into stocks. Exchange-Traded Funds Rise as US Equities Advance After Midday
• Positive Sentiment: Commentary on accelerating Q2 growth and a resilient U.S. economy is reinforcing the case for cyclical and growth assets, which tends to benefit QQQ’s heavy exposure to mega-cap technology. Nowcast Data Suggest U.S. Growth Is Accelerating In Q2
• Positive Sentiment: Multiple articles highlighted the Nasdaq-100’s upside potential versus broader indexes, keeping attention on QQQ as a leading way to own big tech and growth stocks. Should You Invest in the S&P 500 or the Nasdaq-100 Right Now?
• Neutral Sentiment: Several pieces compared QQQ with other ETFs such as QQQM and VGT, but these were mostly watchlist-style and educational articles rather than direct catalysts for the fund. QQQ vs. QQQM: Same Index, So Which One Should You Actually Buy?
• Negative Sentiment: Hotter-than-expected CPI and renewed inflation concerns could keep pressure on rate-sensitive growth stocks if investors fear the Fed stays restrictive for longer. CPI Inflation Rate +4.2%: Hottest in 3 Years
• Negative Sentiment: Articles warning that inflation and geopolitical tensions may weigh on markets suggest some downside risk for QQQ if sentiment turns defensive. Markets Turn To The Downside Amid Geopolitical Tensions And Rising Inflation

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.