Captrust Financial Advisors Buys 55,777 Shares of Invesco QQQ $QQQ

Captrust Financial Advisors increased its stake in Invesco QQQ (NASDAQ:QQQ) by 14.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 435,995 shares of the exchange traded fund’s stock after buying an additional 55,777 shares during the period. Captrust Financial Advisors owned 0.07% of Invesco QQQ worth $267,836,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Goodman Advisory Group LLC bought a new position in Invesco QQQ in the third quarter worth about $25,000. University of Texas Texas AM Investment Management Co. bought a new position in Invesco QQQ in the fourth quarter worth about $25,000. Annis Gardner Whiting Capital Advisors LLC raised its stake in Invesco QQQ by 2,150.0% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 43 shares in the last quarter. Shcp LLC bought a new position in Invesco QQQ in the third quarter worth about $27,000. Finally, Rachor Investment Advisory Services LLC bought a new position in Invesco QQQ in the fourth quarter worth about $29,000. 44.58% of the stock is owned by institutional investors.

More Invesco QQQ News

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

• Positive Sentiment: Major U.S. equity indexes, including the Nasdaq 100, were higher earlier in the session, suggesting some support for QQQ from the broader market rebound. Article Title
• Positive Sentiment: Cheaper oil after the Iran deal could help reduce inflation pressure and improve sentiment for rate-sensitive growth stocks held in QQQ. Article Title
• Neutral Sentiment: Articles comparing QQQ with other ETFs, including quantum-computing and AI-focused funds, highlight investor interest in tech exposure but do not point to a direct catalyst for the ETF itself. Article Title
• Neutral Sentiment: Commentary on QQQ’s AI exposure and recent relative performance versus specialized AI ETFs may keep attention on the fund, but it is mostly a valuation discussion rather than a new fundamental driver. Article Title
• Negative Sentiment: Several market commentary pieces point to the Nasdaq and broader indices taking a breather after the prior rally, which can weigh on QQQ in the near term. Article Title
• Negative Sentiment: Concerns about inflation, Fed policy, housing weakness, and potential market “trap” risks add caution for investors in growth-heavy Nasdaq holdings like QQQ. Article Title

Invesco QQQ Price Performance

QQQ stock opened at $729.86 on Wednesday. Invesco QQQ has a 1 year low of $523.65 and a 1 year high of $748.65. The firm has a 50-day moving average of $686.99 and a 200 day moving average of $637.15.

Invesco QQQ Cuts Dividend

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

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.