Archvest Wealth Advisors Inc. Sells 767 Shares of Invesco QQQ $QQQ

Archvest Wealth Advisors Inc. lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 46.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 888 shares of the exchange traded fund’s stock after selling 767 shares during the quarter. Archvest Wealth Advisors Inc.’s holdings in Invesco QQQ were worth $546,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in QQQ. Brighton Jones LLC grew its holdings in Invesco QQQ by 15.0% during the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after acquiring an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in Invesco QQQ by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after acquiring an additional 176 shares during the last quarter. Jupiter Wealth Management LLC bought a new stake in Invesco QQQ during the 2nd quarter worth about $290,000. Wealth Group Ltd. boosted its stake in shares of Invesco QQQ by 283.7% in the 2nd quarter. Wealth Group Ltd. now owns 24,629 shares of the exchange traded fund’s stock valued at $13,587,000 after purchasing an additional 18,210 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of Invesco QQQ by 1,057.3% during the 2nd quarter. Invesco Ltd. now owns 33,063 shares of the exchange traded fund’s stock worth $18,239,000 after buying an additional 30,206 shares during the period. Institutional investors 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: Analysts highlighted that QQQ has quietly outperformed the Vanguard S&P 500 ETF over the past decade, reinforcing its appeal as a long-term growth vehicle. Article Title
• Positive Sentiment: Another piece argued that, even with the Nasdaq at record highs, AI-led earnings momentum and history still favor continued interest in Invesco QQQ. Article Title
• Neutral Sentiment: Some market commentary pointed to low-volatility and value ETFs as defensive alternatives amid overvaluation and stagflation worries, which could modestly compete with QQQ’s growth-focused appeal. Article Title
• Neutral Sentiment: Bearish commentary about an “AI mania” and dot-com-bubble comparisons may temper enthusiasm, but it has not yet displaced the broader bullish momentum behind Nasdaq growth names. Article Title
• Negative Sentiment: Several articles warned that the market may be stretched and that investors are rotating toward safer or cheaper exposures, which could create near-term pressure on QQQ if risk appetite cools. Article Title

Invesco QQQ Trading Down 0.3%

Shares of NASDAQ:QQQ opened at $744.21 on Thursday. Invesco QQQ has a one year low of $522.66 and a one year high of $748.65. The company has a 50 day moving average of $661.43 and a 200-day moving average of $629.67.

Invesco QQQ Cuts Dividend

The firm also recently declared 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. The ex-dividend date was Monday, March 23rd. This represents a $2.93 annualized dividend and a dividend 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.