TD Asset Management Inc Sells 2,747 Shares of Invesco QQQ $QQQ

TD Asset Management Inc lessened its holdings in Invesco QQQ (NASDAQ:QQQ) by 0.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,039,438 shares of the exchange traded fund’s stock after selling 2,747 shares during the period. TD Asset Management Inc’s holdings in Invesco QQQ were worth $638,537,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in QQQ. Goodman Advisory Group LLC bought a new position in shares of Invesco QQQ in the 3rd quarter worth approximately $25,000. Shcp LLC purchased a new stake in Invesco QQQ during the 3rd quarter valued at approximately $27,000. Annis Gardner Whiting Capital Advisors LLC grew its holdings in Invesco QQQ by 2,150.0% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock valued at $28,000 after buying an additional 43 shares in the last quarter. Rachor Investment Advisory Services LLC purchased a new stake in Invesco QQQ during the 4th quarter valued at approximately $29,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in Invesco QQQ in the third quarter worth $40,000. Institutional investors own 44.58% of the company’s stock.

Trending Headlines about Invesco QQQ

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 Stock Performance

Shares of QQQ opened at $744.21 on Thursday. The company’s fifty day moving average is $661.43 and its 200 day moving average is $629.67. Invesco QQQ has a fifty-two week low of $522.66 and a fifty-two week high of $748.65.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a $0.7328 dividend. This represents a $2.93 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, March 23rd.

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.