Townsquare Capital LLC Lowers Position in Invesco QQQ $QQQ

Townsquare Capital LLC cut its stake in Invesco QQQ (NASDAQ:QQQ) by 30.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,862 shares of the exchange traded fund’s stock after selling 829 shares during the quarter. Townsquare Capital LLC’s holdings in Invesco QQQ were worth $1,144,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of QQQ. SG Americas Securities LLC lifted its holdings in Invesco QQQ by 120.2% during the fourth quarter. SG Americas Securities LLC now owns 213,722 shares of the exchange traded fund’s stock worth $131,292,000 after acquiring an additional 1,270,102 shares during the period. Analyst IMS Investment Management Services Ltd. lifted its holdings in Invesco QQQ by 68.6% during the fourth quarter. Analyst IMS Investment Management Services Ltd. now owns 1,750,079 shares of the exchange traded fund’s stock worth $1,075,091,000 after acquiring an additional 712,026 shares during the period. Axxcess Wealth Management LLC lifted its holdings in Invesco QQQ by 1,216.9% during the fourth quarter. Axxcess Wealth Management LLC now owns 561,706 shares of the exchange traded fund’s stock worth $345,070,000 after acquiring an additional 519,051 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Invesco QQQ by 11.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,547,591 shares of the exchange traded fund’s stock worth $2,179,321,000 after acquiring an additional 375,581 shares during the period. Finally, NorthRock Partners LLC lifted its holdings in Invesco QQQ by 1,355.6% during the third quarter. NorthRock Partners LLC now owns 304,852 shares of the exchange traded fund’s stock worth $183,024,000 after acquiring an additional 283,909 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Invesco QQQ

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

• Positive Sentiment: Some market commentary argues the U.S. economy remains resilient and Q2 growth may be accelerating, which supports earnings expectations for large-cap tech holdings. Nowcast Data Suggest U.S. Growth Is Accelerating In Q2
• Positive Sentiment: Several pieces note that the Nasdaq-100 can offer more upside than the S&P 500, reinforcing the long-term appeal of QQQ’s growth-heavy exposure. Should You Invest in the S&P 500 or the Nasdaq-100 Right Now?
• Neutral Sentiment: Articles comparing QQQ with QQQM and VGT are mostly educational, but they keep attention on valuation, index structure, and whether investors prefer a pure tech fund or broader Nasdaq exposure. QQQ vs. QQQM: Same Index, So Which One Should You Actually Buy?
• Neutral Sentiment: Coverage of the SpaceX IPO and possible future Nasdaq-100 inclusion is more of a medium-term index consideration than an immediate driver for QQQ. SpaceX Could Join the Nasdaq-100 Very Soon. Should You Buy the Invesco QQQ Trust Today?
• Negative Sentiment: Hot CPI/inflation headlines are the most relevant near-term drag, since stickier inflation could delay Fed easing and pressure the long-duration tech names that dominate QQQ. CPI Inflation Rate +4.2%: Hottest in 3 Years
• Negative Sentiment: Broader market commentary about a possible market top and stock-market breakdown adds to caution around risk assets, including QQQ. 7 Signs Markets Are Near A Top

Invesco QQQ Trading Down 2.0%

Shares of Invesco QQQ stock opened at $693.69 on Thursday. The business’s fifty day simple moving average is $675.37 and its 200 day simple moving average is $633.67. Invesco QQQ has a 12 month low of $523.65 and a 12 month 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 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 was Monday, March 23rd.

About Invesco QQQ

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.