Pincus Capital Management LP Invests $9.77 Million in Invesco QQQ $QQQ

Pincus Capital Management LP bought a new position in shares of Invesco QQQ (NASDAQ:QQQ) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 15,896 shares of the exchange traded fund’s stock, valued at approximately $9,765,000. Invesco QQQ accounts for approximately 6.5% of Pincus Capital Management LP’s holdings, making the stock its 3rd biggest position.

Several other large investors have also made changes to their positions in the business. Sovran Advisors LLC grew its holdings in Invesco QQQ by 8.0% in the 4th quarter. Sovran Advisors LLC now owns 18,032 shares of the exchange traded fund’s stock valued at $11,212,000 after buying an additional 1,340 shares in the last quarter. Corepath Wealth Partners LLC grew its holdings in Invesco QQQ by 19.7% in the 4th quarter. Corepath Wealth Partners LLC now owns 8,723 shares of the exchange traded fund’s stock valued at $5,471,000 after buying an additional 1,436 shares in the last quarter. Strengthening Families & Communities LLC purchased a new stake in Invesco QQQ in the 3rd quarter valued at $10,771,000. Cane Capital Partners LLC purchased a new stake in Invesco QQQ in the 4th quarter valued at $715,000. Finally, Coyle Financial Counsel LLC grew its holdings in Invesco QQQ by 4.9% in the 3rd quarter. Coyle Financial Counsel LLC now owns 43,458 shares of the exchange traded fund’s stock valued at $26,091,000 after buying an additional 2,035 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $742.74 on Tuesday. The business has a fifty day moving average of $655.03 and a two-hundred day moving average of $627.83. Invesco QQQ has a 52-week low of $515.97 and a 52-week high of $745.65.

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 $0.7328 dividend. This represents a $2.93 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, March 23rd.

Key Stories Impacting Invesco QQQ

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

• Positive Sentiment: Futures and broader market indicators started the day on a strong footing, with tech leadership helping sentiment and QQQ showing only cautious retail positioning despite the upbeat opening tone. Nasdaq, S&P 500 Futures Open June On Strong Footing: Why NVDA, DELL, HPE, TSM, TSLA, SPCE, RVMD Are In Focus
• Positive Sentiment: Risk appetite remains supported by enthusiasm for semiconductor and AI-related stocks, which can lift the Nasdaq-100 and the Invesco QQQ (QQQ) ETF because of its heavy exposure to mega-cap tech. The Semiconductor Play Nobody Owns Just Lapped Wall Street’s Biggest Names
• Neutral Sentiment: U.S. equity ETFs and broad market gauges were mixed after midday, suggesting no clear market-wide catalyst driving QQQ in either direction. Exchange-Traded Funds, US Equities Mixed After Midday
• Neutral Sentiment: Retail sentiment on QQQ was described as cautious and neutral, indicating traders are not aggressively positioning for a breakout despite the recent strength. Profitless Tech Surges 57% As Wall Street Signals Caution
• Negative Sentiment: Geopolitical tension in the Middle East and higher oil prices are pressuring premarket sentiment, which can weigh on growth stocks and the Invesco QQQ (QQQ) by reviving inflation and rate concerns. Pre-Markets Turn South on News from Middle East
• Negative Sentiment: Wall Street strategists are warning that rising yields and speculative behavior could hurt high-growth, money-losing tech names, a potential headwind for QQQ’s tech-heavy portfolio. Profitless Tech Surges 57% As Wall Street Signals Caution

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.