Ebert Capital Management Inc. Invests $15.42 Million in Invesco QQQ $QQQ

Ebert Capital Management Inc. acquired a new position in Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 24,799 shares of the exchange traded fund’s stock, valued at approximately $15,422,000. Invesco QQQ makes up 14.6% of Ebert Capital Management Inc.’s investment portfolio, making the stock its 3rd biggest position.

Other institutional investors have also recently made changes to their positions in the company. Goodman Advisory Group LLC bought a new position in shares of Invesco QQQ in the third quarter worth about $25,000. Shcp LLC bought a new stake in Invesco QQQ during the 3rd quarter valued at approximately $27,000. Rachor Investment Advisory Services LLC bought a new stake in Invesco QQQ during the 4th quarter valued at approximately $29,000. Measured Wealth Private Client Group LLC purchased a new position in Invesco QQQ in the 3rd quarter worth approximately $40,000. Finally, Morgan Dempsey Capital Management LLC lifted its holdings in Invesco QQQ by 45.5% in the 3rd quarter. Morgan Dempsey Capital Management LLC now owns 80 shares of the exchange traded fund’s stock worth $48,000 after purchasing an additional 25 shares in the last quarter. 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: QQQ is benefiting from a fresh Nasdaq-100 record, with large-cap tech and AI-related stocks driving the index higher and reinforcing bullish momentum. Nasdaq-100 record fuels QQQ debate on long-term gains
• Positive Sentiment: Market commentary highlights AI as a leading theme, which supports QQQ because of its heavy exposure to top technology and AI beneficiaries. 3 Market Themes Driving Stocks Right Now: AI, Alt Energy and Commodities
• Positive Sentiment: Broad market gains and stronger U.S. stock indexes are lifting index ETFs, adding support for QQQ alongside other equity funds. Exchange-Traded Funds Rise as US Equities Gain Midday
• Positive Sentiment: QQQ has seen significant inflows as investors buy the Nasdaq-100 rebound, indicating continued demand for the ETF. QQQ sees $10B inflow in 21 days as Nasdaq 100 rebounds
• Neutral Sentiment: Several articles debate whether QQQ is still attractive after the Nasdaq-100’s record run, which reflects investor interest but does not point to a clear near-term catalyst. VOO vs. QQQ: Which Index Fund Is the Better Buy Right Now?
• Neutral Sentiment: Other coverage focuses on market structure, sentiment, and index comparisons, which may influence trading interest but are less likely to move QQQ directly. QQQ vs. IWM: Is Large-Cap Growth or Small-Cap Diversification the Better Choice for Investors?
• Negative Sentiment: Some commentary warns that the rally could be getting stretched, and a potential summer drawdown could pressure high-growth Nasdaq ETFs like QQQ if sentiment cools. A Significant Drawdown Is Likely This Summer

Invesco QQQ Price Performance

NASDAQ QQQ opened at $710.93 on Friday. The stock’s 50 day moving average is $615.95 and its 200 day moving average is $616.05. Invesco QQQ has a 12 month low of $486.20 and a 12 month high of $711.23.

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

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.