Praxis Capital Management LLC Makes New $3.01 Million Investment in Invesco QQQ $QQQ

Praxis Capital Management LLC purchased a new position in shares of Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 4,900 shares of the exchange traded fund’s stock, valued at approximately $3,010,000. Invesco QQQ makes up 10.8% of Praxis Capital Management LLC’s holdings, making the stock its 2nd largest holding.

Other large investors also recently modified their holdings of the company. Goodman Advisory Group LLC bought a new position in shares of Invesco QQQ in the 3rd quarter worth $25,000. Shcp LLC bought a new position in shares of Invesco QQQ in the 3rd quarter worth $27,000. Rachor Investment Advisory Services LLC bought a new position in shares of Invesco QQQ in the 4th quarter worth $29,000. Measured Wealth Private Client Group LLC bought a new position in shares of Invesco QQQ in the 3rd quarter worth $40,000. Finally, Morgan Dempsey Capital Management LLC lifted its holdings in shares of 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. 44.58% of the stock is currently owned by institutional investors.

More Invesco QQQ News

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

• Positive Sentiment: Nvidia’s buybacks, dividend increase, and AI growth are putting Nasdaq-heavy ETFs like QQQ in focus, reinforcing demand for large-cap tech exposure. NVIDIA Ramps Up Shareholder Returns: ETFs in Focus
• Positive Sentiment: Semiconductor strength remains a tailwind for QQQ, as the sector’s long-running rally continues to support growth-oriented technology indexes. Is the VanEck Semiconductor ETF the Right ETF to Own as We Head Into June?
• Neutral Sentiment: Some market commentary suggests ETFs are increasingly dominating trading flows, but the article is more thematic than a direct driver for QQQ today. ETF Zoo: Why Rebalancing Killed the ARK Star
• Negative Sentiment: Earlier market coverage pointed to mixed ETF performance and a pullback in U.S. equities, which can weigh on QQQ when traders rotate out of growth stocks. Exchange-Traded Funds Mixed, US Equities Decline After Midday

Invesco QQQ Trading Up 0.4%

Shares of QQQ opened at $717.54 on Friday. Invesco QQQ has a 12-month low of $505.58 and a 12-month high of $722.12. The business’s fifty day moving average is $638.80 and its 200 day moving average is $623.07.

Invesco QQQ Cuts Dividend

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

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.