Invesco QQQ (NASDAQ:QQQ) Position Lowered by Capital Management Associates Inc

Posted by Editorial Team on Feb 8th, 2025

Capital Management Associates Inc reduced its holdings in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 37,215 shares of the exchange traded fund’s stock after selling 405 shares during the quarter. Invesco QQQ makes up 7.1% of Capital Management Associates Inc’s investment portfolio, making the stock its 5th biggest holding. Capital Management Associates Inc’s holdings in Invesco QQQ were worth $19,025,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in QQQ. Hoese & Co LLP raised its stake in Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 20 shares during the last quarter. Legacy Bridge LLC lifted its holdings in shares of Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 45 shares during the period. BNP Paribas purchased a new position in Invesco QQQ in the 3rd quarter valued at $62,000. Brooklyn Investment Group purchased a new position in Invesco QQQ in the 4th quarter valued at $69,000. Finally, Pacifica Partners Inc. acquired a new position in Invesco QQQ in the 4th quarter valued at $73,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

QQQ stock opened at $522.92 on Friday. The company has a fifty day moving average of $521.00 and a 200-day moving average of $495.29. Invesco QQQ has a one year low of $413.07 and a one year high of $539.15.

Invesco QQQ Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Invesco QQQ Company Profile

(Free Report)

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.