Kingdom Financial Group LLC. Acquires Shares of 2,147 Invesco QQQ $QQQ

Kingdom Financial Group LLC. purchased a new position in Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,147 shares of the exchange traded fund’s stock, valued at approximately $1,319,000. Invesco QQQ makes up 0.4% of Kingdom Financial Group LLC.’s investment portfolio, making the stock its 23rd largest holding.

A number of other hedge funds also recently bought and sold shares of the company. Addison Advisors LLC boosted its stake in Invesco QQQ by 4.4% in the 4th quarter. Addison Advisors LLC now owns 1,457 shares of the exchange traded fund’s stock worth $895,000 after purchasing an additional 61 shares in the last quarter. Resolute Wealth Strategies LLC increased its holdings in Invesco QQQ by 2.9% in the 4th quarter. Resolute Wealth Strategies LLC now owns 1,363 shares of the exchange traded fund’s stock worth $837,000 after buying an additional 38 shares in the last quarter. One Degree Advisors Inc increased its holdings in Invesco QQQ by 8.0% in the 4th quarter. One Degree Advisors Inc now owns 1,640 shares of the exchange traded fund’s stock worth $1,007,000 after buying an additional 122 shares in the last quarter. BOK Financial Private Wealth Inc. increased its holdings in Invesco QQQ by 5.7% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 2,449 shares of the exchange traded fund’s stock worth $1,504,000 after buying an additional 132 shares in the last quarter. Finally, Goldenstone Wealth Management LLC bought a new stake in Invesco QQQ in the 4th quarter worth about $542,000. Institutional investors own 44.58% of the company’s stock.

Trending Headlines about Invesco QQQ

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

• Positive Sentiment: NVIDIA’s shareholder returns and AI growth are lifting sentiment toward Nvidia-heavy ETFs such as QQQ, which could help the fund as investors continue to favor large-cap tech exposure. NVIDIA Ramps Up Shareholder Returns: ETFs in Focus
• Positive Sentiment: Market commentary suggested QQQ’s concentration in leaders like NVIDIA, Apple, and Microsoft has been a tailwind during the AI spending boom, reinforcing the ETF’s appeal versus equal-weight Nasdaq products. The AI Capex Cycle Is Crushing Equal-Weight NASDAQ. Here’s Why QQQ’s Concentration Bet Is Winning
• Neutral Sentiment: Broader market articles noted mixed ETF performance and a midday pullback in U.S. equities, which may be limiting upside for QQQ even as growth stocks remain in focus. Exchange-Traded Funds Mixed, US Equities Decline After Midday
• Neutral Sentiment: Several market-commentary pieces pointed to investor caution ahead of key macro and earnings catalysts, suggesting sentiment toward QQQ remains mixed rather than broadly bearish. Dow Jones, Nasdaq And S&P 500 Intraday Levels – Stock Markets Stall, Too Early For The Deal?

Invesco QQQ Trading Up 0.2%

NASDAQ QQQ opened at $714.51 on Friday. Invesco QQQ has a one year low of $505.58 and a one year high of $722.03. The stock has a 50-day moving average of $636.60 and a 200 day moving average of $622.40.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a dividend of $0.7328 per share. 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.