Cherrydale Wealth Management LLC Acquires 2,580 Shares of Invesco QQQ $QQQ

Cherrydale Wealth Management LLC lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 18.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,516 shares of the exchange traded fund’s stock after purchasing an additional 2,580 shares during the quarter. Invesco QQQ comprises approximately 3.1% of Cherrydale Wealth Management LLC’s investment portfolio, making the stock its 9th biggest position. Cherrydale Wealth Management LLC’s holdings in Invesco QQQ were worth $10,146,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Adamsbrown Wealth Consultants LLC raised its holdings in Invesco QQQ by 23.1% in the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 6,181 shares of the exchange traded fund’s stock valued at $3,797,000 after buying an additional 1,159 shares during the period. Avaii Wealth Management LLC boosted its stake in Invesco QQQ by 0.5% during the fourth quarter. Avaii Wealth Management LLC now owns 9,552 shares of the exchange traded fund’s stock worth $5,868,000 after buying an additional 43 shares during the period. Shearwater Capital LLC boosted its stake in Invesco QQQ by 5.0% during the fourth quarter. Shearwater Capital LLC now owns 530 shares of the exchange traded fund’s stock worth $326,000 after buying an additional 25 shares during the period. Mather Group LLC. increased its position in shares of Invesco QQQ by 9.9% during the fourth quarter. Mather Group LLC. now owns 24,422 shares of the exchange traded fund’s stock valued at $15,003,000 after acquiring an additional 2,191 shares during the last quarter. Finally, Granite Group Advisors LLC acquired a new stake in Invesco QQQ in the 4th quarter valued at approximately $928,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

More Invesco QQQ News

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

• Positive Sentiment: Hyperscaler and AI optimism supports large-cap tech names that dominate QQQ, providing a demand tailwind for the ETF. Hyperscalers Are Bullish on AI’s Future
• Neutral Sentiment: Global X launched the NYSE 100 ETF (NYSX), giving investors another large‑cap tech alternative to QQQ; could modestly affect flows over time but not an immediate disruption. Tech Growth Reimagined: Inside Global X’s Launch of NYSX
• Neutral Sentiment: Coverage and analyst pieces continue to highlight QQQ as a core way to get Nasdaq‑100 exposure; that keeps it on investor radars even amid volatility. Should Invesco QQQ (QQQ) Be on Your Investing Radar?
• Neutral Sentiment: Short-term trading ideas (options) tied to Invesco corporate moves have surfaced, which can increase volume and volatility in QQQ but are not a directional guarantee. Use options to play a potential Invesco runup after Janus Henderson deal
• Negative Sentiment: Rising oil prices and renewed Iran‑related geopolitical risk are prompting risk‑off moves that pressure growth/tech‑heavy ETFs like QQQ. Oil Prices Rise +80% Since December – When Will It End?
• Negative Sentiment: Broad ETF selling and midday weakness in US equities pulled major ETFs lower, contributing to downward pressure on QQQ. Exchange-Traded Funds Fall as US Equities Decline After Midday
• Negative Sentiment: Invesco’s launch of an equal‑weight QQQ product (QEW) and other new ETF entrants could reallocate flows away from cap‑weighted QQQ over time. A New ETF Right for These Times

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $562.58 on Friday. The business’s 50 day moving average is $606.07 and its two-hundred day moving average is $609.40. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $637.01.

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 dividend of $0.7328 per share. This represents a $2.93 dividend on an annualized basis and a yield of 0.5%. 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.