Cannon Advisors Inc. Has $9.28 Million Holdings in Invesco QQQ $QQQ

Cannon Advisors Inc. lessened its position in Invesco QQQ (NASDAQ:QQQ) by 7.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,972 shares of the exchange traded fund’s stock after selling 1,169 shares during the quarter. Invesco QQQ makes up about 6.6% of Cannon Advisors Inc.’s investment portfolio, making the stock its 2nd largest holding. Cannon Advisors Inc.’s holdings in Invesco QQQ were worth $9,276,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in QQQ. Fifth Third Wealth Advisors LLC grew its stake in Invesco QQQ by 1.0% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 7,448 shares of the exchange traded fund’s stock worth $4,575,000 after purchasing an additional 74 shares during the period. Shrier Wealth Management LLC purchased a new position in Invesco QQQ during the fourth quarter valued at $1,077,000. Avant Financial Advisors LLC lifted its position in Invesco QQQ by 2.2% during the fourth quarter. Avant Financial Advisors LLC now owns 929 shares of the exchange traded fund’s stock valued at $571,000 after buying an additional 20 shares during the period. Brady Martz Wealth Solutions LLC bought a new stake in shares of Invesco QQQ during the 4th quarter valued at $307,000. Finally, Dock Street Asset Management Inc. boosted its holdings in shares of Invesco QQQ by 10.8% during the 4th quarter. Dock Street Asset Management Inc. now owns 3,836 shares of the exchange traded fund’s stock valued at $2,356,000 after buying an additional 374 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: Several commentators argue the pullback creates a buying opportunity for QQQ given its tech leadership and concentration in high-quality growth names; this narrative supports demand from long-term and tactical buyers. Is QQQ Still Worth Buying After the Market’s Recent Slide?
• Positive Sentiment: Some market strategists say the correction was anticipated and that capitulation can set the stage for a tactical rebound in growth-heavy indices, which could support QQQ outperformance if risk appetite returns. We Got The Anticipated Correction; Now We Can Get Bullish
• Neutral Sentiment: Options-market activity shows heavy institutional flow into QQQ puts and calls; traders are using straddles/strangles to express views or hedge — this increases short-term volatility and can lead to sharp moves in either direction. One Member Turned Volatility Into 536% in a Day… Here’s How We Spot The Next Market Meltdown Winner
• Neutral Sentiment: Intraday ETF flows are mixed across U.S. equity ETFs — QQQ can see larger swings as traders rotate between safety (energy, commodities) and growth. Monitor volume and put/call skew for short-term direction. Exchange-Traded Funds, US Equities Mixed After Midday
• Negative Sentiment: Broad headlines confirm the Nasdaq/Nasdaq-100 are in correction territory after ~10% declines from highs; this macro selling pressure is a core driver of QQQ’s recent weakness. The Nasdaq Is Officially in a Correction. Here’s What Investors Should Do, According to History.
• Negative Sentiment: Coverage noting QQQ is down double-digits since February highlights ongoing outflows and rotation away from mega-cap tech amid macro uncertainty — a continued headwind until volatility and geopolitical risk ease. What Correction? 4 Nasdaq Stocks on a Roll That Still Have More Upside
• Negative Sentiment: Rising oil prices, elevated VIX/VVIX readings and a stronger dollar (references in recent coverage) favor a risk-off stance that typically pressures growth and tech-heavy ETFs like QQQ until the macro picture stabilizes. The Dollar’s Strength

Invesco QQQ Stock Up 3.4%

NASDAQ:QQQ opened at $577.10 on Wednesday. The firm’s 50-day moving average price is $604.19 and its 200-day moving average price is $609.56. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $637.01.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a dividend of $0.7328 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.93 annualized dividend and a yield of 0.5%.

Invesco QQQ Company 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.