McIlrath & Eck LLC cut its qqq holdings by 13.3% in the fourth quarter, selling 3,614 shares and leaving it with 23,635 shares. The stake was still worth $14,519,000 in the firm’s latest SEC filing, with Invesco QQQ accounting for about 1.3% of the portfolio.
McIlrath & Eck’s 23,635 shares
23,635 shares made Invesco QQQ McIlrath & Eck’s 24th largest position, which shows the fund stayed in the ETF even after the trim. The move came during a quarter when other institutions were still adding small stakes, not backing away from the fund entirely.
44.58% of Invesco QQQ was owned by hedge funds and other institutional investors, giving this filing more weight than a one-off portfolio adjustment. Goodman Advisory Group LLC bought a new position worth $25,000 in the third quarter, while Shcp LLC added a stake valued at about $27,000.
Rachor and smaller QQQ buyers
$29,000 marked the value of Rachor Investment Advisory Services LLC’s new fourth-quarter stake, after Measured Wealth Private Client Group LLC bought $40,000 in the third quarter and Barnes Dennig Private Wealth Management LLC bought $42,000 in the same period. Those purchases point to ongoing institutional accumulation even as one larger holder reduced exposure.
$681.57 was Invesco QQQ’s opening price on Wednesday, near its $682.77 52-week high and well above its $612.32 50-day simple moving average and $614.73 200-day simple moving average. The fund also carried a $0.7328 per-share quarterly dividend, equal to a $2.93 annualized dividend and a 0.4% yield, paid on Friday, March 27, after the Monday, March 23, record date and ex-dividend date.
QQQ near its highs
$476.78 was QQQ’s 52-week low, so the current level leaves the ETF trading much closer to its peak than its floor. If the recent buying by smaller institutions keeps up, the fourth-quarter trim from McIlrath & Eck looks more like a position reset than a wholesale exit.
