Cercano Management LLC lessened its stake in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 14.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 48,739 shares of the exchange traded fund’s stock after selling 8,212 shares during the period. Invesco QQQ makes up approximately 1.1% of Cercano Management LLC’s portfolio, making the stock its 18th biggest position. Cercano Management LLC’s holdings in Invesco QQQ were worth $29,941,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of QQQ. Three Bridge Wealth Advisors LLC boosted its stake in Invesco QQQ by 3.0% during the 4th quarter. Three Bridge Wealth Advisors LLC now owns 34,780 shares of the exchange traded fund’s stock valued at $21,366,000 after purchasing an additional 1,029 shares during the last quarter. COFG Advisors LLC acquired a new position in Invesco QQQ during the 4th quarter valued at about $2,202,000. Sage Investment Advisers LLC acquired a new position in Invesco QQQ during the 4th quarter valued at about $3,384,000. Gill Capital Partners LLC boosted its stake in Invesco QQQ by 5.7% during the 4th quarter. Gill Capital Partners LLC now owns 24,507 shares of the exchange traded fund’s stock valued at $15,055,000 after purchasing an additional 1,316 shares during the last quarter. Finally, Opulen Financial Group LLC boosted its stake in Invesco QQQ by 1.1% during the 4th quarter. Opulen Financial Group LLC now owns 4,475 shares of the exchange traded fund’s stock valued at $2,749,000 after purchasing an additional 50 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.
Invesco QQQ Price Performance
Invesco QQQ stock opened at $742.74 on Tuesday. Invesco QQQ has a 52 week low of $515.97 and a 52 week high of $745.65. The company’s 50 day moving average price is $655.03 and its two-hundred day moving average price is $627.83.
Invesco QQQ Cuts Dividend
Trending Headlines about Invesco QQQ
Here are the key news stories impacting Invesco QQQ this week:
- Positive Sentiment: Futures and broader market indicators started the day on a strong footing, with tech leadership helping sentiment and QQQ showing only cautious retail positioning despite the upbeat opening tone. Nasdaq, S&P 500 Futures Open June On Strong Footing: Why NVDA, DELL, HPE, TSM, TSLA, SPCE, RVMD Are In Focus
- Positive Sentiment: Risk appetite remains supported by enthusiasm for semiconductor and AI-related stocks, which can lift the Nasdaq-100 and the Invesco QQQ (QQQ) ETF because of its heavy exposure to mega-cap tech. The Semiconductor Play Nobody Owns Just Lapped Wall Street’s Biggest Names
- Neutral Sentiment: U.S. equity ETFs and broad market gauges were mixed after midday, suggesting no clear market-wide catalyst driving QQQ in either direction. Exchange-Traded Funds, US Equities Mixed After Midday
- Neutral Sentiment: Retail sentiment on QQQ was described as cautious and neutral, indicating traders are not aggressively positioning for a breakout despite the recent strength. Profitless Tech Surges 57% As Wall Street Signals Caution
- Negative Sentiment: Geopolitical tension in the Middle East and higher oil prices are pressuring premarket sentiment, which can weigh on growth stocks and the Invesco QQQ (QQQ) by reviving inflation and rate concerns. Pre-Markets Turn South on News from Middle East
- Negative Sentiment: Wall Street strategists are warning that rising yields and speculative behavior could hurt high-growth, money-losing tech names, a potential headwind for QQQ’s tech-heavy portfolio. Profitless Tech Surges 57% As Wall Street Signals Caution
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.
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