National Bank of Canada FI increased its position in Invesco QQQ (NASDAQ:QQQ – Free Report) by 208.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 492,469 shares of the exchange traded fund’s stock after acquiring an additional 332,661 shares during the quarter. National Bank of Canada FI owned about 0.08% of Invesco QQQ worth $302,510,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the business. Goodman Advisory Group LLC purchased a new position in Invesco QQQ in the 3rd quarter valued at approximately $25,000. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Invesco QQQ during the fourth quarter worth $25,000. Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of Invesco QQQ by 2,150.0% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock worth $28,000 after acquiring an additional 43 shares in the last quarter. Shcp LLC bought a new position in shares of Invesco QQQ in the third quarter worth $27,000. Finally, Rachor Investment Advisory Services LLC purchased a new position in shares of Invesco QQQ in the fourth quarter valued at $29,000. 44.58% of the stock is owned by hedge funds and other institutional investors.
Trending Headlines about Invesco QQQ
Here are the key news stories impacting Invesco QQQ this week:
- Positive Sentiment: Major U.S. equity indexes, including the Nasdaq 100, were higher earlier in the session, suggesting some support for QQQ from the broader market rebound. Article Title
- Positive Sentiment: Cheaper oil after the Iran deal could help reduce inflation pressure and improve sentiment for rate-sensitive growth stocks held in QQQ. Article Title
- Neutral Sentiment: Articles comparing QQQ with other ETFs, including quantum-computing and AI-focused funds, highlight investor interest in tech exposure but do not point to a direct catalyst for the ETF itself. Article Title
- Neutral Sentiment: Commentary on QQQ’s AI exposure and recent relative performance versus specialized AI ETFs may keep attention on the fund, but it is mostly a valuation discussion rather than a new fundamental driver. Article Title
- Negative Sentiment: Several market commentary pieces point to the Nasdaq and broader indices taking a breather after the prior rally, which can weigh on QQQ in the near term. Article Title
- Negative Sentiment: Concerns about inflation, Fed policy, housing weakness, and potential market “trap” risks add caution for investors in growth-heavy Nasdaq holdings like QQQ. Article Title
Invesco QQQ Trading Down 1.9%
Invesco QQQ Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders 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 0.4%. The ex-dividend date of this dividend 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.
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