Clare Market Investments LLC acquired a new stake in Invesco QQQ (NASDAQ:QQQ – Free Report) in the 1st quarter, Holdings Channel reports. The institutional investor acquired 14,285 shares of the exchange traded fund’s stock, valued at approximately $8,245,000. Invesco QQQ comprises approximately 1.7% of Clare Market Investments LLC’s holdings, making the stock its 12th biggest position.
A number of other institutional investors also recently modified their holdings of QQQ. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $25,000. Annis Gardner Whiting Capital Advisors LLC raised its position in Invesco QQQ by 2,150.0% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 43 shares during the last quarter. Shcp LLC bought a new position in Invesco QQQ in the 3rd quarter worth approximately $27,000. Rachor Investment Advisory Services LLC acquired a new position in Invesco QQQ during the 4th quarter worth $29,000. Finally, Islay Capital Management LLC acquired a new position in Invesco QQQ during the 4th quarter worth $32,000. 44.58% of the stock is owned by institutional investors.
Invesco QQQ Price Performance
NASDAQ QQQ opened at $713.87 on Tuesday. The stock has a fifty day moving average of $712.54 and a 200-day moving average of $646.51. Invesco QQQ has a 52 week low of $551.10 and a 52 week high of $748.65.
Invesco QQQ Increases Dividend
Invesco QQQ News Roundup
Here are the key news stories impacting Invesco QQQ this week:
- Positive Sentiment: SpaceX is joining the Nasdaq-100, which means QQQ — as a Nasdaq-100 ETF — will gain indirect exposure to the company and may see passive index-related buying as index funds add the new holding. Article Title
- Positive Sentiment: Multiple reports highlight that funds tracking the Nasdaq-100 must buy SpaceX, with investors viewing the addition as a fresh catalyst for the index and its ETF products. Article Title
- Neutral Sentiment: Market commentary shows retail sentiment around QQQ remains bullish, while broader futures action is mixed and tech stocks are reacting to Samsung-driven chip weakness. Article Title
- Negative Sentiment: Some articles warn that QQQ’s tech-heavy structure leaves it more volatile than broader index funds like VOO, which could limit enthusiasm among long-term investors if growth stocks cool. Article Title
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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