Diesslin Group Inc. increased its position in Invesco QQQ (NASDAQ:QQQ – Free Report) by 14.1% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 52,745 shares of the exchange traded fund’s stock after buying an additional 6,513 shares during the quarter. Invesco QQQ comprises 15.0% of Diesslin Group Inc.’s holdings, making the stock its 2nd largest position. Diesslin Group Inc.’s holdings in Invesco QQQ were worth $38,842,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also bought and sold shares of the business. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Invesco QQQ in the 4th quarter valued at $25,000. Shcp LLC bought a new stake in Invesco QQQ in the third quarter worth $27,000. Annis Gardner Whiting Capital Advisors LLC boosted its position in 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 valued at $28,000 after buying an additional 43 shares during the period. Parvin Asset Management LLC bought a new position in shares of Invesco QQQ during the first quarter valued at about $28,000. Finally, Rachor Investment Advisory Services LLC purchased a new position in shares of Invesco QQQ in the fourth quarter worth about $29,000. 44.58% of the stock is currently owned by institutional investors.
Invesco QQQ Price Performance
NASDAQ QQQ opened at $700.07 on Tuesday. Invesco QQQ has a 1-year low of $555.60 and a 1-year high of $748.65. The stock has a 50-day moving average of $715.28 and a 200-day moving average of $658.64.
Invesco QQQ Increases Dividend
More Invesco QQQ News
Here are the key news stories impacting Invesco QQQ this week:
- Positive Sentiment: QQQ benefited from a broad technology rally, with the Nasdaq advancing more strongly than the S&P 500 and Dow as investors favored AI infrastructure and other growth stocks. 3 Stocks Surging Most as the Nasdaq Jumps 1.85% in Today’s Midday Rally
- Positive Sentiment: Investor optimism around continued artificial-intelligence spending remains supportive for QQQ, whose Nasdaq-100 holdings include many of the largest hyperscalers and technology companies. 4 Hyperscalers, One Message: The AI Trade Isn’t Over
- Positive Sentiment: Recent commentary says corporate earnings are exceeding expectations despite macroeconomic headwinds, reinforcing the fundamental case for QQQ’s growth-oriented holdings. Despite the Headwinds, Earnings Are Exploding to the Upside
- Neutral Sentiment: SpaceX’s addition to the Nasdaq-100 generated attention, but its current index weighting is small, so it has limited immediate influence on QQQ’s performance. Is QQQ Worth Buying Now That SpaceX Has Joined the Nasdaq-100?
- Neutral Sentiment: QQQ remains one of the three ETFs with exposure to all seven “Magnificent 7” stocks; comparisons of its concentration, fees and returns highlight its continued appeal but also its dependence on a relatively narrow group of mega-cap companies. The 3 ETFs That Hold the Most Magnificent 7
- Negative Sentiment: Invesco reportedly recorded $5.6 billion in ETF outflows on July 31. The data appears to cover the broader Invesco ETF lineup, so the direct effect on QQQ is unclear, but it may signal weaker demand for some products. ETF League Tables: Invesco Loses $5.6B
- Negative Sentiment: A potential breakout in Treasury yields could pressure richly valued Nasdaq-100 growth stocks by increasing discount rates and making bonds more attractive relative to equities. A Major Breakout in Treasury Yields May Be Underway
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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Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ – Free Report).
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