Capital Analysts LLC raised its position in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 9.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,390 shares of the exchange traded fund’s stock after buying an additional 781 shares during the quarter. Capital Analysts LLC’s holdings in Invesco QQQ were worth $6,915,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the company. Corient Private Wealth LLC boosted its stake in Invesco QQQ by 3,567.7% in the 4th quarter. Corient Private Wealth LLC now owns 21,436,917 shares of the exchange traded fund’s stock worth $13,168,912,000 after purchasing an additional 20,852,432 shares during the period. Bank of America Corp DE boosted its position in Invesco QQQ by 381.0% during the 4th quarter. Bank of America Corp DE now owns 19,547,552 shares of the exchange traded fund’s stock worth $12,008,257,000 after acquiring an additional 26,505,055 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in Invesco QQQ by 11.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,547,591 shares of the exchange traded fund’s stock valued at $2,179,321,000 after acquiring an additional 375,581 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Invesco QQQ by 21.4% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,025,000 shares of the exchange traded fund’s stock valued at $1,858,288,000 after purchasing an additional 534,000 shares during the period. Finally, Analyst IMS Investment Management Services Ltd. lifted its position in shares of Invesco QQQ by 0.3% in the second quarter. Analyst IMS Investment Management Services Ltd. now owns 1,787,559 shares of the exchange traded fund’s stock worth $1,316,358,000 after purchasing an additional 4,751 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.
Invesco QQQ Stock Down 0.1%
Shares of QQQ opened at $718.36 on Wednesday. The company’s 50 day moving average price is $710.79 and its 200 day moving average price is $677.43. Invesco QQQ has a 52 week low of $555.60 and a 52 week high of $748.65.
Invesco QQQ Increases Dividend
Key Invesco QQQ News
Here are the key news stories impacting Invesco QQQ this week:
- Positive Sentiment: QQQ continues to benefit from the strong performance of high-growth technology companies. A recent review noted that the ETF would have grown an investment roughly sixfold over the past decade, reinforcing investor interest in its Nasdaq-100 exposure. This ETF Would Have Increased Your Investment by 6x Over the Past 10 Years
- Positive Sentiment: Expectations that the Federal Reserve will not raise interest rates in the near term are supportive for growth stocks, whose valuations are especially sensitive to borrowing costs. There Will Be No Fed Rate Hikes
- Positive Sentiment: QQQ’s fee structure has reportedly improved after a structural change, potentially making the fund more competitive with lower-cost alternatives and helping retain long-term investors. QQQ Charged 0.20% for Years
- Neutral Sentiment: Investors are comparing QQQ with Invesco QQQM, which tracks the same Nasdaq-100 holdings but generally emphasizes lower costs. The comparison could encourage cost-conscious investors to favor QQQM, even though both funds provide similar underlying exposure. QQQ vs QQQM
- Negative Sentiment: Higher oil prices and concerns about inflation could pressure equities by keeping interest rates elevated. Upcoming CPI data is viewed as particularly important for determining the market’s next direction. Markets Move To The Downside Amid Uptick In Oil Prices
- Negative Sentiment: Articles warning of increased sell-off risk, stretched valuations and a potential AI bubble are a headwind for QQQ because technology and AI leaders represent a large share of the ETF. Risks Increased For A Stock Market Sell-Off
About Invesco QQQ
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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