IPG Investment Advisors LLC decreased its holdings in Invesco QQQ (NASDAQ:QQQ – Free Report) by 6.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,712 shares of the exchange traded fund’s stock after selling 1,190 shares during the quarter. Invesco QQQ makes up 1.9% of IPG Investment Advisors LLC’s portfolio, making the stock its 11th biggest position. IPG Investment Advisors LLC’s holdings in Invesco QQQ were worth $13,044,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of QQQ. CAP Partners LLC raised its position in shares of Invesco QQQ by 3.5% in the 1st quarter. CAP Partners LLC now owns 444 shares of the exchange traded fund’s stock valued at $256,000 after purchasing an additional 15 shares in the last quarter. Durante & Waters LLC increased its stake in shares of Invesco QQQ by 1.1% in the first quarter. Durante & Waters LLC now owns 1,425 shares of the exchange traded fund’s stock worth $822,000 after buying an additional 15 shares during the last quarter. Roxbury Financial LLC raised its holdings in Invesco QQQ by 19.7% in the second quarter. Roxbury Financial LLC now owns 91 shares of the exchange traded fund’s stock valued at $67,000 after acquiring an additional 15 shares in the last quarter. GoalVest Advisory LLC raised its holdings in Invesco QQQ by 0.5% in the second quarter. GoalVest Advisory LLC now owns 3,016 shares of the exchange traded fund’s stock valued at $2,221,000 after acquiring an additional 15 shares in the last quarter. Finally, Forty three Eighteen Advisors LLC boosted its stake in Invesco QQQ by 0.6% during the 1st quarter. Forty three Eighteen Advisors LLC now owns 2,694 shares of the exchange traded fund’s stock valued at $1,555,000 after acquiring an additional 16 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.
Invesco QQQ Price Performance
Shares of QQQ stock opened at $716.31 on Thursday. Invesco QQQ has a 1-year low of $555.60 and a 1-year high of $748.65. The firm has a fifty day moving average of $710.61 and a two-hundred day moving average of $678.22.
Invesco QQQ Increases Dividend
Invesco QQQ News Summary
Here are the key news stories impacting Invesco QQQ this week:
- Positive Sentiment: Some market commentary remains supportive of growth stocks, arguing that the Federal Reserve is unlikely to raise interest rates and that investors could continue to “ride the bull.” Lower or stable rates generally benefit QQQ’s rate-sensitive technology holdings. There Will Be No Fed Rate Hikes
- Positive Sentiment: Invesco QQQ is sponsoring the Atlanta Food & Wine Festival for a 16th year. The event provides brand visibility for Invesco, although it is unlikely to materially affect QQQ’s net asset value or near-term trading. Atlanta Food & Wine Festival Presented by Invesco QQQ
- Neutral Sentiment: Articles comparing QQQ with leveraged ETF TQQQ explain that daily-reset mechanics, volatility drag and financing costs prevent TQQQ from delivering three times QQQ’s longer-term return. The analysis does not change QQQ’s holdings but highlights the fund’s role as the unleveraged Nasdaq-100 benchmark. TQQQ Gained 59.18% While QQQ Gained 24.99%
- Negative Sentiment: Broad-market ETFs declined after midday amid higher oil prices and concerns about inflation, employment and elevated valuations. These pressures are unfavorable for QQQ’s concentrated growth-stock exposure. Exchange-Traded Funds, US Equities Fall After Midday
- Negative Sentiment: Investors are again highlighting that QQQ’s expense ratio is higher than that of comparable Invesco QQQM, which tracks the same Nasdaq-100 Index. That fee gap may encourage long-term investors to favor QQQM, although QQQ retains advantages for liquidity and trading activity. QQQ vs QQQM
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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