One Capital Management LLC decreased its position in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 1.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,429 shares of the exchange traded fund’s stock after selling 1,086 shares during the period. Invesco QQQ makes up 1.3% of One Capital Management LLC’s holdings, making the stock its 17th biggest position. One Capital Management LLC’s holdings in Invesco QQQ were worth $42,037,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its position 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 worth $2,179,321,000 after buying an additional 375,581 shares during the period. PNC Financial Services Group Inc. increased its position in Invesco QQQ by 0.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,071,021 shares of the exchange traded fund’s stock worth $1,843,749,000 after buying an additional 8,038 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Invesco QQQ by 2.2% in the third quarter. Envestnet Asset Management Inc. now owns 2,986,326 shares of the exchange traded fund’s stock worth $1,792,901,000 after purchasing an additional 64,025 shares during the period. Analyst IMS Investment Management Services Ltd. increased its position in shares of Invesco QQQ by 68.6% in the fourth quarter. Analyst IMS Investment Management Services Ltd. now owns 1,750,079 shares of the exchange traded fund’s stock worth $1,075,091,000 after purchasing an additional 712,026 shares during the period. Finally, US Bancorp DE increased its position in shares of Invesco QQQ by 0.5% in the third quarter. US Bancorp DE now owns 1,378,057 shares of the exchange traded fund’s stock worth $827,346,000 after purchasing an additional 7,378 shares during the period. Institutional investors own 44.58% of the company’s stock.
Invesco QQQ Stock Performance
Shares of NASDAQ QQQ opened at $742.74 on Tuesday. Invesco QQQ has a 52 week low of $515.97 and a 52 week high of $745.65. The stock’s fifty day moving average is $655.03 and its 200 day moving average is $627.83.
Invesco QQQ Cuts Dividend
Key Headlines Impacting Invesco QQQ
Here are the key news stories impacting Invesco QQQ this week:
- Positive Sentiment: Futures and broader market indicators started the day on a strong footing, with tech leadership helping sentiment and QQQ showing only cautious retail positioning despite the upbeat opening tone. Nasdaq, S&P 500 Futures Open June On Strong Footing: Why NVDA, DELL, HPE, TSM, TSLA, SPCE, RVMD Are In Focus
- Positive Sentiment: Risk appetite remains supported by enthusiasm for semiconductor and AI-related stocks, which can lift the Nasdaq-100 and the Invesco QQQ (QQQ) ETF because of its heavy exposure to mega-cap tech. The Semiconductor Play Nobody Owns Just Lapped Wall Street’s Biggest Names
- Neutral Sentiment: U.S. equity ETFs and broad market gauges were mixed after midday, suggesting no clear market-wide catalyst driving QQQ in either direction. Exchange-Traded Funds, US Equities Mixed After Midday
- Neutral Sentiment: Retail sentiment on QQQ was described as cautious and neutral, indicating traders are not aggressively positioning for a breakout despite the recent strength. Profitless Tech Surges 57% As Wall Street Signals Caution
- Negative Sentiment: Geopolitical tension in the Middle East and higher oil prices are pressuring premarket sentiment, which can weigh on growth stocks and the Invesco QQQ (QQQ) by reviving inflation and rate concerns. Pre-Markets Turn South on News from Middle East
- Negative Sentiment: Wall Street strategists are warning that rising yields and speculative behavior could hurt high-growth, money-losing tech names, a potential headwind for QQQ’s tech-heavy portfolio. Profitless Tech Surges 57% As Wall Street Signals Caution
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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