PNC Financial Services Group Inc. lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 2.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,974,572 shares of the exchange traded fund’s stock after selling 61,891 shares during the quarter. Invesco QQQ makes up approximately 1.0% of PNC Financial Services Group Inc.’s portfolio, making the stock its 10th largest holding. PNC Financial Services Group Inc.’s holdings in Invesco QQQ were worth $1,716,864,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the stock. Bank of America Corp DE boosted its stake in Invesco QQQ by 381.0% in the fourth quarter. Bank of America Corp DE now owns 19,547,552 shares of the exchange traded fund’s stock valued at $12,008,257,000 after acquiring an additional 26,505,055 shares during the last quarter. Corient Private Wealth LLC increased its stake in shares of Invesco QQQ by 3,567.7% during 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 last quarter. Delta Global Management LP purchased a new stake in shares of Invesco QQQ during the 4th quarter worth approximately $821,084,000. Align Financial LLC bought a new stake in shares of Invesco QQQ in the 4th quarter worth approximately $78,118,000. Finally, SG Americas Securities LLC raised its holdings in shares of Invesco QQQ by 120.2% in the 4th quarter. SG Americas Securities LLC now owns 213,722 shares of the exchange traded fund’s stock worth $131,292,000 after purchasing an additional 1,270,102 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.
Invesco QQQ Trading Up 1.9%
Invesco QQQ stock opened at $708.97 on Wednesday. The business’s 50 day simple moving average is $720.10 and its 200 day simple moving average is $654.57. Invesco QQQ has a 12 month low of $551.68 and a 12 month high of $748.65.
Invesco QQQ Increases Dividend
Key Headlines Impacting Invesco QQQ
Here are the key news stories impacting Invesco QQQ this week:
- Positive Sentiment: U.S. equities and broad-market ETFs moved higher during the session, which likely lifted QQQ as investors rotated back into large-cap growth and tech exposure. Exchange-Traded Funds Higher as US Equities Advance After Midday
- Positive Sentiment: Market commentary remains constructive on AI infrastructure and large-cap growth, a tailwind for QQQ’s heavily weighted tech holdings. Ahead Of Earnings (Video): Compute, Memory And The AI Infrastructure Buildout
- Positive Sentiment: One market outlook piece argued that improving rates of change support the bull market, reinforcing optimism for equity ETFs tied to growth stocks like QQQ. Improving Rates Of Change Support The Bull Market
- Positive Sentiment: A separate article urged investors to stay bullish despite a rough week, highlighting AI and other cyclical growth areas that can help support QQQ sentiment. Stay Bullish Despite The Rough Week: Aerospace, Finance, Biotech, And AI
- Neutral Sentiment: QQQ’s low-volatility sibling declared a monthly distribution, which is routine fund activity and not a major direct driver for the main Nasdaq-100 ETF. Invesco QQQ low volatility ETF declares monthly distribution of $0.0481
- Neutral Sentiment: Some articles flagged leverage, margin debt, tariffs, inflation, and recession risks, but these are broad market warnings rather than QQQ-specific news. The $1.5 Trillion Warning Signal: Leverage Is Peaking, And History Is Unforgiving
- Neutral Sentiment: Other commentary on energy, China AI, and ETF comparisons adds context, but it does not directly change the near-term outlook for Invesco QQQ Trust (NASDAQ: QQQ). Is First Trust Large Cap Growth AlphaDEX ETF (FTC) a Strong ETF Right Now?
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.
Further Reading
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