WT Wealth Management lifted its holdings in Invesco QQQ (NASDAQ:QQQ – Free Report) by 33.6% in the 2nd quarter, Holdings Channel reports. The firm owned 4,341 shares of the exchange traded fund’s stock after acquiring an additional 1,091 shares during the period. Invesco QQQ accounts for 0.9% of WT Wealth Management’s portfolio, making the stock its 26th biggest holding. WT Wealth Management’s holdings in Invesco QQQ were worth $3,197,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the stock. Bank of America Corp DE increased its position 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 worth $12,008,257,000 after purchasing an additional 26,505,055 shares during the last quarter. Corient Private Wealth LLC increased its position in shares of Invesco QQQ by 3,567.7% during the fourth 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 in the last quarter. Delta Global Management LP purchased a new position in shares of Invesco QQQ in the 4th quarter valued at approximately $821,084,000. Align Financial LLC purchased a new position in Invesco QQQ during the 4th quarter worth approximately $78,118,000. Finally, Bank of Montreal Can raised its position in shares of Invesco QQQ by 142.4% in the fourth quarter. Bank of Montreal Can now owns 1,431,050 shares of the exchange traded fund’s stock worth $877,406,000 after acquiring an additional 840,803 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.
Invesco QQQ Trading Down 0.2%
NASDAQ QQQ opened at $729.87 on Tuesday. The business’s fifty day simple moving average is $713.40 and its 200-day simple moving average is $665.87. Invesco QQQ has a 52 week low of $555.60 and a 52 week high of $748.65.
Invesco QQQ Increases Dividend
Invesco QQQ News Roundup
Here are the key news stories impacting Invesco QQQ this week:
- Positive Sentiment: QQQ’s Nasdaq-100 exposure remains supported by strong large-cap technology performance. One analysis says the ETF has gained more than 19% this year and argues that Wall Street may see additional upside, although valuation and concentration risks remain. Invesco QQQ Trust ETF Is Up 19% YTD
- Positive Sentiment: Cooling July consumer inflation was described as favorable for the Federal Reserve, potentially improving the case for lower interest rates. Falling yields generally support growth-oriented technology stocks and QQQ holdings. July CPI: Good News for the Fed
- Positive Sentiment: Several market outlooks remain constructive, citing strong S&P 500 earnings growth, favorable historical patterns, and technical signals that could support continued equity gains. These trends are indirectly supportive of QQQ. S&P 500 Earnings Growth Drives a Bullish Outlier
- Positive Sentiment: Invesco ETFs recorded approximately $373 million in daily inflows on August 14, indicating continued investor demand for the issuer’s products, though the report does not identify how much went specifically into QQQ. ETF League Tables: Invesco Registers Inflows
- Neutral Sentiment: QQQ and QQQM provide similar Nasdaq-100 exposure; QQQM may be more attractive for long-term investors because of its lower expense ratio, while QQQ offers greater trading liquidity. This creates a potential allocation trade-off within Invesco’s lineup. QQQ vs. QQQM
- Negative Sentiment: Markets face greater uncertainty over the Fed’s next move, while a July retail-sales decline raises concerns about a possible economic-growth slowdown. Higher-for-longer rates or weaker growth could pressure QQQ’s richly valued technology holdings. Fed’s Next Rate Move Got More Complicated
- Negative Sentiment: Options-based buffered ETFs are being promoted as alternatives for investors worried that the bull market could break. Their growing appeal highlights downside-protection demand and may limit enthusiasm for an unhedged, growth-heavy fund such as QQQ. Three ETFs Built to Protect Your Money
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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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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