Envestnet Asset Management Inc. grew its holdings in Invesco QQQ (NASDAQ:QQQ – Free Report) by 1.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,038,610 shares of the exchange traded fund’s stock after purchasing an additional 30,083 shares during the period. Envestnet Asset Management Inc.’s holdings in Invesco QQQ were worth $2,237,606,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in the stock. Corient Private Wealth LLC boosted its position 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 valued at $13,168,912,000 after buying an additional 20,852,432 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Invesco QQQ by 21.4% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,025,000 shares of the exchange traded fund’s stock worth $1,858,288,000 after acquiring an additional 534,000 shares during the period. Analyst IMS Investment Management Services Ltd. increased its position in shares of Invesco QQQ by 0.3% during 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 acquiring an additional 4,751 shares during the period. HighTower Advisors LLC raised its stake in shares of Invesco QQQ by 3.1% during the second quarter. HighTower Advisors LLC now owns 1,230,679 shares of the exchange traded fund’s stock valued at $906,272,000 after acquiring an additional 36,923 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its stake in shares of Invesco QQQ by 3.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,154,740 shares of the exchange traded fund’s stock valued at $709,369,000 after acquiring an additional 37,166 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.
Invesco QQQ Stock Down 0.8%
Shares of NASDAQ QQQ traded down $6.25 during trading hours on Wednesday, reaching $741.21. The stock had a trading volume of 33,042,396 shares, compared to its average volume of 49,214,777. Invesco QQQ has a 52-week low of $555.60 and a 52-week high of $748.65. The business’s fifty day moving average price is $710.97 and its two-hundred day moving average price is $685.25.
Invesco QQQ Cuts Dividend
Key Stories Impacting Invesco QQQ
Here are the key news stories impacting Invesco QQQ this week:
- Positive Sentiment: Falling Treasury yields and continued enthusiasm for artificial-intelligence companies have helped drive the Nasdaq-100 higher, benefiting QQQ’s large technology and communications-services holdings. Why is QQQ rising? AI stocks rally as Treasury yields fall below 5%
- Positive Sentiment: Market commentary suggests the summer consolidation may be ending, potentially setting up a stronger breakout if momentum persists. That outlook could encourage additional flows into growth-focused ETFs such as QQQ. Rejoice! The Summer Stock Slump is Over
- Positive Sentiment: Invesco launched the Invesco Nasdaq International Innovators 100 ETF (QQI), expanding its innovation-focused product suite beyond U.S. companies. The launch does not directly change QQQ’s holdings, but it may strengthen Invesco’s ETF franchise and innovation branding. The Invesco QQQ Innovation Suite Expands with the Launch of QQI
- Neutral Sentiment: A recent dividend announcement drew attention to QQQ and may have supported investor interest, although distributions generally do not alter the ETF’s underlying earnings outlook. Invesco QQQ Shares Up After Dividend Announcement
- Negative Sentiment: BlackRock’s lower-cost ETF tracking the same Nasdaq-100 index increases fee competition and could eventually pressure QQQ’s asset flows or pricing power. BlackRock Just Declared War on QQQ
- Negative Sentiment: Analysts continue to warn that QQQ and the broader technology sector are vulnerable to concentration risk, elevated valuations, and a potential pullback if AI enthusiasm fades or interest rates rise. The Hidden Tech Trap Destroying Your Portfolio
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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