Invesco QQQ $QQQ Shares Bought by GC Wealth Management RIA LLC

GC Wealth Management RIA LLC increased its holdings in Invesco QQQ (NASDAQ:QQQ) by 19.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,935 shares of the exchange traded fund’s stock after acquiring an additional 7,753 shares during the quarter. Invesco QQQ makes up about 1.1% of GC Wealth Management RIA LLC’s holdings, making the stock its 15th biggest position. GC Wealth Management RIA LLC’s holdings in Invesco QQQ were worth $27,667,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Corient Private Wealth LLC lifted its position 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 valued at $13,168,912,000 after acquiring an additional 20,852,432 shares during the period. Bank of America Corp DE raised its holdings in Invesco QQQ by 381.0% in the 4th 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. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of 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 acquiring an additional 375,581 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its stake in 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 purchasing an additional 534,000 shares during the period. Finally, Analyst IMS Investment Management Services Ltd. boosted its holdings in 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 valued at $1,075,091,000 after acquiring an additional 712,026 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 1.9%

Shares of QQQ stock opened at $691.96 on Friday. Invesco QQQ has a fifty-two week low of $551.68 and a fifty-two week high of $748.65. The firm’s 50 day moving average price is $719.36 and its two-hundred day moving average price is $655.76.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 22nd were paid a $0.8135 dividend. This represents a $3.25 annualized dividend and a dividend yield of 0.5%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.73. The ex-dividend date was Monday, June 22nd.

Key Invesco QQQ News

Here are the key news stories impacting Invesco QQQ this week:

• Positive Sentiment: Some commentary remains constructive on the market’s earnings backdrop, with articles noting that earnings growth is still broadening and that large-cap technology fundamentals remain a key driver for index performance.
• Neutral Sentiment: Several pieces focus on QQQ’s long-term track record and comparisons with other funds, but they are more informational than market-moving for the ETF itself. Article Title
• Neutral Sentiment: Analysts and market writers are also debating whether the market is overvalued and whether equity rotation is accelerating, which may add to volatility in growth-heavy ETFs like QQQ.
• Negative Sentiment: Broad-market ETFs and U.S. equities moved lower during the session, and live market coverage pointed to the Dow falling as investors sold stocks ahead of key earnings reports, a backdrop that can weigh on QQQ. Article Title
• Negative Sentiment: Reports that Alphabet and Tesla sold off on earnings news are particularly relevant because both are major components of QQQ, raising concern that heavyweight tech earnings could drag the ETF lower. Article Title

Invesco QQQ Profile

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.