Petros Family Wealth LLC lifted its holdings in Invesco QQQ (NASDAQ:QQQ – Free Report) by 203.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,384 shares of the exchange traded fund’s stock after purchasing an additional 928 shares during the quarter. Petros Family Wealth LLC’s holdings in Invesco QQQ were worth $850,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of QQQ. Fifth Third Securities Inc. raised its holdings in Invesco QQQ by 2.6% during the third quarter. Fifth Third Securities Inc. now owns 109,863 shares of the exchange traded fund’s stock worth $65,959,000 after purchasing an additional 2,822 shares in the last quarter. SK Wealth Management LLC bought a new position in Invesco QQQ during the 3rd quarter valued at $803,000. Great Point Wealth Advisors LLC bought a new position in Invesco QQQ during the 3rd quarter valued at $507,000. Strengthening Families & Communities LLC acquired a new position in shares of Invesco QQQ during the 3rd quarter valued at $10,771,000. Finally, Coyle Financial Counsel LLC increased its position in shares of Invesco QQQ by 4.9% during the 3rd quarter. Coyle Financial Counsel LLC now owns 43,458 shares of the exchange traded fund’s stock valued at $26,091,000 after purchasing an additional 2,035 shares during the period. 44.58% of the stock is currently owned by institutional investors.
Invesco QQQ Price Performance
QQQ opened at $562.58 on Friday. The stock’s fifty day moving average is $606.07 and its 200-day moving average is $609.61. Invesco QQQ has a one year low of $402.39 and a one year high of $637.01.
Invesco QQQ Cuts Dividend
Key Invesco QQQ News
Here are the key news stories impacting Invesco QQQ this week:
- Positive Sentiment: Hyperscaler and AI optimism supports large-cap tech names that dominate QQQ, providing a demand tailwind for the ETF. Hyperscalers Are Bullish on AI’s Future
- Neutral Sentiment: Global X launched the NYSE 100 ETF (NYSX), giving investors another large‑cap tech alternative to QQQ; could modestly affect flows over time but not an immediate disruption. Tech Growth Reimagined: Inside Global X’s Launch of NYSX
- Neutral Sentiment: Coverage and analyst pieces continue to highlight QQQ as a core way to get Nasdaq‑100 exposure; that keeps it on investor radars even amid volatility. Should Invesco QQQ (QQQ) Be on Your Investing Radar?
- Neutral Sentiment: Short-term trading ideas (options) tied to Invesco corporate moves have surfaced, which can increase volume and volatility in QQQ but are not a directional guarantee. Use options to play a potential Invesco runup after Janus Henderson deal
- Negative Sentiment: Rising oil prices and renewed Iran‑related geopolitical risk are prompting risk‑off moves that pressure growth/tech‑heavy ETFs like QQQ. Oil Prices Rise +80% Since December – When Will It End?
- Negative Sentiment: Broad ETF selling and midday weakness in US equities pulled major ETFs lower, contributing to downward pressure on QQQ. Exchange-Traded Funds Fall as US Equities Decline After Midday
- Negative Sentiment: Invesco’s launch of an equal‑weight QQQ product (QEW) and other new ETF entrants could reallocate flows away from cap‑weighted QQQ over time. A New ETF Right for These Times
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.
See Also
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