Invesco QQQ Stake Changes Among Investors

Clear Creek Financial Management LLC has recently reduced its holdings in Invesco QQQ (NASDAQ:QQQ) by 27.3% during the third quarter, as per their latest Form 13F filing with the Securities and Exchange Commission (SEC). After this adjustment, the firm now owns 65,633 shares of the exchange-traded fund (ETF).

In contrast, Private Wealth Partners LLC has increased its position in Invesco QQQ by 5.7% in the same quarter. This increase followed the purchase of 1,977 additional shares, bringing their total ownership to 36,725 shares. The Invesco QQQ makes up 1.4% of Private Wealth Partners LLC's portfolio and is their 22nd largest holding, valued at approximately $17,924,000 by the end of the recent quarter.

Other institutional investors have also made significant changes to their positions in Invesco QQQ. International Assets Investment Management LLC notably increased its stake by an astounding 46,491.6%, gaining 32,586,150 shares worth about $15.9 billion after acquiring an extra 32,516,210 shares last quarter. Similarly, Steel Grove Capital Advisors LLC added more shares to its position, increasing by 934.0% in the first quarter, now holding a total of 3,434,759 shares valued at $1.525 billion.

Strategic Financial Concepts LLC also reported a dramatic increase in its holdings, rising by 18,691.3% in the second quarter to own 2,777,351 shares worth approximately $13.3 million. Granite Bay Wealth Management LLC raised its stake by 6,215.5% during the same period, now holding 908,924 shares valued at around $409.5 million. Harvard Management Co. Inc. made a new investment in Invesco QQQ during the first quarter amounting to $304.6 million. Overall, 44.58% of the stock is owned by hedge funds and various institutional investors.

Recent Performance of Invesco QQQ Shares

As of the latest trading session, Invesco QQQ shares opened at $487.43. The ETF has recorded a 52-week low of $360.30 and a high of $503.52. The current fifty-day moving average stands at $481.80, with a 200-day moving average of $468.80.

Dividend Information

Invesco QQQ has recently declared a quarterly dividend, which was distributed on October 31st. Shareholders registered as of September 23rd received a dividend of $0.677, translating to an annualized dividend of $2.71, giving a yield of 0.56%. The ex-dividend date was on September 23rd.

Understanding Invesco QQQ

The PowerShares QQQ Trust, Series 1, is a unit investment trust that issues Nasdaq-100 Index Tracking Stock. The aim of the Trust is to provide results that align closely with the price and yield performance of the Nasdaq-100 Index. By investing in QQQ, individuals can purchase units reflecting their ownership in the portfolio of securities held by the Trust, which comprises nearly all the securities within the Nasdaq-100 Index.

Conclusion

Invesco QQQ remains a popular choice among investors, with many institutional shifts occurring recently. Tracking these changes can provide insights into market trends and investment strategies. For more detailed information on QQQ and other financial assets, consulting financial analysts or market reports can yield beneficial knowledge.

investment, ETF, portfolio