Graetz Wealth LLC Buys Shares of 12,905 Invesco QQQ $QQQ

Graetz Wealth LLC bought a new stake in Invesco QQQ (NASDAQ:QQQ) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 12,905 shares of the exchange traded fund’s stock, valued at approximately $7,928,000. Invesco QQQ makes up about 7.2% of Graetz Wealth LLC’s investment portfolio, making the stock its 2nd largest position.

Several other large investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its stake in Invesco QQQ by 11.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,547,591 shares of the exchange traded fund’s stock valued at $2,179,321,000 after purchasing an additional 375,581 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Invesco QQQ by 0.3% in the third quarter. PNC Financial Services Group Inc. now owns 3,071,021 shares of the exchange traded fund’s stock valued at $1,843,749,000 after purchasing an additional 8,038 shares in the last quarter. Analyst IMS Investment Management Services Ltd. increased its stake 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 purchasing an additional 712,026 shares in the last quarter. US Bancorp DE increased its stake in Invesco QQQ by 0.5% in the third quarter. US Bancorp DE now owns 1,378,057 shares of the exchange traded fund’s stock valued at $827,346,000 after purchasing an additional 7,378 shares in the last quarter. Finally, Maxi Investments CY Ltd increased its stake in Invesco QQQ by 8.1% in the third quarter. Maxi Investments CY Ltd now owns 1,235,000 shares of the exchange traded fund’s stock valued at $741,457,000 after purchasing an additional 92,700 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Trending Headlines about Invesco QQQ

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

• Positive Sentiment: Broad-market ETFs and U.S. equities were higher into midday, supporting Nasdaq-heavy funds like QQQ as investors rotated back into stocks. Exchange-Traded Funds Rise as US Equities Advance After Midday
• Positive Sentiment: Commentary on accelerating Q2 growth and a resilient U.S. economy is reinforcing the case for cyclical and growth assets, which tends to benefit QQQ’s heavy exposure to mega-cap technology. Nowcast Data Suggest U.S. Growth Is Accelerating In Q2
• Positive Sentiment: Multiple articles highlighted the Nasdaq-100’s upside potential versus broader indexes, keeping attention on QQQ as a leading way to own big tech and growth stocks. Should You Invest in the S&P 500 or the Nasdaq-100 Right Now?
• Neutral Sentiment: Several pieces compared QQQ with other ETFs such as QQQM and VGT, but these were mostly watchlist-style and educational articles rather than direct catalysts for the fund. QQQ vs. QQQM: Same Index, So Which One Should You Actually Buy?
• Negative Sentiment: Hotter-than-expected CPI and renewed inflation concerns could keep pressure on rate-sensitive growth stocks if investors fear the Fed stays restrictive for longer. CPI Inflation Rate +4.2%: Hottest in 3 Years
• Negative Sentiment: Articles warning that inflation and geopolitical tensions may weigh on markets suggest some downside risk for QQQ if sentiment turns defensive. Markets Turn To The Downside Amid Geopolitical Tensions And Rising Inflation

Invesco QQQ Stock Up 3.4%

Shares of NASDAQ:QQQ opened at $717.12 on Friday. Invesco QQQ has a 52 week low of $523.65 and a 52 week high of $748.65. The company has a 50 day moving average price of $678.17 and a two-hundred day moving average price of $634.57.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a $0.7328 dividend. This represents a $2.93 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, March 23rd.

Invesco QQQ Company 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.