Invesco QQQ $QQQ Shares Bought by Corient Private Wealth LLC

Corient Private Wealth LLC lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 3,567.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 21,436,917 shares of the exchange traded fund’s stock after acquiring an additional 20,852,432 shares during the period. Invesco QQQ makes up about 15.0% of Corient Private Wealth LLC’s investment portfolio, making the stock its biggest position. Corient Private Wealth LLC’s holdings in Invesco QQQ were worth $13,168,912,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in QQQ. Bank of America Corp DE raised its position in Invesco QQQ by 381.0% in the fourth quarter. Bank of America Corp DE now owns 19,547,552 shares of the exchange traded fund’s stock worth $12,008,257,000 after purchasing an additional 26,505,055 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Invesco QQQ by 11.8% during the fourth 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 purchasing an additional 375,581 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings 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 valued at $1,858,288,000 after purchasing an additional 534,000 shares in the last quarter. Analyst IMS Investment Management Services Ltd. boosted its holdings in Invesco QQQ by 68.6% during 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. Finally, Bank of Montreal Can grew its stake in shares of Invesco QQQ by 142.4% in the 4th quarter. Bank of Montreal Can now owns 1,431,050 shares of the exchange traded fund’s stock valued at $877,406,000 after purchasing an additional 840,803 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ News Roundup

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

• Positive Sentiment: Invesco QQQ declared a quarterly dividend of $0.8135 per share, an 11.0% increase from the prior quarter, which can improve investor sentiment toward the fund. Article Title
• Positive Sentiment: Multiple articles highlighted QQQ’s strong long-term performance, including commentary that a modest investment in the ETF a decade ago would now be worth far more, reinforcing its status as a premier growth benchmark. Article Title
• Neutral Sentiment: Broader market and ETF coverage showed U.S. equity funds trading higher at times, suggesting the macro backdrop is supportive but not specific to QQQ alone. Article Title
• Neutral Sentiment: Several Fed-related commentaries pointed to a more hawkish policy tone and less forward guidance, which could pressure rate-sensitive growth stocks even as investors assess the implications for the Nasdaq-100. Article Title

Invesco QQQ Price Performance

Shares of QQQ opened at $740.62 on Friday. Invesco QQQ has a 1 year low of $523.65 and a 1 year high of $748.65. The stock has a 50 day simple moving average of $695.40 and a 200-day simple moving average of $639.48.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 22nd will be given a $0.8135 dividend. This represents a $3.25 dividend on an annualized basis and a yield of 0.4%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.73. The ex-dividend date is Monday, June 22nd.

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.