Howard Capital Management Inc. reduced its position in Invesco QQQ (NASDAQ:QQQ – Free Report) by 0.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,830,661 shares of the exchange traded fund’s stock after selling 1,775 shares during the period. Invesco QQQ comprises approximately 18.4% of Howard Capital Management Inc.’s holdings, making the stock its biggest holding. Howard Capital Management Inc.’s holdings in Invesco QQQ were worth $1,699,444,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the business. Brighton Jones LLC increased its position in Invesco QQQ by 15.0% during the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after purchasing an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Invesco QQQ by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after buying an additional 176 shares during the last quarter. Jupiter Wealth Management LLC purchased a new position in shares of Invesco QQQ in the 2nd quarter worth $290,000. Pasadena Private Wealth LLC boosted its holdings in Invesco QQQ by 90.6% in the second quarter. Pasadena Private Wealth LLC now owns 13,507 shares of the exchange traded fund’s stock valued at $7,451,000 after acquiring an additional 6,420 shares during the last quarter. Finally, Wealth Group Ltd. boosted its holdings in Invesco QQQ by 283.7% in the second quarter. Wealth Group Ltd. now owns 24,629 shares of the exchange traded fund’s stock valued at $13,587,000 after acquiring an additional 18,210 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.
Invesco QQQ News Roundup
Here are the key news stories impacting Invesco QQQ this week:
- Positive Sentiment: Large holders and sector fundamentals give upside potential — Activest increased its QQQ exposure, signaling institutional confidence in megacap names like Nvidia, Apple and Microsoft that dominate the ETF. QQQ ETF Holdings Increased by Activest as Nvidia, Apple, Microsoft Dominate
- Positive Sentiment: AI spending from hyperscalers could drive further gains in QQQ’s largest holdings and support the ETF’s performance into earnings season. Hyperscaler AI Spending Plans Could Chart Course for QQQ
- Positive Sentiment: Market positioning data (short selling and put buying) may be signaling a contrarian setup that supports a big‑tech rally, which would help QQQ. Short Selling And Put Buying Point To Big Tech Rally
- Positive Sentiment: A softer U.S. dollar can favor U.S. growth stocks and ETFs like QQQ by boosting foreign demand for dollar‑denominated equities. Dollar Index Hits 4-Year Low And Traditional Wisdom Can Mislead This Time
- Neutral Sentiment: Investor sentiment surveys show reduced pessimism, which supports risk assets but is not an immediate driver of flows. AAII Sentiment Survey: Pessimism Tumbles
- Neutral Sentiment: Education pieces on ETF strategy and market timing can encourage buy‑and‑hold behavior for products like QQQ over time, but have limited short‑term price impact. This ETF Makes It Easy to Ditch Market Timing
- Neutral Sentiment: Coverage noting both bull and bear cases as QQQ tests new highs suggests heightened debate and potential for volatility rather than a clear directional catalyst. QQQ is reaching for a new high. 3 reasons each for bulls and bears to play it.
- Negative Sentiment: Joule Financial significantly reduced its reported stake in Invesco QQQ, a direct selling signal that can add downward pressure on the ETF, particularly if other holders follow. Joule Financial LLC Significantly Reduces Stake in Invesco QQQ: What It Means for Investors
- Negative Sentiment: The Fed’s decision to pause rate cuts raises uncertainty about the path of monetary policy; a less‑accommodative outlook can weigh on high‑multiple, growth‑heavy ETFs like QQQ. Federal Reserve Puts Rate Cuts On Pause
- Negative Sentiment: Rising commodity strength could rekindle inflation and higher rates, which would be a headwind for growth stocks concentrated in QQQ. The Commodity Boom May Send Inflation And Rates Much Higher
Invesco QQQ Stock Performance
Invesco QQQ Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were given a dividend of $0.7941 per share. This represents a $3.18 dividend on an annualized basis and a yield of 0.5%. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend was Monday, December 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.
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