Corient Private Wealth LP Increases Stock Holdings in Invesco QQQ $QQQ

Corient Private Wealth LP increased its position in Invesco QQQ (NASDAQ:QQQ) by 506.8% in the second quarter, Holdings Channel.com reports. The fund owned 545,270 shares of the exchange traded fund’s stock after acquiring an additional 455,412 shares during the quarter. Invesco QQQ makes up about 0.6% of Corient Private Wealth LP’s holdings, making the stock its 28th biggest holding. Corient Private Wealth LP’s holdings in Invesco QQQ were worth $401,553,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Corient Private Wealth LLC lifted its stake in Invesco QQQ by 3,567.7% in the 4th quarter. Corient Private Wealth LLC now owns 21,436,917 shares of the exchange traded fund’s stock worth $13,168,912,000 after purchasing an additional 20,852,432 shares in the last quarter. Bank of America Corp DE boosted its holdings in Invesco QQQ by 381.0% in the 4th quarter. Bank of America Corp DE now owns 19,547,552 shares of the exchange traded fund’s stock valued at $12,008,257,000 after purchasing an additional 26,505,055 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Invesco QQQ by 11.8% in the 4th 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 during the period. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Invesco QQQ by 21.4% during the 4th 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. Finally, Analyst IMS Investment Management Services Ltd. grew its position in shares of Invesco QQQ by 0.3% during the 2nd quarter. Analyst IMS Investment Management Services Ltd. now owns 1,787,559 shares of the exchange traded fund’s stock valued at $1,316,358,000 after purchasing an additional 4,751 shares in the last quarter. Hedge funds and other 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: TipRanks’ AI Analyst rated QQQ an “Outperform” and identified more than 12% potential upside, supporting the long-term case for the Nasdaq-100 ETF. The analysis also rated the Vanguard S&P 500 ETF and iShares Semiconductor ETF positively. 3 Best ETFs to Buy with 12%+ Upside, According to the AI Analyst
• Positive Sentiment: Accelerating money-supply growth could provide a longer-term liquidity tailwind for risk assets, including technology stocks held by QQQ. Money Supply Growth Accelerated In July To A 59-Month High
• Neutral Sentiment: QQQ remains caught between technical support and resistance, suggesting that traders are waiting for a clearer catalyst before establishing a new direction. Trump’s $5K Free Money Could Be A Market Bonanza
• Negative Sentiment: U.S. equity ETFs, including actively traded QQQ, moved lower after midday as investors reduced exposure to stocks. Exchange-Traded Funds, US Equities Fall After Midday
• Negative Sentiment: Reports that markets are pricing a higher probability of interest-rate increases, alongside persistent inflation concerns, weigh on QQQ’s long-duration growth holdings. Higher bond yields can compress technology-stock valuation multiples. Investors Continue To Brace For Interest Rate Hikes
• Negative Sentiment: Oil prices above $100 raise the risk of renewed inflation, potentially delaying Federal Reserve rate cuts and adding pressure to growth-focused ETFs. Oil Jumps Above $100: What It Means For Inflation and Market Risks

Invesco QQQ Stock Down 1.1%

Invesco QQQ stock opened at $708.69 on Friday. Invesco QQQ has a fifty-two week low of $555.60 and a fifty-two week high of $748.65. The firm’s fifty day moving average price is $710.52 and its 200-day moving average price is $678.92.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 22nd were given a dividend of $0.8135 per share. The ex-dividend date was Monday, June 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.73. This represents a $3.25 annualized dividend and a yield of 0.5%.

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.