Invesco QQQ $QQQ Shares Acquired by CIBC Asset Management Inc

CIBC Asset Management Inc lifted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 5.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 86,339 shares of the exchange traded fund’s stock after acquiring an additional 4,111 shares during the quarter. CIBC Asset Management Inc’s holdings in Invesco QQQ were worth $53,039,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in QQQ. Sovran Advisors LLC lifted its stake in Invesco QQQ by 8.0% during the fourth quarter. Sovran Advisors LLC now owns 18,032 shares of the exchange traded fund’s stock worth $11,212,000 after purchasing an additional 1,340 shares in the last quarter. Corepath Wealth Partners LLC lifted its stake in Invesco QQQ by 19.7% during the fourth quarter. Corepath Wealth Partners LLC now owns 8,723 shares of the exchange traded fund’s stock worth $5,471,000 after purchasing an additional 1,436 shares in the last quarter. Carrera Capital Advisors lifted its stake in Invesco QQQ by 99.3% during the fourth quarter. Carrera Capital Advisors now owns 2,316 shares of the exchange traded fund’s stock worth $1,423,000 after purchasing an additional 1,154 shares in the last quarter. Cane Capital Partners LLC acquired a new position in Invesco QQQ during the fourth quarter worth $715,000. Finally, Coyle Financial Counsel LLC lifted its stake in Invesco QQQ by 4.9% during the third quarter. Coyle Financial Counsel LLC now owns 43,458 shares of the exchange traded fund’s stock worth $26,091,000 after purchasing an additional 2,035 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $744.21 on Thursday. The stock’s fifty day moving average is $661.43 and its two-hundred day moving average is $629.67. Invesco QQQ has a 52 week low of $522.66 and a 52 week high of $748.65.

Invesco QQQ Cuts Dividend

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

Key Invesco QQQ News

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

• Positive Sentiment: Analysts highlighted that QQQ has quietly outperformed the Vanguard S&P 500 ETF over the past decade, reinforcing its appeal as a long-term growth vehicle. Article Title
• Positive Sentiment: Another piece argued that, even with the Nasdaq at record highs, AI-led earnings momentum and history still favor continued interest in Invesco QQQ. Article Title
• Neutral Sentiment: Some market commentary pointed to low-volatility and value ETFs as defensive alternatives amid overvaluation and stagflation worries, which could modestly compete with QQQ’s growth-focused appeal. Article Title
• Neutral Sentiment: Bearish commentary about an “AI mania” and dot-com-bubble comparisons may temper enthusiasm, but it has not yet displaced the broader bullish momentum behind Nasdaq growth names. Article Title
• Negative Sentiment: Several articles warned that the market may be stretched and that investors are rotating toward safer or cheaper exposures, which could create near-term pressure on QQQ if risk appetite cools. Article Title

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.