Corient Private Wealth LLC Boosts Holdings in Invesco QQQ $QQQ

Corient Private Wealth LLC boosted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 3,567.7% in the 4th quarter, HoldingsChannel reports. The firm owned 21,436,917 shares of the exchange traded fund’s stock after buying an additional 20,852,432 shares during the period. Invesco QQQ accounts for about 6.9% of Corient Private Wealth LLC’s investment portfolio, making the stock its 2nd largest holding. Corient Private Wealth LLC’s holdings in Invesco QQQ were worth $13,168,912,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Smith Asset Management Co. LLC grew its stake in Invesco QQQ by 52.8% during the fourth quarter. Smith Asset Management Co. LLC now owns 1,332 shares of the exchange traded fund’s stock worth $818,000 after buying an additional 460 shares during the last quarter. Little Harbor Advisors LLC boosted its holdings in shares of Invesco QQQ by 14.9% in the 4th quarter. Little Harbor Advisors LLC now owns 29,614 shares of the exchange traded fund’s stock worth $18,192,000 after acquiring an additional 3,836 shares in the last quarter. Plotkin Financial Advisors LLC boosted its holdings in shares of Invesco QQQ by 5.5% in the 4th quarter. Plotkin Financial Advisors LLC now owns 23,011 shares of the exchange traded fund’s stock worth $14,136,000 after acquiring an additional 1,192 shares in the last quarter. Note Advisors LLC grew its position in Invesco QQQ by 27.9% during the 4th quarter. Note Advisors LLC now owns 696 shares of the exchange traded fund’s stock worth $429,000 after acquiring an additional 152 shares during the last quarter. Finally, Strive Financial Group LLC acquired a new stake in Invesco QQQ during the 4th quarter valued at $200,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Invesco QQQ

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

• Positive Sentiment: Broad U.S. equity ETFs were higher or stable in intraday trading, suggesting some support for risk assets and large-cap growth exposure. Exchange-Traded Funds, US Equities Higher After Midday
• Positive Sentiment: Market discussion around semiconductors and AI remains a potential tailwind for QQQ because those sectors are key index holdings. Semiconductor Stocks May Be Creating A Stock Market Misalignment
• Neutral Sentiment: ETFs saw unusual volume and investors are watching flows, but the article does not point to a clear QQQ-specific catalyst. 2 ETFs to Watch for Outsized Volume on US Treasury & Dividend
• Neutral Sentiment: Some commentary continues to debate QQQ’s valuation and whether there are cheaper ways to get tech exposure, but this is more of a long-term positioning argument than an immediate stock driver. VOO vs. QQQ — Which Strong Buy-Rated ETF Should You Choose Now?
• Negative Sentiment: Multiple Fed-related articles point to a hawkish policy shift, which could weigh on QQQ by raising discount-rate pressure on high-multiple tech stocks. Fed Chair Warsh in the Spotlight: Will He Advocate Rate Cuts?
• Negative Sentiment: Articles warning that the Fed may not provide forward guidance and could be moving toward rate hikes are a negative backdrop for growth-oriented ETFs like QQQ. New Era for the Fed: Kevin Warsh at the FOMC

Invesco QQQ Trading Up 2.5%

Shares of QQQ opened at $740.62 on Friday. The stock has a fifty day moving average price of $692.71 and a two-hundred day moving average price of $638.77. Invesco QQQ has a 52-week low of $523.65 and a 52-week high of $748.65.

About Invesco QQQ

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.