Invesco QQQ $QQQ Shares Bought by Charles Schwab Trust Co

Charles Schwab Trust Co grew its holdings in Invesco QQQ (NASDAQ:QQQ) by 85.6% during the second quarter, HoldingsChannel.com reports. The fund owned 9,175 shares of the exchange traded fund’s stock after purchasing an additional 4,232 shares during the quarter. Charles Schwab Trust Co’s holdings in Invesco QQQ were worth $6,757,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Corient Private Wealth LLC increased its holdings 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 valued at $13,168,912,000 after purchasing an additional 20,852,432 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Invesco QQQ by 381.0% during 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 shares of 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 in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Invesco QQQ by 21.4% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,025,000 shares of the exchange traded fund’s stock worth $1,858,288,000 after buying an additional 534,000 shares during the period. Finally, Bank of Montreal Can boosted its position in shares of Invesco QQQ by 142.4% in the fourth quarter. Bank of Montreal Can now owns 1,431,050 shares of the exchange traded fund’s stock worth $877,406,000 after buying an additional 840,803 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Key Stories Impacting Invesco QQQ

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

• Positive Sentiment: QQQ attracted approximately $10.2 billion in inflows last week, making it the leading recipient among U.S.-listed ETFs. The shift into QQQ came as investors took profits from semiconductor funds, signaling continued preference for diversified large-cap technology exposure. Semiconductor ETFs See Profit-Taking as Investors Pile Into QQQ
• Positive Sentiment: Market breadth within the Nasdaq-100 improved to its strongest level in more than a year, with about 70% of QQQ holdings trading above their 200-day moving averages. Broad participation can make the technology-led rally more durable than a narrow advance concentrated in a few mega-cap stocks. Nasdaq 100 Breadth Hits Its Strongest Level in Over a Year
• Positive Sentiment: Analysts cited historical momentum, potentially easier Federal Reserve policy and earnings strength from market leaders as reasons the broader technology market could move higher, providing a favorable backdrop for QQQ. Why Momentum, Fed Liquidity, & Tech Beats Signal More Upside
• Neutral Sentiment: Commentary on Nasdaq investing identifies continued technology leadership and earnings as potential catalysts, but also highlights interest-rate, valuation and concentration risks for QQQ investors. A Guide to Nasdaq ETF Investing
• Negative Sentiment: QQQ charges roughly 0.20% annually, versus about 0.15% for the nearly identical QQQM fund. The fee gap could encourage cost-sensitive investors to favor QQQM, creating a competitive disadvantage for QQQ over time. Same 100 Stocks, Different Price
• Negative Sentiment: Potentially higher inflation and interest rates could pressure high-growth technology valuations, while other market commentary warns that stocks may have already advanced too quickly. These risks could explain why QQQ has recently traded lower despite strong fund flows. The July CPI Report May Reveal Why Rates Are Headed Even Higher

Invesco QQQ Trading Down 0.3%

QQQ stock opened at $720.87 on Tuesday. Invesco QQQ has a 1 year low of $555.60 and a 1 year high of $748.65. The stock has a 50-day simple moving average of $713.75 and a 200-day simple moving average of $662.21.

Invesco QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 22nd were issued a $0.8135 dividend. The ex-dividend date was Monday, June 22nd. This represents a $3.25 dividend on an annualized basis and a yield of 0.5%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.73.

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.