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Banque Pictet & Cie SA Increases Stake in Invesco QQQ $QQQ

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Key Points

  • Banque Pictet & Cie SA increased its stake in Invesco QQQ by 19.7% in Q4, buying 23,535 shares to hold 143,257 shares worth $87,648,000, which represents about 0.5% of its portfolio and is its 22nd largest position.
  • Invesco QQQ paid a quarterly dividend of $0.7328 per share (annualized $2.93, yield 0.5%), with the ex-dividend date on March 23 and payment on March 27.
  • QQQ opened at $584.31 (up 1.2%) and trades below its 50‑day ($603.55) and 200‑day ($609.38) moving averages; market sentiment is mixed—short‑term rallies driven by geopolitical de‑escalation and long‑term tech bullishness but countered by geopolitical and economic downside risks and unusual options activity that could boost volatility.
  • MarketBeat previews top five stocks to own in May.

Banque Pictet & Cie SA grew its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 19.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 143,257 shares of the exchange traded fund's stock after purchasing an additional 23,535 shares during the quarter. Invesco QQQ makes up approximately 0.5% of Banque Pictet & Cie SA's portfolio, making the stock its 22nd biggest position. Banque Pictet & Cie SA's holdings in Invesco QQQ were worth $87,648,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in QQQ. Goodman Advisory Group LLC bought a new stake in Invesco QQQ during the 3rd quarter valued at $25,000. Shcp LLC bought a new stake in Invesco QQQ in the 3rd quarter worth $27,000. Navigoe LLC increased its position in shares of Invesco QQQ by 300.0% in the third quarter. Navigoe LLC now owns 60 shares of the exchange traded fund's stock valued at $36,000 after acquiring an additional 45 shares during the period. Measured Wealth Private Client Group LLC purchased a new position in shares of Invesco QQQ in the third quarter valued at about $40,000. Finally, PayPay Securities Corp raised its stake in shares of Invesco QQQ by 78.9% during the third quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund's stock valued at $41,000 after acquiring an additional 30 shares during the last quarter. Institutional investors own 44.58% of the company's stock.

Key Stories Impacting Invesco QQQ

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

Invesco QQQ Stock Up 1.2%

Shares of NASDAQ:QQQ opened at $584.31 on Thursday. The company has a 50-day moving average price of $603.55 and a 200-day moving average price of $609.38. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $637.01.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a dividend of $0.7328 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.93 dividend on an annualized basis and a yield of 0.5%.

About Invesco QQQ

(Free Report)

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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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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