Darwin Wealth Management LLC Decreases Stock Position in Invesco QQQ $QQQ

Key Points

• Darwin Wealth Management cut its Invesco QQQ stake by 22.1% in the first quarter, selling 3,148 shares and ending with 11,095 shares valued at about $6.4 million.
• Despite that sale, institutional ownership remains strong across QQQ, with hedge funds and other institutions holding 44.58% of the ETF and several large investors significantly adding to their positions recently.
• QQQ recently traded near $725.51 and also raised its quarterly dividend to $0.8135 per share, up from $0.73, though the yield remains modest at about 0.4%.

Darwin Wealth Management LLC decreased its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 22.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,095 shares of the exchange traded fund's stock after selling 3,148 shares during the period. Invesco QQQ makes up approximately 2.0% of Darwin Wealth Management LLC's investment portfolio, making the stock its 13th biggest position. Darwin Wealth Management LLC's holdings in Invesco QQQ were worth $6,404,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in QQQ. Corient Private Wealth LLC boosted its position in shares of Invesco QQQ by 3,567.7% during 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 acquiring an additional 20,852,432 shares during the last quarter. Bank of America Corp DE increased its position in Invesco QQQ by 381.0% in 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 during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in 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 valued at $2,179,321,000 after purchasing an additional 375,581 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in Invesco QQQ by 21.4% during the fourth 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 during the last quarter. Finally, Analyst IMS Investment Management Services Ltd. lifted its position in Invesco QQQ by 68.6% during the fourth quarter. Analyst IMS Investment Management Services Ltd. now owns 1,750,079 shares of the exchange traded fund's stock valued at $1,075,091,000 after purchasing an additional 712,026 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Key Invesco QQQ News

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

• Positive Sentiment: Several pieces pointed to QQQ as a favored way to buy the recent tech pullback, including coverage describing it as a top ETF to load up on during the sell-off and highlighting continued investor demand for Nasdaq-100 exposure. Article Title
• Positive Sentiment: Market chatter around strong Nasdaq-100 trading activity and bullish positioning suggests some investors are still betting on a rebound in large-cap growth and AI-related stocks, which can support QQQ. Article Title
• Neutral Sentiment: BlackRock launched a competing Nasdaq-100 ETF, IQQ, which may increase competition in the category, but it also reinforces continued interest in Nasdaq-100 index products overall. Article Title
• Neutral Sentiment: Other articles focused on macro themes such as inflation, Fed policy, geopolitical tensions, and labor data; these can move QQQ through risk appetite, but they do not directly change the ETF’s fundamentals. Article Title
• Negative Sentiment: Several commentary pieces warned that higher inflation, a hawkish Fed, and geopolitical stress could pressure growth stocks and reduce appetite for Nasdaq-heavy exposure, which is a headwind for QQQ. Article Title

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $725.51 on Friday. The firm has a fifty day simple moving average of $718.41 and a two-hundred day simple moving average of $650.06. Invesco QQQ has a 52 week low of $551.56 and a 52 week high of $748.65.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 22nd were paid a dividend of $0.8135 per share. The ex-dividend date of this dividend was Monday, June 22nd. This is an increase from Invesco QQQ's previous quarterly dividend of $0.73. This represents a $3.25 annualized dividend and a yield of 0.4%.

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.

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