Greenwood Gearhart LLC Has $50.04 Million Stake in Invesco QQQ $QQQ

Key Points

• Greenwood Gearhart LLC increased its stake in Invesco QQQ by 3.8% in the first quarter, buying 3,147 more shares for a total of 86,697 shares. The holding was valued at $50.04 million and made up about 2.7% of the firm’s portfolio.
• Institutional ownership in QQQ remains heavy, with several large investors boosting positions in the ETF. The article says 44.58% of the stock is currently owned by institutions and hedge funds.
• QQQ has also seen a higher quarterly dividend, rising to $0.8135 per share from $0.73 previously. The ETF opened at $695.33, near the upper end of its 1-year range, though recent market commentary highlighted both support from Apple’s strength and pressure from tech-sector volatility and chip-stock weakness.

Greenwood Gearhart LLC increased its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,697 shares of the exchange traded fund's stock after buying an additional 3,147 shares during the period. Invesco QQQ accounts for about 2.7% of Greenwood Gearhart LLC's investment portfolio, making the stock its 11th biggest holding. Greenwood Gearhart LLC's holdings in Invesco QQQ were worth $50,040,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Corient Private Wealth LLC lifted its stake in shares of 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 during the period. Bank of America Corp DE grew 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 during the period. Northwestern Mutual Wealth Management Co. increased its holdings in Invesco QQQ by 11.8% in 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 during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in 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 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 stake in Invesco QQQ by 68.6% in 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 buying an additional 712,026 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

More Invesco QQQ News

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

• Positive Sentiment: Apple is outperforming and hitting fresh records, which helps support QQQ because AAPL is one of its largest holdings. AAPL Stock Hits Fresh Record As July Rally Nears Best Month In Nearly 4 Years — HSBC Sees Another 10% Upside
• Neutral Sentiment: New ETF launches and commentary continue to highlight investor interest in Nasdaq and tech income strategies, but these are not strong enough to move QQQ on their own. Meet TMGN, the 0.88 Fee ETF Betting on Tech Giants and Options Income
• Neutral Sentiment: Broad-market ETFs and U.S. equities were mixed to lower intraday, suggesting overall risk appetite has softened. Exchange-Traded Funds Fall as US Equities Decline After Midday
• Negative Sentiment: Chip stocks are under pressure on TSMC capex concerns, hurting the semiconductor-heavy portion of the Nasdaq-100 and weighing on QQQ. S&P 500, Nasdaq, Dow End Lower As Chip Stocks Slide On TSMC Capex Concerns — TSM, MU, NVDA, UNH, GOOGL In Focus
• Negative Sentiment: Tech and momentum stocks are seeing some of the highest volatility in decades, adding to pressure on the Nasdaq-100 and QQQ. The Tech Shakeout: Market Extremes & Gavin Baker's Bold Call

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $695.33 on Monday. Invesco QQQ has a 1-year low of $551.68 and a 1-year high of $748.65. The business's 50-day moving average price is $720.41 and its two-hundred day moving average price is $653.36.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 22nd were given a $0.8135 dividend. The ex-dividend date was Monday, June 22nd. This represents a $3.25 dividend on an annualized basis and a dividend yield of 0.5%. This is a positive change 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.

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