Invesco QQQ $QQQ is Peapack Gladstone Financial Corp's 4th Largest Position

Key Points

• Peapack Gladstone Financial Corp trimmed its Invesco QQQ holdings by 0.8% in the fourth quarter, but QQQ remains its 4th-largest position. The firm still held 331,926 shares worth about $203.4 million.
• Other institutional investors also moved aggressively in QQQ, with several funds sharply increasing their stakes during the quarter. Overall, hedge funds and institutional investors own 44.58% of the ETF.
• QQQ was trading near its 52-week high, opening at $738.31 versus a range of $511.93 to $741.63. The ETF also recently paid a quarterly dividend of $0.7328 per share, equal to a 0.4% annualized yield.

Peapack Gladstone Financial Corp lessened its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 0.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 331,926 shares of the exchange traded fund's stock after selling 2,785 shares during the period. Invesco QQQ comprises 2.6% of Peapack Gladstone Financial Corp's holdings, making the stock its 4th biggest position. Peapack Gladstone Financial Corp owned 0.05% of Invesco QQQ worth $203,421,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of QQQ. SG Americas Securities LLC lifted its position in shares of Invesco QQQ by 120.2% in the 4th quarter. SG Americas Securities LLC now owns 213,722 shares of the exchange traded fund's stock worth $131,292,000 after purchasing an additional 1,270,102 shares during the period. Analyst IMS Investment Management Services Ltd. lifted its position in shares of Invesco QQQ by 68.6% in the 4th quarter. Analyst IMS Investment Management Services Ltd. now owns 1,750,079 shares of the exchange traded fund's stock worth $1,075,091,000 after purchasing an additional 712,026 shares during the period. Axxcess Wealth Management LLC lifted its position in shares of Invesco QQQ by 1,216.9% in the 4th quarter. Axxcess Wealth Management LLC now owns 561,706 shares of the exchange traded fund's stock worth $345,070,000 after purchasing an additional 519,051 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of Invesco QQQ by 11.8% in the 4th 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 during the period. Finally, NorthRock Partners LLC lifted its position in shares of Invesco QQQ by 1,355.6% in the 3rd quarter. NorthRock Partners LLC now owns 304,852 shares of the exchange traded fund's stock worth $183,024,000 after purchasing an additional 283,909 shares during the period. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of QQQ opened at $738.31 on Monday. The company has a 50 day moving average price of $652.03 and a 200-day moving average price of $626.97. Invesco QQQ has a fifty-two week low of $511.93 and a fifty-two week high of $741.63.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a dividend of $0.7328 per share. This represents a $2.93 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, March 23rd.

Key Stories Impacting Invesco QQQ

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

• Positive Sentiment: Tech leadership remains intact, with market coverage noting that AI-driven stocks are helping push broader indexes and Nasdaq futures higher despite geopolitical noise and softer trading volume. S&P 500, Nasdaq, Dow Futures Rise As AI-Driven Tech Rally Overpowers 'Defensive' Iran Strikes: ONDS, NBIS, RCAT, SNOW In Focus
• Positive Sentiment: A separate market note said pre-market trading was mostly up, suggesting continued support for risk assets and large-cap growth exposure like QQQ. Pre-Markets Mostly Up on Lower Volume, Trade & Inventory Reports
• Neutral Sentiment: Consumer sentiment hit a record low, but the same report argued the broader economy remains solid, which could keep investors focused on growth stocks rather than a sharp recession trade-off. Consumer Sentiment Hits Record Low - Economy Stays Solid
• Neutral Sentiment: Several commentary pieces warned about stretched valuations, “liquidity bubble” concerns, and the possibility that value stocks or other global ETFs could outperform tech, which may temper enthusiasm for QQQ if sentiment turns. This Global ETF Beat the Nasdaq-100 for Most of the Past Year. Should You Buy It? The AI Black Box: SpaceX, Hyperscalers, And The Liquidity Bubble Beneath The Rally
• Negative Sentiment: Higher-for-longer interest-rate commentary and inflation concerns could pressure growth multiples, especially for the large-cap tech names that dominate QQQ. The Fed Needs To Invert The Yield Curve And Hike To Above 5 Percent PCE Inflation Surges Further Away From Fed's Target, Now Nearly Double The Fed's Target, And 5+ Years Above Target
• Negative Sentiment: Coverage on weak chip stocks and talk that the Nasdaq recently lagged due to semiconductor softness highlights a risk to QQQ’s biggest holdings if AI and semiconductor momentum fades. Dow Closes At Record Highs On Iran Truce Optimism, While Nasdaq Snaps Four-Day Win Streak On Weak Chip Stocks — META, BA, AAL, DY, VRRM In Focus

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.

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.