Free Trial

Invesco QQQ $QQQ Shares Sold by Significant Wealth Partners LLC

Invesco QQQ logo with Finance background
Image from MarketBeat Media, LLC.

Key Points

  • Significant Wealth Partners LLC trimmed its QQQ stake by 48.1% in Q4, selling 1,815 shares and now holding 1,959 shares worth $1,204,000, which represents 1.3% of its portfolio and its seventh-largest holding.
  • Several large institutions — including JPMorgan, HRT Financial, Laurel Wealth and Mizuho Bank — materially increased their QQQ positions in recent quarters, and hedge funds/institutions now own about 44.58% of the ETF.
  • QQQ opened around $582, trading below its 50‑day and 200‑day moving averages (~$610), with a 52‑week range of $402.39–$637.01; market headlines are mixed (growth ETF inflows vs. Fed "higher for longer", inflation and geopolitical risks) that could amplify volatility.
  • Five stocks we like better than Invesco QQQ.

Significant Wealth Partners LLC trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 48.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,959 shares of the exchange traded fund's stock after selling 1,815 shares during the period. Invesco QQQ accounts for 1.3% of Significant Wealth Partners LLC's investment portfolio, making the stock its 7th biggest holding. Significant Wealth Partners LLC's holdings in Invesco QQQ were worth $1,204,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. 1832 Asset Management L.P. grew its holdings in shares of Invesco QQQ by 100.0% during the second quarter. 1832 Asset Management L.P. now owns 2,115 shares of the exchange traded fund's stock valued at $1,167,000 after buying an additional 40,999,982 shares in the last quarter. HRT Financial LP boosted its position in Invesco QQQ by 118.3% during the 2nd quarter. HRT Financial LP now owns 3,145,578 shares of the exchange traded fund's stock worth $1,735,226,000 after acquiring an additional 1,704,600 shares during the period. JPMorgan Chase & Co. boosted its position in Invesco QQQ by 42.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,895,265 shares of the exchange traded fund's stock worth $2,700,424,000 after acquiring an additional 1,457,109 shares during the period. Laurel Wealth Advisors LLC grew its stake in Invesco QQQ by 54,491.8% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 313,357 shares of the exchange traded fund's stock valued at $172,860,000 after acquiring an additional 312,783 shares in the last quarter. Finally, Mizuho Bank Ltd. acquired a new position in shares of Invesco QQQ in the 2nd quarter valued at about $165,492,000. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $582.06 on Friday. The company has a 50 day simple moving average of $610.46 and a 200-day simple moving average of $609.50. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $637.01.

Trending Headlines about Invesco QQQ

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

Invesco QQQ Profile

(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.

Recommended Stories

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ - Free Report).

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.

Should You Invest $1,000 in Invesco QQQ Right Now?

Before you consider Invesco QQQ, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Invesco QQQ wasn't on the list.

While Invesco QQQ currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

(Almost)  Everything You Need To Know About The EV Market Cover

Looking to profit from the electric vehicle mega-trend? Click the link to see our list of which EV stocks show the most long-term potential.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines