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Sagespring Wealth Partners LLC Sells 1,783 Shares of Invesco QQQ $QQQ

Invesco QQQ logo with Finance background
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Key Points

  • Sagespring Wealth Partners sold 1,783 shares of Invesco QQQ (a 1.7% reduction), leaving it with 102,243 shares valued at about $62.8 million, which represents roughly 0.5% of its portfolio and is its 27th-largest holding.
  • QQQ faces a mixed market backdrop—media and investors are favoring growth ETFs (which could drive inflows), but Fed “higher-for-longer” messaging, hotter inflation readings, geopolitical risks and technical weakness pose meaningful downside pressure for the tech-heavy fund.
  • MarketBeat previews the top five stocks to own by May 1st.

Sagespring Wealth Partners LLC reduced its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 102,243 shares of the exchange traded fund's stock after selling 1,783 shares during the period. Invesco QQQ comprises about 0.5% of Sagespring Wealth Partners LLC's investment portfolio, making the stock its 27th biggest position. Sagespring Wealth Partners LLC's holdings in Invesco QQQ were worth $62,809,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in QQQ. Goodman Advisory Group LLC bought a new position in Invesco QQQ during the third quarter worth about $25,000. Shcp LLC bought a new stake in shares of Invesco QQQ in the 3rd quarter valued at approximately $27,000. Navigoe LLC grew its stake in shares of Invesco QQQ by 300.0% in the 3rd quarter. Navigoe LLC now owns 60 shares of the exchange traded fund's stock valued at $36,000 after purchasing an additional 45 shares during the period. Measured Wealth Private Client Group LLC acquired a new position in shares of Invesco QQQ in the 3rd quarter worth approximately $40,000. Finally, PayPay Securities Corp raised its holdings in shares of Invesco QQQ by 78.9% in the 3rd quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund's stock worth $41,000 after buying an additional 30 shares in 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 Performance

Invesco QQQ stock opened at $582.06 on Friday. The business has a 50 day simple moving average of $610.46 and a 200 day simple moving average of $609.50. Invesco QQQ has a one year low of $402.39 and a one year high of $637.01.

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.

Further Reading

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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