Vise Technologies Inc. Raises Stake in Invesco QQQ $QQQ

Vise Technologies Inc. boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 175.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 23,834 shares of the exchange traded fund’s stock after purchasing an additional 15,193 shares during the period. Vise Technologies Inc.’s holdings in Invesco QQQ were worth $14,641,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of QQQ. Brighton Jones LLC grew its position in Invesco QQQ by 15.0% during the 4th quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after purchasing an additional 4,989 shares during the last quarter. Revolve Wealth Partners LLC grew its position in Invesco QQQ by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock worth $2,687,000 after purchasing an additional 176 shares during the last quarter. Jupiter Wealth Management LLC purchased a new position in Invesco QQQ during the 2nd quarter worth $290,000. Wealth Group Ltd. grew its position in Invesco QQQ by 283.7% during the 2nd quarter. Wealth Group Ltd. now owns 24,629 shares of the exchange traded fund’s stock worth $13,587,000 after purchasing an additional 18,210 shares during the last quarter. Finally, Invesco Ltd. grew its position in Invesco QQQ by 1,057.3% during the 2nd quarter. Invesco Ltd. now owns 33,063 shares of the exchange traded fund’s stock worth $18,239,000 after purchasing an additional 30,206 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Invesco QQQ

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

• Positive Sentiment: One article noted that the Invesco QQQ Trust has quietly outperformed the Vanguard S&P 500 ETF over the last decade, reinforcing the ETF’s reputation as a strong way to own U.S. growth leaders. Article Title
• Positive Sentiment: A broad-market update said exchange-traded funds edged higher and U.S. equities were mixed, suggesting the overall market backdrop remains supportive for QQQ’s large tech-heavy holdings. Article Title
• Neutral Sentiment: Articles on the Nasdaq’s long-term real returns and the continuing strength of the “old bull” frame QQQ as part of a durable growth trend, but they do not point to a clear near-term catalyst. Article Title Article Title
• Neutral Sentiment: Several commentary pieces focused on sentiment indicators and job data, which may influence rate expectations and growth stocks, but the impact on QQQ is indirect. Article Title Article Title
• Negative Sentiment: Multiple reports warned that AI and chip stocks may be in bubble territory, with one article saying the AI rally is even bigger than the dot-com era and another arguing a market top may be forming. That kind of valuation concern can pressure QQQ because of its heavy exposure to mega-cap tech. Article Title Article Title
• Negative Sentiment: Other commentary warned investors to take chips off the table, cash in tech gains, and move toward lower-volatility ETFs, signaling rotation away from growth names like those in QQQ. Article Title Article Title Article Title

Invesco QQQ Price Performance

Shares of Invesco QQQ stock opened at $740.61 on Friday. Invesco QQQ has a 1 year low of $522.66 and a 1 year high of $748.65. The company’s fifty day moving average is $664.57 and its two-hundred day moving average is $630.59.

Invesco QQQ Cuts Dividend

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

Invesco QQQ Company 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.