3EDGE Asset Management LP lessened its position in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 38.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 8,810 shares of the exchange traded fund’s stock after selling 5,449 shares during the quarter. 3EDGE Asset Management LP’s holdings in Invesco QQQ were worth $5,441,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Sovran Advisors LLC grew its stake in shares of Invesco QQQ by 8.0% in the fourth quarter. Sovran Advisors LLC now owns 18,032 shares of the exchange traded fund’s stock worth $11,212,000 after purchasing an additional 1,340 shares in the last quarter. Corepath Wealth Partners LLC raised its stake in shares of Invesco QQQ by 19.7% during the fourth quarter. Corepath Wealth Partners LLC now owns 8,723 shares of the exchange traded fund’s stock valued at $5,471,000 after purchasing an additional 1,436 shares in the last quarter. Strengthening Families & Communities LLC bought a new stake in shares of Invesco QQQ during the third quarter valued at about $10,771,000. Cane Capital Partners LLC acquired a new stake in Invesco QQQ in the fourth quarter worth about $715,000. Finally, Coyle Financial Counsel LLC lifted its holdings in Invesco QQQ by 4.9% in the third quarter. Coyle Financial Counsel LLC now owns 43,458 shares of the exchange traded fund’s stock worth $26,091,000 after purchasing an additional 2,035 shares during the period. 44.58% of the stock is currently owned by institutional investors.
Invesco QQQ Trading Down 0.6%
Shares of QQQ opened at $701.53 on Wednesday. The firm has a 50-day moving average price of $632.36 and a 200 day moving average price of $621.19. Invesco QQQ has a 52-week low of $505.58 and a 52-week high of $722.03.
Invesco QQQ Cuts Dividend
Key Headlines Impacting Invesco QQQ
Here are the key news stories impacting Invesco QQQ this week:
- Neutral Sentiment: Analysts highlighted that Nvidia’s upcoming earnings could be a major catalyst for QQQ and the AI trade, with investors watching closely for signs that big-cap tech can keep driving the market. What Nvidia Earnings Mean for VOO and QQQ
- Neutral Sentiment: One market update said the structural uptrend is still intact, but traders are becoming more selective as the AI rally shows signs of broadening fatigue. Retail Returns, Momo Retreats, NVIDIA Looms
- Neutral Sentiment: ETF commentary noted that QQQ remains a strong long-term technology vehicle and has historically beaten broader growth funds, reinforcing its role as a core tech holding. MGK vs. QQQ: Which Tech-Stock ETF Is a Better Buy?
- Negative Sentiment: Multiple articles pointed to weaker ETF and equity prices, with broad-market funds slipping and investors rotating away from risk assets, which can pressure QQQ. Exchange-Traded Funds Decline, US Equities Drop After Midday
- Negative Sentiment: Commentary warned that rising Treasury yields and renewed Fed rate-hike fears could hit high-growth tech valuations, a headwind for QQQ. Fed Rate Hike Fears: Rippling Through ETF Flows
- Negative Sentiment: Several opinion pieces argued that the AI-led rally is showing cracks and that investors should reduce risk into strength, adding to selling pressure in Nasdaq-linked funds like QQQ. Cracks Forming Within The AI Narrative Powering The Market Rally
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.
See Also
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- Why Home Depot’s Sell-Off Could Become a Huge Opportunity
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).
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