Wellington Altus USA Inc. Has $2.93 Million Stock Holdings in Invesco QQQ $QQQ

Wellington Altus USA Inc. lessened its position in shares of Invesco QQQ (NASDAQ:QQQ) by 17.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,973 shares of the exchange traded fund’s stock after selling 814 shares during the quarter. Invesco QQQ comprises 1.9% of Wellington Altus USA Inc.’s portfolio, making the stock its 7th biggest holding. Wellington Altus USA Inc.’s holdings in Invesco QQQ were worth $2,926,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. CAP Partners LLC boosted its position in shares of Invesco QQQ by 3.5% during the first quarter. CAP Partners LLC now owns 444 shares of the exchange traded fund’s stock valued at $256,000 after buying an additional 15 shares during the period. Durante & Waters LLC grew its position in Invesco QQQ by 1.1% in the 1st quarter. Durante & Waters LLC now owns 1,425 shares of the exchange traded fund’s stock valued at $822,000 after acquiring an additional 15 shares during the last quarter. Roxbury Financial LLC grew its position in Invesco QQQ by 19.7% in the 2nd quarter. Roxbury Financial LLC now owns 91 shares of the exchange traded fund’s stock valued at $67,000 after acquiring an additional 15 shares during the last quarter. GoalVest Advisory LLC increased its stake in Invesco QQQ by 0.5% in the second quarter. GoalVest Advisory LLC now owns 3,016 shares of the exchange traded fund’s stock worth $2,221,000 after purchasing an additional 15 shares during the period. Finally, Forty three Eighteen Advisors LLC increased its stake in Invesco QQQ by 0.6% in the first quarter. Forty three Eighteen Advisors LLC now owns 2,694 shares of the exchange traded fund’s stock worth $1,555,000 after purchasing an additional 16 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.7%

Shares of QQQ traded up $12.20 during trading hours on Thursday, reaching $716.92. 36,671,774 shares of the company traded hands, compared to its average volume of 49,371,621. The stock’s fifty day moving average price is $710.04 and its 200 day moving average price is $681.73. Invesco QQQ has a 12-month low of $555.60 and a 12-month high of $748.65.

Key Headlines Impacting Invesco QQQ

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

• Positive Sentiment: Broad equity markets and exchange-traded funds advanced after midday, providing a supportive backdrop for QQQ and its large-cap technology holdings. Exchange-Traded Funds Higher as US Equities Advance After Midday
• Positive Sentiment: A Goldman Sachs indicator reportedly reached a level seen only a handful of times in two decades; historical patterns cited in the article suggest such readings have often preceded rallies in big technology stocks, a favorable signal for QQQ’s portfolio. Goldman Sachs Indicator and Big Tech Rallies
• Positive Sentiment: Record ETF inflows point to continued investor demand for passive and thematic market exposure, potentially supporting flows into major index funds such as QQQ. ETF Prime: Record Inflows and the First TXSE ETF Launch
• Positive Sentiment: Long-term commentary highlights QQQ’s strong historical compounding and continued investor interest in its Nasdaq-100 exposure, reinforcing the fund’s appeal to growth-oriented investors. If QQQ Repeats Its Last Decade
• Neutral Sentiment: Qualcomm’s sharp monthly gain contrasted with a decline in QQQ over the same period, showing that performance remains uneven within the technology sector. Qualcomm Just Rallied 18% in a Month
• Negative Sentiment: The Fed raised rates to 4% and signaled that another hike could follow. A hawkish policy outlook may pressure the valuation of QQQ’s long-duration growth stocks by keeping bond yields and borrowing costs elevated. Federal Reserve Hikes 25bp, Suggests Another to Come

About Invesco QQQ

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.