Wellspring Financial Advisors LLC Has $882.81 Million Stock Position in Invesco QQQ $QQQ

Wellspring Financial Advisors LLC increased its holdings in Invesco QQQ (NASDAQ:QQQ) by 0.1% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,437,073 shares of the exchange traded fund’s stock after buying an additional 824 shares during the quarter. Invesco QQQ comprises approximately 12.2% of Wellspring Financial Advisors LLC’s portfolio, making the stock its 2nd biggest position. Wellspring Financial Advisors LLC owned about 0.22% of Invesco QQQ worth $882,808,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of QQQ. Carrera Capital Advisors lifted its position in shares of Invesco QQQ by 99.3% during the 4th quarter. Carrera Capital Advisors now owns 2,316 shares of the exchange traded fund’s stock valued at $1,423,000 after buying an additional 1,154 shares in the last quarter. Sovran Advisors LLC grew its holdings in Invesco QQQ by 8.0% during the 4th quarter. Sovran Advisors LLC now owns 18,032 shares of the exchange traded fund’s stock valued at $11,212,000 after buying an additional 1,340 shares in the last quarter. Corepath Wealth Partners LLC grew its holdings in Invesco QQQ by 19.7% during the 4th quarter. Corepath Wealth Partners LLC now owns 8,723 shares of the exchange traded fund’s stock valued at $5,471,000 after buying an additional 1,436 shares in the last quarter. Cane Capital Partners LLC purchased a new stake in Invesco QQQ during the 4th quarter valued at approximately $715,000. Finally, Coyle Financial Counsel LLC grew its holdings in Invesco QQQ by 4.9% during the 3rd quarter. Coyle Financial Counsel LLC now owns 43,458 shares of the exchange traded fund’s stock valued at $26,091,000 after buying an additional 2,035 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Trending Headlines about Invesco QQQ

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

• Negative Sentiment: Hot May CPI data reinforced worries that inflation is sticky, increasing the odds that the Federal Reserve stays restrictive for longer, which can pressure growth stocks. CPI Inflation Rate +4.2%: Hottest in 3 Years
• Negative Sentiment: Multiple market commentaries warned that inflation and geopolitical tensions are pushing equities toward the downside, a backdrop that can hit the Nasdaq-100 more than the broader market. Markets Turn To The Downside Amid Geopolitical Tensions And Rising Inflation
• Neutral Sentiment: Several pieces compared QQQ with other tech ETFs and the Nasdaq-100 versus the S&P 500, highlighting that investors are actively debating whether to stay in concentrated tech exposure or rotate to more diversified funds. Should You Invest in the S&P 500 or the Nasdaq-100 Right Now?
• Neutral Sentiment: Articles about SpaceX, OpenAI, and other mega-IPO activity suggest capital may rotate within growth and innovation trades rather than broadly supporting QQQ itself. ARKQ vs. QQQ: Which Tech Stock ETF is the Better Buy?

Invesco QQQ Stock Down 2.0%

Shares of QQQ opened at $693.69 on Thursday. Invesco QQQ has a 1 year low of $523.65 and a 1 year high of $748.65. The business’s 50 day simple moving average is $675.37 and its 200-day simple moving average is $633.67.

Invesco QQQ Cuts Dividend

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

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.