Mon Jan 27 15:10:00 IST 2025: ## Hedge Fund Activity Shakes Up Invesco QQQ (QQQ)

**Sioux Falls, SD – February 21, 2024** – Invesco QQQ (QQQ), an exchange-traded fund tracking the Nasdaq-100 Index, saw significant shifts in institutional holdings during recent quarters. While Smith Chas P & Associates PA Cpas reduced its stake by 2.1%, other firms made substantial increases.

International Assets Investment Management LLC dramatically boosted its QQQ holdings by 46,491.6% in Q3, acquiring over 32 million shares. Granite Bay Wealth Management LLC also saw massive growth (6,215.5% in Q2), and Empirical Asset Management LLC increased its position by 15,676.3% in Q4. Toronto Dominion Bank and Main Management ETF Advisors LLC also added to their QQQ holdings during the third quarter, increasing their shares by 13% and 33.5%, respectively.

Despite this overall increase in institutional ownership (now at 44.58%), Smith Chas P & Associates PA Cpas’ reduction resulted in a $43.49 million holding, representing 2.5% of its portfolio. QQQ’s Friday trading saw a $3.01 drop, closing at $529.63. The stock recently paid a dividend of $0.8347.

While analysts currently rate QQQ as a “Hold,” MarketBeat highlights that other stocks are deemed more promising by top-rated analysts. Further information on QQQ and market analysis can be found on MarketBeat’s website.

Read More