TFR Capital LLC has expanded its investment in Invesco QQQ (NASDAQ:QQQ) by 0.3%, according to the firm’s recent Form 13F filing with the Securities and Exchange Commission. As of March 31, 2024, TFR Capital holds a total of 11,273 shares in the exchange-traded fund, which is now valued at approximately $5.29 million. This investment represents 2.2% of TFR Capital’s overall portfolio, making Invesco QQQ its 11th largest holding.
Several other institutional investors have also adjusted their positions in Invesco QQQ recently. Ameriprise Financial Inc. increased its stake by 20.2% during the fourth quarter, owning 4,500,368 shares worth around $2.3 billion after acquiring an additional 756,990 shares. Similarly, Price T Rowe Associates Inc. MD raised its holdings by 34.8%, now owning 2,199,820 shares valued at approximately $1.12 billion following the purchase of 568,120 shares.
GAMMA Investing LLC’s activity has been particularly notable; it increased its holdings by an astonishing 55,795.2% in the first quarter, bringing its total to 1,871,929 shares worth around $8.78 billion after adding 1,868,580 shares to its portfolio. Cambridge Investment Research Advisors Inc. also made a modest increase, lifting its stake by 1.1% to 1,342,830 shares, valued at $629.68 million, while Senator Investment Group LP acquired a new stake valued at approximately $679.94 million during the same period.
As a result of these transactions, institutional investors and hedge funds now own 44.58% of Invesco QQQ.
Performance Overview of Invesco QQQ
On the trading front, Invesco QQQ opened at $554.20 on Friday. The fund has demonstrated a solid performance with a 50-day simple moving average of $527.06 and a 200-day simple moving average of $505.74. Over the past year, Invesco QQQ has experienced fluctuations, with a low of $402.39 and a high of $557.63.
Invesco QQQ, which tracks the performance of the Nasdaq-100 Index, is designed to provide investment results that correspond to the price and yield performance of the index. This trust allows investors to purchase units of beneficial interest, representing undivided interests in its portfolio of securities, which closely mirrors the component securities of the Nasdaq-100 Index.
The recent trading activity and adjustments in holdings by major financial players indicate a growing confidence in the potential of Invesco QQQ. As institutional investors continue to show interest, the fund’s performance will be closely monitored by market analysts and investors alike.
