Invesco QQQ sees increased holdings from institutional investors

Recent SEC filings reveal significant activity among institutional investors regarding the Invesco QQQ exchange-traded fund. BXM Wealth LLC increased its position in the fund by 16.7% during the second quarter, bringing its total holdings to 33,655 shares valued at approximately $24.78 million. This represents 13.5% of the firm's portfolio, making it its largest holding.

Similarly, KFA Private Wealth Group LLC expanded its stake in Invesco QQQ by 107.5% in the second quarter. The firm now holds 3,169 shares, valued at roughly $2.33 million.

Other major institutional movements include Bank of America Corp, which significantly increased its stake in the fourth quarter, and Corient Private Wealth LLC, which also boosted its position by over 3,500%. Institutional investors and hedge funds collectively own 44.58% of the company's stock.