Gateway Investment Advisers LLC Purchases 1,789 Shares of Invesco QQQ $QQQ

·15 Aug
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Gateway Investment Advisers LLC significantly increased its stake in Invesco QQQ by 176.4% in the second quarter, acquiring an additional 1,789 shares for a total of 2,803 shares, valued at $2.06 million. Other institutional investors also expanded their holdings, with hedge funds and institutions collectively owning 44.58% of QQQ. The Invesco QQQ ETF, which opened at $732.07 and saw its quarterly dividend rise to $0.8135, is supported by positive inflation data and AI-driven growth, though high valuations and potential cooling AI spending pose risks.

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