Banco Bilbao Vizcaya Argentaria S.A. Sells 15,656 Shares of QQQ ETF

We look at recent moves in the stock market. Banco Bilbao Vizcaya Argentaria S.A. sold 15,656 shares of QQQ ETF. This cut their stake by 15 percent in the first quarter.

They now hold 88,719 shares of QQQ. These shares are worth $41,254,000. This change shows shifts in big investor positions.

QQQ tracks top tech firms. It opened at $577.11 on Tuesday. We see its role in the stock market.

Understanding QQQ in the Stock Market

QQQ follows the Nasdaq 100 index. It holds big names like Apple and Microsoft. Investors use it for tech growth.

The ETF has a market cap over $300 billion. Its beta is 1.18. This means it moves more than the broad stock market.

We note its price trends. The 50 day average is $555.06. The 200 day average sits at $514.44.

Recent Performance of QQQ

QQQ hit a 52 week high of $583.32. Its low was $402.39. This shows strong gains over the year.

It dropped 0.79 percent in five days. Yet it rose 13.2 percent year to date. Analysts rate it moderate buy.

The price target is $638.41. This points to 12.1 percent upside. Its smart score is seven.

Dividend Details for QQQ Investors

QQQ pays dividends. The latest quarterly payout was $0.5911 per share. They paid it on July 31.

Record date was June 23. Ex dividend date matched that. Annualized, it gives $2.36 per share.

Yield stands at 0.4 percent. This adds income for holders. It fits stock market strategies.

Institutional Moves in QQQ

Institutions own 44.58 percent of QQQ. Banco Bilbao Vizcaya Argentaria cut its stake. They sold 15,656 shares.

Other funds increased holdings. Laird Norton added 0.3 percent. They now own 6,024 shares.

Willis Johnson grew by 2.6 percent. Their stake is 814 shares. MTM Investment upped 1.6 percent to 1,297 shares.

Cutler Investment rose 1.4 percent. They hold 1,513 shares. Mosaic also made changes.

Key Institutional Changes

• Banco Bilbao Vizcaya Argentaria S.A.: Sold 15,656 shares; now 88,719 shares worth $41,254,000.
• Laird Norton Wetherby Wealth Management LLC: Added 17 shares; total 6,024 shares at $3,080,000.
• Willis Johnson & Associates Inc.: Bought 21 shares; holds 814 shares valued $416,000.
• MTM Investment Management LLC: Increased by 20 shares; owns 1,297 shares worth $613,000.
• Cutler Investment Counsel LLC: Added 21 shares; total 1,513 shares at $710,000.

These shifts show varied views. Some trim while others build. It reflects stock market dynamics.

Analyst Views on QQQ

TipRanks rates QQQ moderate buy. Analysts see upside. The target suggests gains ahead.

Smart score of seven means market match. We consider this in choices. It guides stock market decisions.

Factors include earnings. Company reports affect holdings. Global events matter too.

QQQ Performance Metrics

This table sums up key data. It helps quick checks. Use it for stock market insights.

Future Outlook

QQQ may rise with tech advances. AI and cloud boost it. We expect steady interest.

Watch interest rates. They influence growth stocks. Stock market trends tie in.

Diversify with QQQ. It balances portfolios. Think about your goals.

In conclusion, we explored QQQ and its place in the stock market. Banco Bilbao Vizcaya Argentaria sold shares. This highlights ongoing shifts.

Disclaimer:

This content is for informational purposes only and is not financial advice. Always conduct your research.