Nasdaq acknowledges Invesco QQQ Trust's preliminary proxy and proposed changes, affirming continued partnership and licensing arrangements.
Quiver AI Summary
Nasdaq has acknowledged the preliminary proxy filed by Invesco QQQ Trust regarding proposals for changes to its Trust structure. These changes, currently under discussion with Invesco, will not impact Nasdaq’s licensing agreements or the management of the Nasdaq-100® Index. If approved, Invesco will handle the license fee through its management fee rather than directly from QQQ. Nasdaq reaffirms its commitment to its partnership with Invesco and its role in providing a reliable benchmark for investors. The press release also includes a cautionary note about forward-looking statements and outlines potential risks and uncertainties.
Potential Positives
- Nasdaq reaffirms its strategic partnership with Invesco QQQ Trust, indicating strong collaborative ties that can benefit both organizations.
- The proposal by Invesco to change the payment structure for the license fee may streamline financial processes, potentially enhancing operational efficiency.
- The press release emphasizes Nasdaq's commitment to providing reliable benchmarks, reinforcing its reputation and credibility in the market.
Potential Negatives
- Nasdaq's statement highlights a change in the structure of payment for licensing fees, which could raise concerns among investors about the transparency and implications of this arrangement.
- The inclusion of cautionary notes regarding forward-looking statements suggests a level of uncertainty in Nasdaq's future performance, which may lead to investor apprehension.
- The need to engage in dialogue with Invesco regarding the proposals may imply potential disagreements or complications in the partnership that could affect market confidence.
FAQ
What is Invesco QQQ Trust's recent proposal about?
The proposal concerns changes to the Trust structure, which does not affect Nasdaq's licensing arrangements.
How will Invesco pay the licensing fee if the proposal is approved?
If approved, Invesco will pay the licensing fee from its unitary management fee instead of directly from QQQ.
Does the proposal change the administration of the Nasdaq-100 Index?
No, the proposal does not alter the administration of the Nasdaq-100 Index.
What is Nasdaq's position regarding the partnership with Invesco?
Nasdaq remains committed to its strategic partnership with Invesco and delivering trusted benchmarks to investors.
Where can I find more information about Nasdaq?
More information about Nasdaq can be found on their official website at www.nasdaq.com and on LinkedIn.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$NDAQ Congressional Stock Trading
Members of Congress have traded $NDAQ stock 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $NDAQ stock by members of Congress over the last 6 months:
- REPRESENTATIVE JEFFERSON SHREVE sold up to $50,000 on 05/12.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$NDAQ Insider Trading Activity
$NDAQ insiders have traded $NDAQ stock on the open market 14 times in the past 6 months. Of those trades, 0 have been purchases and 14 have been sales.
Here’s a breakdown of recent trading of $NDAQ stock by insiders over the last 6 months:
- BRADLEY J PETERSON (EVP, CIO) has made 0 purchases and 3 sales selling 30,872 shares for an estimated $2,558,260.
- SARAH YOUNGWOOD (Executive Vice President) sold 14,959 shares for an estimated $1,102,179
- COHEN TAL (President, Market Platforms) sold 8,955 shares for an estimated $749,981
- PC NELSON GRIGGS (Pres. Capital Access Platforms) has made 0 purchases and 2 sales selling 8,000 shares for an estimated $664,240.
- BRYAN EVERARD SMITH (EVP, CPO) has made 0 purchases and 4 sales selling 7,289 shares for an estimated $569,717.
- JEREMY SKULE (EVP, CSO) has made 0 purchases and 3 sales selling 4,211 shares for an estimated $361,237.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$NDAQ Hedge Fund Activity
We have seen 495 institutional investors add shares of $NDAQ stock to their portfolio, and 378 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BANK OF AMERICA CORP /DE/ added 2,343,908 shares (+48.3%) to their portfolio in Q1 2025, for an estimated $177,808,860
- WELLINGTON MANAGEMENT GROUP LLP removed 2,227,056 shares (-6.4%) from their portfolio in Q1 2025, for an estimated $168,944,468
- INVESCO LTD. added 1,592,057 shares (+40.8%) to their portfolio in Q1 2025, for an estimated $120,773,444
- DIAMOND HILL CAPITAL MANAGEMENT INC removed 1,400,678 shares (-34.0%) from their portfolio in Q1 2025, for an estimated $106,255,433
- GAMMA INVESTING LLC removed 1,113,886 shares (-98.6%) from their portfolio in Q2 2025, for an estimated $99,603,686
- UBS GROUP AG added 1,082,115 shares (+29.5%) to their portfolio in Q1 2025, for an estimated $82,089,243
- MASSACHUSETTS FINANCIAL SERVICES CO /MA/ added 993,553 shares (+5.1%) to their portfolio in Q1 2025, for an estimated $75,370,930
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$NDAQ Analyst Ratings
Wall Street analysts have issued reports on $NDAQ in the last several months. We have seen 9 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Piper Sandler issued a "Overweight" rating on 07/15/2025
- Barclays issued a "Overweight" rating on 07/10/2025
- Raymond James issued a "Outperform" rating on 07/09/2025
- Goldman Sachs issued a "Buy" rating on 07/02/2025
- Oppenheimer issued a "Outperform" rating on 06/17/2025
- Keefe, Bruyette & Woods issued a "Outperform" rating on 04/25/2025
- RBC Capital issued a "Outperform" rating on 04/10/2025
To track analyst ratings and price targets for $NDAQ, check out Quiver Quantitative's $NDAQ forecast page.
$NDAQ Price Targets
Multiple analysts have issued price targets for $NDAQ recently. We have seen 12 analysts offer price targets for $NDAQ in the last 6 months, with a median target of $95.5.
Here are some recent targets:
- Michael Cyprys from Morgan Stanley set a target price of $86.0 on 07/15/2025
- Richard Repetto from Piper Sandler set a target price of $97.0 on 07/15/2025
- Owen Lau from Oppenheimer set a target price of $101.0 on 07/15/2025
- Benjamin Budish from Barclays set a target price of $101.0 on 07/10/2025
- Alex Kramm from UBS set a target price of $95.0 on 07/10/2025
- Patrick O'Shaughnessy from Raymond James set a target price of $96.0 on 07/09/2025
- Alexander Blostein from Goldman Sachs set a target price of $97.0 on 07/02/2025
Full Release
NEW YORK, July 18, 2025 (GLOBE NEWSWIRE) -- Today, Nasdaq issued the following statement on the preliminary proxy filed by Invesco QQQ Trust and the proposals contained within it.
Nasdaq is aware of the preliminary proxy that was filed by Invesco QQQ Trust and the proposals contained within it. Invesco and Nasdaq were engaged in dialogue as Invesco explored bringing these proposals to shareholders.
The proposed change to the Trust structure does not alter the terms of Nasdaq’s licensing arrangements with Invesco nor the administration of the Nasdaq-100 ® Index. If the proposals are approved, Invesco will pay the associated license fee out of its unitary management fee, as compared to the current state where the license fee is paid by QQQ directly.
We remain committed to our strategic partnership with Invesco and delivering the trusted benchmark on which investors rely.
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Information set forth in this communication contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Such forward-looking statements include, but are not limited to, statements regarding our future financial results and our partnerships, agreements, products and services. Further information on these and other factors are detailed in Nasdaq’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q, which are available on Nasdaq’s investor relations website at http://ir.nasdaq.com and the SEC’s website at www.sec.gov. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise
-NDAQF-
Media Contacts: Maximilian Leitenberger, Nasdaq, [email protected]
Investor Relations Contact : Ato Garrett, [email protected]
