Penserra boosts Invesco QQQ (QQQ) stake as Nasdaq proposes “fast entry” for Nasdaq-100
Penserra Capital Management raised its Invesco QQQ Trust stake by 26.2% to 66,979 shares, valued at about $40.2 million, SEC filings show. Nasdaq proposed a “Fast Entry” rule to allow top-40 market cap companies into the Nasdaq-100 after 15 trading days. QQQ slipped 1.7% to $605.19 in late morning trading Wednesday.