Invesco QQQ $QQQ Shares Bought by Green Ridge Wealth Planning LLC

Green Ridge Wealth Planning LLC lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 3.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 39,349 shares of the exchange traded fund’s stock after acquiring an additional 1,242 shares during the quarter. Invesco QQQ comprises 11.8% of Green Ridge Wealth Planning LLC’s holdings, making the stock its biggest position. Green Ridge Wealth Planning LLC’s holdings in Invesco QQQ were worth $29,109,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of QQQ. Acropolis Investment Management LLC raised its holdings in Invesco QQQ by 1.3% during the 3rd quarter. Acropolis Investment Management LLC now owns 3,264 shares of the exchange traded fund’s stock worth $2,415,000 after buying an additional 41 shares during the period. First Heartland Consultants Inc. boosted its holdings in shares of Invesco QQQ by 9.1% in the third quarter. First Heartland Consultants Inc. now owns 66,637 shares of the exchange traded fund’s stock worth $49,296,000 after buying an additional 5,536 shares during the period. Grove Bank & Trust boosted its holdings in shares of Invesco QQQ by 3.8% in the third quarter. Grove Bank & Trust now owns 1,071 shares of the exchange traded fund’s stock worth $792,000 after buying an additional 39 shares during the period. Hamilton Capital LLC boosted its holdings in shares of Invesco QQQ by 28.7% in the third quarter. Hamilton Capital LLC now owns 1,178 shares of the exchange traded fund’s stock worth $871,000 after buying an additional 263 shares during the period. Finally, Sapient Capital LLC increased its position in shares of Invesco QQQ by 5.4% in the third quarter. Sapient Capital LLC now owns 13,536 shares of the exchange traded fund’s stock worth $10,024,000 after acquiring an additional 688 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ News Roundup

Here are the key news stories impacting Invesco QQQ this week:

• Positive Sentiment: Nasdaq momentum and continued AI enthusiasm remain supportive longer term. The Nasdaq reached record highs, keeping technology and semiconductor ETFs in focus despite elevated Treasury yields. ETFs to Benefit as Nasdaq’s Breakthrough Still Matters
• Positive Sentiment: Institutional buying provided a modest confidence signal. Winebrenner Capital Management increased its QQQ position by 25.9%, adding 738 shares during the reported quarter. Winebrenner Capital Management Buys QQQ Shares
• Neutral Sentiment: Investors are debating whether elevated valuations and the AI investment boom can continue. Concerns about financing constraints potentially slowing AI capital spending could increase volatility in QQQ’s largest technology holdings. The AI Capex Wall
• Negative Sentiment: QQQ faced pressure from a broader equity pullback, with exchange-traded funds and equity futures moving lower as oil prices rose following renewed uncertainty over a potential U.S.-Iran agreement. ETFs and Equity Futures Down as Oil Prices Rise
• Negative Sentiment: Federal Reserve minutes were interpreted as signaling a willingness to maintain or pursue tighter policy amid mixed inflation data. Higher-for-longer rates typically weigh on high-growth technology valuations. Fed Minutes Signal More Tightening
• Negative Sentiment: A separate article highlighted fee-driven switching from QQQ to Invesco’s lower-cost Nasdaq-100 alternative, which holds the same portfolio. While the issue is structural rather than an immediate earnings risk, persistent reallocations could modestly reduce demand for QQQ among long-term investors. Investors Switching From QQQ to a Lower-Fee Alternative

Invesco QQQ Stock Performance

QQQ stock opened at $747.58 on Friday. Invesco QQQ has a 52-week low of $555.60 and a 52-week high of $762.86. The company’s 50 day simple moving average is $723.87 and its 200-day simple moving average is $697.62.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Monday, September 21st were given a dividend of $0.7514 per share. This represents a $3.01 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, September 21st. This is a negative change from Invesco QQQ’s previous quarterly dividend of $0.8135.

About Invesco QQQ

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.