Turner Capital Investments LLC Purchases New Position in Invesco QQQ $QQQ

Turner Capital Investments LLC acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ) in the third quarter, Holdings Channel reports. The fund acquired 8,385 shares of the exchange traded fund’s stock, valued at approximately $6,203,000. Invesco QQQ accounts for 5.5% of Turner Capital Investments LLC’s investment portfolio, making the stock its 5th biggest holding.

Other institutional investors have also recently added to or reduced their stakes in the company. Heartwood Wealth Advisors LLC lifted its stake in Invesco QQQ by 0.7% in the third quarter. Heartwood Wealth Advisors LLC now owns 1,952 shares of the exchange traded fund’s stock valued at $1,444,000 after buying an additional 14 shares during the last quarter. CAP Partners LLC increased its holdings in shares of Invesco QQQ by 3.5% in the 1st quarter. CAP Partners LLC now owns 444 shares of the exchange traded fund’s stock worth $256,000 after acquiring an additional 15 shares during the period. Durante & Waters LLC increased its holdings in shares of Invesco QQQ by 1.1% in the 1st quarter. Durante & Waters LLC now owns 1,425 shares of the exchange traded fund’s stock worth $822,000 after acquiring an additional 15 shares during the period. Roxbury Financial LLC lifted its position in Invesco QQQ by 19.7% in the 2nd quarter. Roxbury Financial LLC now owns 91 shares of the exchange traded fund’s stock valued at $67,000 after purchasing an additional 15 shares during the last quarter. Finally, GoalVest Advisory LLC grew its position in Invesco QQQ by 0.5% in the 2nd quarter. GoalVest Advisory LLC now owns 3,016 shares of the exchange traded fund’s stock worth $2,221,000 after purchasing an additional 15 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $751.27 on Friday. The firm’s 50 day moving average is $725.14 and its two-hundred day moving average is $698.00. Invesco QQQ has a 52 week low of $555.60 and a 52 week high of $762.86.

Invesco QQQ Cuts Dividend

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

Trending Headlines about Invesco QQQ

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

• Positive Sentiment: U.S. equities advanced after midday, providing a favorable backdrop for QQQ’s large technology holdings. Nasdaq strength and AI-led gains continue to support technology-focused ETFs. Exchange-Traded Funds Rise as US Equities Advance After Midday
• Positive Sentiment: A report highlighting ETFs benefiting from the Nasdaq’s breakout reinforces the bullish case for QQQ, as semiconductor and AI stocks remain key market leaders despite elevated Treasury yields. ETFs to Benefit as Nasdaq’s Breakthrough Still Matters
• Positive Sentiment: Winebrenner Capital Management increased its QQQ position by 738 shares, or 25.9%, a modest signal of institutional confidence. Winebrenner Capital Management LLC Buys 738 Shares of Invesco QQQ
• Neutral Sentiment: QQQ’s long-term performance remains strong, although comparisons show Vanguard Information Technology ETF (VGT) produced higher returns since ChatGPT’s launch. The difference reflects portfolio composition and risk, rather than a change in QQQ’s holdings. $10,000 in VGT the Day ChatGPT Launched Is Now $30,500
• Neutral Sentiment: Reported short interest was zero shares, implying no measurable short-selling pressure; however, the item’s description of a “significant increase” conflicts with the reported figure, limiting its usefulness as a trading signal.
• Negative Sentiment: Investors are switching from QQQ to a lower-fee fund tracking the same index, raising a potential long-term asset-gathering and fee-competition concern for Invesco. Why Buy-and-Hold Investors Are Switching From QQQ to This Lower-Fee Alternative
• Negative Sentiment: Warnings about potentially higher Treasury yields, additional Federal Reserve tightening, stretched AI valuations and bubble risk could pressure QQQ’s growth-stock holdings by increasing discount rates and reducing risk appetite. Fed Minutes Signal More Tightening Amid Mixed Inflation Data

Invesco QQQ Profile

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.