Flagship Wealth Advisors LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 2.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,536 shares of the exchange traded fund’s stock after buying an additional 1,116 shares during the quarter. Invesco QQQ accounts for approximately 7.9% of Flagship Wealth Advisors LLC’s portfolio, making the stock its largest holding. Flagship Wealth Advisors LLC’s holdings in Invesco QQQ were worth $35,906,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the stock. Envestnet Asset Management Inc. grew its position in Invesco QQQ by 1.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,038,610 shares of the exchange traded fund’s stock worth $2,237,606,000 after acquiring an additional 30,083 shares during the last quarter. Analyst IMS Investment Management Services Ltd. boosted its stake in shares of Invesco QQQ by 0.3% during the second quarter. Analyst IMS Investment Management Services Ltd. now owns 1,787,559 shares of the exchange traded fund’s stock valued at $1,316,358,000 after purchasing an additional 4,751 shares during the period. HighTower Advisors LLC grew its holdings in shares of Invesco QQQ by 3.1% in the second quarter. HighTower Advisors LLC now owns 1,230,679 shares of the exchange traded fund’s stock worth $906,272,000 after purchasing an additional 36,923 shares during the last quarter. Kestra Advisory Services LLC grew its holdings in Invesco QQQ by 10.5% in the 3rd quarter. Kestra Advisory Services LLC now owns 880,835 shares of the exchange traded fund’s stock worth $651,615,000 after acquiring an additional 83,394 shares during the last quarter. Finally, GoalVest Advisory LLC grew its stake in shares of Invesco QQQ by 20,256.6% in the third quarter. GoalVest Advisory LLC now owns 613,955 shares of the exchange traded fund’s stock worth $454,185,000 after purchasing an additional 610,939 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.
Invesco QQQ Trading Up 1.4%
NASDAQ QQQ traded up $9.05 on Friday, hitting $656.10. The company’s stock had a trading volume of 70,404,673 shares, compared to its average volume of 40,681,568. The company’s 50-day simple moving average is $720.97 and its 200 day simple moving average is $680.33. Invesco QQQ has a 52-week low of $555.60 and a 52-week high of $762.86.
Invesco QQQ Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Monday, September 21st were paid a dividend of $0.7514 per share. This represents a $3.01 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, September 21st. This is a negative change from Invesco QQQ’s previous quarterly dividend of $0.8135.
Invesco QQQ News Summary
Here are the key news stories impacting Invesco QQQ this week:
- Positive Sentiment: QQQ rose as several technology stocks recovered, helping lift the Nasdaq-100. Why Is Invesco QQQ Trust Rising Today, Nov. 6?
- Positive Sentiment: Broad U.S. equity ETFs advanced after midday, providing a supportive market backdrop for QQQ. Exchange-Traded Funds Higher as US Equities Advance After Midday
- Positive Sentiment: QQQ added to its Apple and NVIDIA positions on Nov. 4, increasing exposure to two major index constituents, though the fund’s purchases are not a separate earnings catalyst. INVESCO QQQ (QQQ) Adds Apple and NVIDIA on Nov. 4
- Neutral Sentiment: October job growth exceeded expectations. A resilient economy may support company demand, but it could also keep interest rates higher, a potential headwind for growth-stock valuations. Exchange-Traded Funds Higher, Equity Futures Mixed as US October Jobs Rise More than Expected
- Negative Sentiment: Recent selling in AI and semiconductor stocks remains a risk for QQQ, given the index’s substantial technology exposure. QQQ and SMH sink as chip stocks have worst day since 2020
- Negative Sentiment: Ongoing concerns about AI-sector volatility and broader market headwinds could make the rebound fragile. Q4 QQQ Roadmap: Navigating AI Turbulence & Market Headwinds
Invesco QQQ Company 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.
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