Flaharty Asset Management LLC acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 10,394 shares of the exchange traded fund’s stock, valued at approximately $6,240,000. Invesco QQQ accounts for about 0.8% of Flaharty Asset Management LLC’s investment portfolio, making the stock its 26th largest position.
A number of other institutional investors have also added to or reduced their stakes in QQQ. Mutual Advisors LLC increased its holdings in Invesco QQQ by 7.6% in the 3rd quarter. Mutual Advisors LLC now owns 67,238 shares of the exchange traded fund’s stock valued at $41,054,000 after acquiring an additional 4,723 shares during the last quarter. Uptick Partners LLC boosted its stake in Invesco QQQ by 4.9% during the third quarter. Uptick Partners LLC now owns 10,601 shares of the exchange traded fund’s stock valued at $6,365,000 after buying an additional 499 shares during the last quarter. UMB Bank n.a. grew its holdings in Invesco QQQ by 19.8% during the 3rd quarter. UMB Bank n.a. now owns 4,944 shares of the exchange traded fund’s stock valued at $2,968,000 after buying an additional 818 shares in the last quarter. Hazlett Burt & Watson Inc. increased its stake in Invesco QQQ by 0.9% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 21,983 shares of the exchange traded fund’s stock worth $13,202,000 after acquiring an additional 197 shares during the last quarter. Finally, Cutler Investment Counsel LLC raised its holdings in shares of Invesco QQQ by 2.2% during the 3rd quarter. Cutler Investment Counsel LLC now owns 1,533 shares of the exchange traded fund’s stock worth $921,000 after acquiring an additional 33 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.
Invesco QQQ Trading Down 1.2%
NASDAQ QQQ opened at $621.87 on Friday. The stock has a 50 day moving average price of $619.83 and a 200-day moving average price of $600.54. Invesco QQQ has a one year low of $402.39 and a one year high of $637.01.
Invesco QQQ Increases Dividend
Key Stories Impacting Invesco QQQ
Here are the key news stories impacting Invesco QQQ this week:
- Positive Sentiment: Large holders and sector fundamentals give upside potential — Activest increased its QQQ exposure, signaling institutional confidence in megacap names like Nvidia, Apple and Microsoft that dominate the ETF. QQQ ETF Holdings Increased by Activest as Nvidia, Apple, Microsoft Dominate
- Positive Sentiment: AI spending from hyperscalers could drive further gains in QQQ’s largest holdings and support the ETF’s performance into earnings season. Hyperscaler AI Spending Plans Could Chart Course for QQQ
- Positive Sentiment: Market positioning data (short selling and put buying) may be signaling a contrarian setup that supports a big‑tech rally, which would help QQQ. Short Selling And Put Buying Point To Big Tech Rally
- Positive Sentiment: A softer U.S. dollar can favor U.S. growth stocks and ETFs like QQQ by boosting foreign demand for dollar‑denominated equities. Dollar Index Hits 4-Year Low And Traditional Wisdom Can Mislead This Time
- Neutral Sentiment: Investor sentiment surveys show reduced pessimism, which supports risk assets but is not an immediate driver of flows. AAII Sentiment Survey: Pessimism Tumbles
- Neutral Sentiment: Education pieces on ETF strategy and market timing can encourage buy‑and‑hold behavior for products like QQQ over time, but have limited short‑term price impact. This ETF Makes It Easy to Ditch Market Timing
- Neutral Sentiment: Coverage noting both bull and bear cases as QQQ tests new highs suggests heightened debate and potential for volatility rather than a clear directional catalyst. QQQ is reaching for a new high. 3 reasons each for bulls and bears to play it.
- Negative Sentiment: Joule Financial significantly reduced its reported stake in Invesco QQQ, a direct selling signal that can add downward pressure on the ETF, particularly if other holders follow. Joule Financial LLC Significantly Reduces Stake in Invesco QQQ: What It Means for Investors
- Negative Sentiment: The Fed’s decision to pause rate cuts raises uncertainty about the path of monetary policy; a less‑accommodative outlook can weigh on high‑multiple, growth‑heavy ETFs like QQQ. Federal Reserve Puts Rate Cuts On Pause
- Negative Sentiment: Rising commodity strength could rekindle inflation and higher rates, which would be a headwind for growth stocks concentrated in QQQ. The Commodity Boom May Send Inflation And Rates Much Higher
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.
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