B.A. Schrock Wealth Management Inc. Purchases 733 Shares of Invesco QQQ $QQQ

B.A. Schrock Wealth Management Inc. acquired a new position in shares of Invesco QQQ (NASDAQ:QQQ) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 733 shares of the exchange traded fund’s stock, valued at approximately $544,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in QQQ. Heartwood Wealth Advisors LLC increased its stake in Invesco QQQ by 0.7% during the 3rd quarter. Heartwood Wealth Advisors LLC now owns 1,952 shares of the exchange traded fund’s stock worth $1,444,000 after buying an additional 14 shares in the last quarter. CAP Partners LLC lifted its position in shares of Invesco QQQ by 3.5% in the first quarter. CAP Partners LLC now owns 444 shares of the exchange traded fund’s stock valued at $256,000 after acquiring an additional 15 shares in the last quarter. Durante & Waters LLC boosted its stake in shares of Invesco QQQ by 1.1% in the first 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 last quarter. Roxbury Financial LLC boosted its stake in shares of Invesco QQQ by 19.7% in the second quarter. Roxbury Financial LLC now owns 91 shares of the exchange traded fund’s stock worth $67,000 after acquiring an additional 15 shares during the last quarter. Finally, GoalVest Advisory LLC boosted its stake in shares of Invesco QQQ by 0.5% in the second quarter. GoalVest Advisory LLC now owns 3,016 shares of the exchange traded fund’s stock worth $2,221,000 after acquiring an additional 15 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

More Invesco QQQ News

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

• Neutral Sentiment: QQQ’s portfolio rules exclude all financial companies and require holdings to be listed on Nasdaq. That leaves the fund heavily tilted toward technology and communications stocks, while excluding banks and other financial firms that can benefit from higher interest rates. Invesco QQQ Doesn’t Own a Single Bank, and That’s Not the Only Thing the Nasdaq-100 Leaves Out
• Neutral Sentiment: Several articles highlight QQQ’s concentration in mega-cap technology and compare it with broader funds such as the S&P 500-focused VOO. The comparison underscores QQQ’s greater growth potential but also its greater sensitivity to valuation, interest rates, and technology-sector sentiment. QQQ vs VOO
• Negative Sentiment: September inflation readings were described as unexpectedly strong, raising concern that the Federal Reserve could hike rates as soon as October. Higher rates generally weigh on long-duration growth stocks because they reduce the present value of future earnings, creating a direct headwind for QQQ’s holdings. Hot September CPI: Why an October Fed Rate Hike Is Now In Play
• Negative Sentiment: Market breadth has weakened, semiconductor stocks have begun to roll over, and QQQ’s move above the $750 area was followed by a retreat below that level. The failed breakout suggests that buying leadership may be narrowing and increases the risk of a deeper pullback in richly valued technology stocks. Failed Breakout in Tech? 3 Sectors Leading the Market Rotation
• Negative Sentiment: Concerns that large artificial-intelligence infrastructure spending has become excessive are adding pressure to the fund. If tighter monetary policy limits technology companies’ ability to finance AI capital expenditures, expectations for future earnings growth could be reduced. AI CapEx Has a Fed Problem

Invesco QQQ Trading Down 2.0%

Shares of QQQ opened at $728.95 on Thursday. The stock has a 50 day moving average price of $726.69 and a 200 day moving average price of $702.10. Invesco QQQ has a one year low of $555.60 and a one year 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 is a drop from Invesco QQQ’s previous quarterly dividend of $0.8135. The ex-dividend date of this dividend was Monday, September 21st. This represents a $3.01 annualized dividend and a yield of 0.4%.

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.