796 Invesco QQQ $QQQ Shares Bought by GRIMES & Co WEALTH MANAGEMENT LLC

GRIMES & Co WEALTH MANAGEMENT LLC grew its position in shares of Invesco QQQ (NASDAQ:QQQ) by 11.8% during the third quarter, HoldingsChannel reports. The firm owned 7,541 shares of the exchange traded fund’s stock after buying an additional 796 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in Invesco QQQ were worth $5,578,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in QQQ. Envestnet Asset Management Inc. lifted its holdings in Invesco QQQ by 1.0% in 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 buying an additional 30,083 shares in the last quarter. Analyst IMS Investment Management Services Ltd. boosted its position in Invesco QQQ by 0.3% in the 2nd 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 buying an additional 4,751 shares during the last quarter. HighTower Advisors LLC boosted its position in Invesco QQQ by 3.1% in the 2nd quarter. HighTower Advisors LLC now owns 1,230,679 shares of the exchange traded fund’s stock valued at $906,272,000 after buying an additional 36,923 shares during the last quarter. GoalVest Advisory LLC boosted its position in Invesco QQQ by 20,256.6% in the 3rd quarter. GoalVest Advisory LLC now owns 613,955 shares of the exchange traded fund’s stock valued at $454,185,000 after buying an additional 610,939 shares during the last quarter. Finally, Corient Private Wealth LP grew its stake in shares of Invesco QQQ by 506.8% during the second quarter. Corient Private Wealth LP now owns 545,270 shares of the exchange traded fund’s stock valued at $401,553,000 after acquiring an additional 455,412 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 1.4%

Shares of NASDAQ QQQ opened at $681.09 on Tuesday. Invesco QQQ has a 1 year low of $555.60 and a 1 year high of $762.86. The stock’s 50-day simple moving average is $724.35 and its 200-day simple moving average is $679.29.

Invesco QQQ Cuts Dividend

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

Key Headlines Impacting Invesco QQQ

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

• Positive Sentiment: Some market commentary argues that the broader bear market may be ending rather than beginning, which could support QQQ’s growth-oriented holdings if risk appetite improves. The Bear Market Is Ending, Not Beginning
• Positive Sentiment: Historical comparisons continue to highlight QQQ’s stronger long-term growth relative to the S&P 500-tracking SPY, reinforcing its appeal to investors seeking greater exposure to technology and communications companies. There’s a $12,000 Reason to Consider Investing in QQQ Over SPY, but It Comes With a Caveat
• Positive Sentiment: A discussion of QQQ’s performance after a weak October suggests that historical November trends could provide a near-term seasonal tailwind, although past performance is not a guarantee. QQQ After A -6.7% October: What History Says About November
• Neutral Sentiment: Comparisons with Vanguard Information Technology ETF (VGT) frame QQQ as a tech-heavy but broader Nasdaq-100 fund; the choice depends on desired diversification, sector exposure and risk. VGT vs. QQQ: Which Tech ETF Is the Better Long-Term Buy?
• Neutral Sentiment: Broad U.S. equity ETFs moved higher during the session, providing a generally supportive market backdrop, but the report did not identify a QQQ-specific catalyst. Exchange-Traded Funds Higher as US Equities Rise After Midday
• Negative Sentiment: Several articles warn that the AI trade may be confronting reality, including stretched valuations, heavy spending requirements and credit-market risks. Those concerns are particularly important for QQQ because many of its largest holdings are AI beneficiaries. The AI Bubble Ran Into Reality Last Week The Credit Market’s Warning Is Coming Back To Haunt AI Stocks
• Negative Sentiment: QQQ’s concentration in a small number of mega-cap companies—and significant exposure to Apple—can amplify downside when investors reduce positions in high-growth technology stocks. Fidelity’s Broader Nasdaq ETF Has a Surprise for QQQ Investors: Even More Apple

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.