Global Wealth Management Investment Advisory Inc. lessened its stake in Invesco QQQ (NASDAQ:QQQ – Free Report) by 4.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,394 shares of the exchange traded fund’s stock after selling 1,229 shares during the period. Invesco QQQ comprises 2.7% of Global Wealth Management Investment Advisory Inc.’s portfolio, making the stock its 6th biggest holding. Global Wealth Management Investment Advisory Inc.’s holdings in Invesco QQQ were worth $21,745,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in the stock. Gryphon Financial Partners LLC increased its stake in Invesco QQQ by 3.1% during the third quarter. Gryphon Financial Partners LLC now owns 4,033 shares of the exchange traded fund’s stock valued at $2,984,000 after acquiring an additional 123 shares during the period. Soundwatch Capital LLC lifted its position in shares of Invesco QQQ by 2.5% in the 3rd quarter. Soundwatch Capital LLC now owns 15,434 shares of the exchange traded fund’s stock worth $11,569,000 after acquiring an additional 377 shares during the period. Consolidated Investment Group LLC lifted its position in shares of Invesco QQQ by 0.8% in the 3rd quarter. Consolidated Investment Group LLC now owns 360,400 shares of the exchange traded fund’s stock worth $266,613,000 after acquiring an additional 2,900 shares during the period. Kestra Investment Management LLC lifted its position in shares of Invesco QQQ by 187.3% in the 3rd quarter. Kestra Investment Management LLC now owns 11,726 shares of the exchange traded fund’s stock worth $8,675,000 after acquiring an additional 7,645 shares during the period. Finally, AlphaCore Capital LLC lifted its position in shares of Invesco QQQ by 22.6% in the 3rd quarter. AlphaCore Capital LLC now owns 34,299 shares of the exchange traded fund’s stock worth $25,399,000 after acquiring an additional 6,325 shares during the period. Institutional investors own 44.58% of the company’s stock.
Invesco QQQ Price Performance
Shares of NASDAQ:QQQ opened at $679.35 on Tuesday. Invesco QQQ has a 1-year low of $555.60 and a 1-year high of $762.86. The business’s 50 day moving average is $720.23 and its 200-day moving average is $680.65.
Invesco QQQ Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Monday, September 21st were paid a $0.7514 dividend. The ex-dividend date was Monday, September 21st. This is a negative change from Invesco QQQ’s previous quarterly dividend of $0.8135. This represents a $3.01 dividend on an annualized basis and a dividend yield of 0.4%.
Key Stories Impacting Invesco QQQ
Here are the key news stories impacting Invesco QQQ this week:
- Positive Sentiment: Broad U.S. equity ETFs and equity futures moved higher on Monday amid a global market recovery, which likely supported QQQ along with other growth-oriented funds. Exchange-Traded Funds, Equity Futures Higher Pre-Bell Monday Amid Global Market Recovery Exchange-Traded Funds Higher as US Equities Advance After Midday
- Neutral Sentiment: A retrospective on QQQ’s performance since launch highlights its strong long-term returns, but offers little new information about near-term trading. If You’d Invested $5,000 in QQQ the Day It Launched, Here’s What You’d Have Today
- Negative Sentiment: One report said QQQ sold about $2.1 billion of stock on Nov. 5 and bought none, trimming all 101 positions. That broad selling may weigh on sentiment, though the report does not establish the reason for the transactions. Invesco QQQ (QQQ) Sells Apple and Nvidia on Nov. 5
- Negative Sentiment: Recent commentary flagged deteriorating market momentum and downside risk for the Nasdaq, including a bearish scenario for QQQ. These are analyst opinions, not confirmed forecasts, but they may reinforce caution toward the fund’s tech-heavy exposure. Q4 Rally Cycle Cracks As Negative Momentum Signals Worsen From October The Nasdaq Is Toast: QQQ Could Go 40% Lower Here’s How, And What Could Stop It
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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