Invesco QQQ $QQQ Shares Purchased by Jacksonville Wealth Management LLC

Jacksonville Wealth Management LLC lifted its position in Invesco QQQ (NASDAQ:QQQ) by 7.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 25,736 shares of the exchange traded fund’s stock after purchasing an additional 1,800 shares during the period. Invesco QQQ comprises approximately 10.0% of Jacksonville Wealth Management LLC’s portfolio, making the stock its 2nd biggest holding. Jacksonville Wealth Management LLC’s holdings in Invesco QQQ were worth $19,039,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in QQQ. Sageworth Trust Co boosted its holdings in shares of Invesco QQQ by 32.9% during the third quarter. Sageworth Trust Co now owns 5,463 shares of the exchange traded fund’s stock worth $4,041,000 after purchasing an additional 1,352 shares during the period. Independent Investors Inc. increased its holdings in Invesco QQQ by 62.7% during the 3rd quarter. Independent Investors Inc. now owns 623 shares of the exchange traded fund’s stock valued at $461,000 after purchasing an additional 240 shares during the period. Jmac Enterprises LLC increased its holdings in Invesco QQQ by 0.3% during the 3rd quarter. Jmac Enterprises LLC now owns 45,683 shares of the exchange traded fund’s stock valued at $33,795,000 after purchasing an additional 119 shares during the period. Cordgrass Capital Advisors LLC raised its position in Invesco QQQ by 1.3% during the 3rd quarter. Cordgrass Capital Advisors LLC now owns 3,698 shares of the exchange traded fund’s stock valued at $2,736,000 after purchasing an additional 48 shares during the last quarter. Finally, JCIC Asset Management Inc. raised its position in Invesco QQQ by 41.7% during the 3rd quarter. JCIC Asset Management Inc. now owns 170 shares of the exchange traded fund’s stock valued at $126,000 after purchasing an additional 50 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Key Invesco QQQ News

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

• Positive Sentiment: QQQ’s holdings moved higher alongside Wednesday’s advance in U.S. equities, and a separate report described technology stocks rebounding. That recovery may help the fund, which is heavily exposed to large growth and technology companies. Exchange-Traded Funds Higher as US Equities Advance After Midday Tech Stocks Rebound To Take Center Stage – Again
• Positive Sentiment: QQQ added to all 101 of its positions on Monday, buying $3.88 billion in stocks, including Apple and NVIDIA. This indicates broad portfolio accumulation, though it does not necessarily represent investor inflows into QQQ itself. INVESCO QQQ (QQQ) Adds Apple and NVIDIA on Monday
• Neutral Sentiment: Historical analysis cited by market commentators suggests stocks have often performed well in the months following U.S. midterm elections. That seasonal pattern may support sentiment, but it does not guarantee a rebound in QQQ. Stocks Have Always Risen After Midterm Elections
• Negative Sentiment: The Nasdaq-100 has entered correction territory after falling more than 10% from its October highs, with AI-industry concerns weighing on technology shares. Continued volatility or further weakness in major tech holdings could pressure QQQ. Nasdaq 100 and QQQ have sunk into a correction: will they rebound after midterms?
• Negative Sentiment: A stronger economy may complicate the inflation fight, potentially keeping interest rates elevated for longer—a headwind for growth-oriented stocks. A Stronger Economy May Complicate The Inflation Fight

Invesco QQQ Trading Up 1.0%

NASDAQ QQQ opened at $691.95 on Thursday. Invesco QQQ has a fifty-two week low of $555.60 and a fifty-two week high of $762.86. The stock has a 50 day simple moving average of $723.55 and a two-hundred day simple moving average of $679.96.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Monday, September 21st were issued a dividend of $0.7514 per share. This is a drop 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%. The ex-dividend date was Monday, September 21st.

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.