Kestra Private Wealth Services LLC decreased its stake in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 1.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 170,841 shares of the exchange traded fund’s stock after selling 1,699 shares during the period. Invesco QQQ comprises about 1.3% of Kestra Private Wealth Services LLC’s investment portfolio, making the stock its 6th biggest holding. Kestra Private Wealth Services LLC’s holdings in Invesco QQQ were worth $126,383,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Wrenne Financial Planning LLC boosted its holdings in shares of Invesco QQQ by 6.3% in the 3rd quarter. Wrenne Financial Planning LLC now owns 978 shares of the exchange traded fund’s stock valued at $723,000 after buying an additional 58 shares during the period. Jacksonville Wealth Management LLC raised its stake in Invesco QQQ by 7.5% during the third quarter. Jacksonville Wealth Management LLC now owns 25,736 shares of the exchange traded fund’s stock worth $19,039,000 after acquiring an additional 1,800 shares during the period. Sageworth Trust Co lifted its holdings in Invesco QQQ by 32.9% in the third quarter. Sageworth Trust Co now owns 5,463 shares of the exchange traded fund’s stock worth $4,041,000 after acquiring an additional 1,352 shares during the last quarter. Independent Investors Inc. lifted its holdings in Invesco QQQ by 62.7% in the third quarter. Independent Investors Inc. now owns 623 shares of the exchange traded fund’s stock worth $461,000 after acquiring an additional 240 shares during the last quarter. Finally, Jmac Enterprises LLC lifted its holdings in Invesco QQQ by 0.3% in the third quarter. Jmac Enterprises LLC now owns 45,683 shares of the exchange traded fund’s stock worth $33,795,000 after acquiring an additional 119 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.
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 Stock Performance
Shares of QQQ stock opened at $691.95 on Thursday. The business has a 50 day moving average of $723.55 and a two-hundred day moving average of $679.96. Invesco QQQ has a 52 week low of $555.60 and a 52 week high of $762.86.
Invesco QQQ Cuts Dividend
The business 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 negative change 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 dividend yield of 0.4%.
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.
Further Reading
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