4,029 Shares in Invesco QQQ $QQQ Bought by Wavvest Wealth LLC

Wavvest Wealth LLC acquired a new stake in Invesco QQQ (NASDAQ:QQQ) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,029 shares of the exchange traded fund’s stock, valued at approximately $2,981,000. Invesco QQQ makes up approximately 2.3% of Wavvest Wealth LLC’s portfolio, making the stock its 12th biggest position.

Other hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its stake in shares of Invesco QQQ by 1.0% in the second quarter. Envestnet Asset Management Inc. now owns 3,038,610 shares of the exchange traded fund’s stock valued at $2,237,606,000 after purchasing an additional 30,083 shares during the period. Analyst IMS Investment Management Services Ltd. grew its holdings in Invesco QQQ by 0.3% during 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 purchasing an additional 4,751 shares in the last quarter. HighTower Advisors LLC increased its stake in Invesco QQQ by 3.1% during the 2nd quarter. HighTower Advisors LLC now owns 1,230,679 shares of the exchange traded fund’s stock worth $906,272,000 after buying an additional 36,923 shares during the period. Janney Montgomery Scott LLC increased its stake in Invesco QQQ by 1.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 850,685 shares of the exchange traded fund’s stock worth $490,998,000 after buying an additional 9,542 shares during the period. Finally, GoalVest Advisory LLC increased its stake in Invesco QQQ by 20,256.6% during the 3rd quarter. GoalVest Advisory LLC now owns 613,955 shares of the exchange traded fund’s stock worth $454,185,000 after buying an additional 610,939 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 2.9%

Shares of QQQ stock opened at $704.47 on Friday. The company’s fifty day moving average price is $726.10 and its two-hundred day moving average price is $708.10. Invesco QQQ has a 12 month low of $555.60 and a 12 month high of $762.86.

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 paid a $0.7514 dividend. This represents a $3.01 annualized dividend and a dividend yield of 0.4%. This is a negative change from Invesco QQQ’s previous quarterly dividend of $0.8135. The ex-dividend date was Monday, September 21st.

Invesco QQQ News Roundup

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

• Positive Sentiment: QQQ remains a key vehicle for investors seeking exposure to leading technology and artificial-intelligence companies. A prior Nasdaq rally, led by technology stocks, shows that risk appetite can return quickly if earnings or rate expectations improve. Technology Stocks Pop, Lead Nasdaq Higher
• Neutral Sentiment: A fund-trading report said QQQ sold shares on October 20, with NVIDIA among the leading transactions. The activity may reflect routine portfolio rebalancing rather than a fundamental change in QQQ’s investment outlook. What INVESCO QQQ Trust Sold: NVIDIA Leads on Oct. 20
• Negative Sentiment: Broad U.S. equity ETFs, including IWM and IVV, moved lower after midday, reinforcing the market-wide risk-off tone affecting QQQ and other growth-oriented funds. Exchange-Traded Funds, US Equities Lower After Midday
• Negative Sentiment: Several market commentaries warned that credit-market stress, elevated Treasury yields and the Federal Reserve’s rate outlook could pressure high-growth valuations. Because QQQ is heavily weighted toward long-duration technology stocks, higher borrowing costs and discount rates are particularly unfavorable. Credit Markets Are Signaling Trouble Ahead in 2027
• Negative Sentiment: Concerns that the AI capital-spending boom may be slowing or producing weaker returns have increased the risk of a pullback in semiconductor and mega-cap technology shares, important components of QQQ. The AI Spending Boom May Have Just Taken a Turn for the Worse

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.