Flagship Wealth Advisors LLC boosted its position in Invesco QQQ (NASDAQ:QQQ – Free Report) by 2.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,536 shares of the exchange traded fund’s stock after acquiring an additional 1,116 shares during the quarter. Invesco QQQ accounts for approximately 7.9% of Flagship Wealth Advisors LLC’s portfolio, making the stock its largest holding. Flagship Wealth Advisors LLC’s holdings in Invesco QQQ were worth $35,906,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the company. Heartwood Wealth Advisors LLC boosted its holdings in shares of Invesco QQQ by 0.7% in the 3rd quarter. Heartwood Wealth Advisors LLC now owns 1,952 shares of the exchange traded fund’s stock worth $1,444,000 after purchasing an additional 14 shares in the last quarter. Sherman Wealth Management LLC raised its holdings in shares of Invesco QQQ by 0.8% during the 3rd quarter. Sherman Wealth Management LLC now owns 1,702 shares of the exchange traded fund’s stock valued at $1,259,000 after buying an additional 14 shares in the last quarter. Heritage Wealth Management Inc. raised its holdings in shares of Invesco QQQ by 1.1% during the 3rd quarter. Heritage Wealth Management Inc. now owns 1,328 shares of the exchange traded fund’s stock valued at $983,000 after buying an additional 14 shares in the last quarter. Royal Harbor Partners LLC raised its holdings in shares of Invesco QQQ by 4.6% during the 3rd quarter. Royal Harbor Partners LLC now owns 318 shares of the exchange traded fund’s stock valued at $235,000 after buying an additional 14 shares in the last quarter. Finally, CAP Partners LLC lifted its position in Invesco QQQ by 3.5% in the 1st quarter. CAP Partners LLC now owns 444 shares of the exchange traded fund’s stock worth $256,000 after buying an additional 15 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.
Key Stories Impacting Invesco QQQ
Here are the key news stories impacting Invesco QQQ this week:
- Positive Sentiment: QQQ rose as several technology stocks recovered, helping lift the Nasdaq-100. Why Is Invesco QQQ Trust Rising Today, Nov. 6?
- Positive Sentiment: Broad U.S. equity ETFs advanced after midday, providing a supportive market backdrop for QQQ. Exchange-Traded Funds Higher as US Equities Advance After Midday
- Positive Sentiment: QQQ added to its Apple and NVIDIA positions on Nov. 4, increasing exposure to two major index constituents, though the fund’s purchases are not a separate earnings catalyst. INVESCO QQQ (QQQ) Adds Apple and NVIDIA on Nov. 4
- Neutral Sentiment: October job growth exceeded expectations. A resilient economy may support company demand, but it could also keep interest rates higher, a potential headwind for growth-stock valuations. Exchange-Traded Funds Higher, Equity Futures Mixed as US October Jobs Rise More than Expected
- Negative Sentiment: Recent selling in AI and semiconductor stocks remains a risk for QQQ, given the index’s substantial technology exposure. QQQ and SMH sink as chip stocks have worst day since 2020
- Negative Sentiment: Ongoing concerns about AI-sector volatility and broader market headwinds could make the rebound fragile. Q4 QQQ Roadmap: Navigating AI Turbulence & Market Headwinds
Invesco QQQ Stock Performance
NASDAQ:QQQ traded up $9.05 during mid-day trading on Friday, reaching $656.10. The stock had a trading volume of 70,404,673 shares, compared to its average volume of 40,681,568. The firm has a 50 day moving average price of $720.97 and a two-hundred day moving average price of $680.33. Invesco QQQ has a one year low of $555.60 and a one year high of $762.86.
Invesco QQQ Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Monday, September 21st were paid a dividend of $0.7514 per share. This represents a $3.01 annualized dividend and a dividend yield of 0.5%. This is a drop from Invesco QQQ’s previous quarterly dividend of $0.8135. The ex-dividend date of this dividend 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.
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