NTV Asset Management LLC Purchases 1,231 Shares of Invesco QQQ $QQQ

NTV Asset Management LLC raised its position in Invesco QQQ (NASDAQ:QQQ) by 1.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 78,841 shares of the exchange traded fund’s stock after purchasing an additional 1,231 shares during the period. Invesco QQQ accounts for 5.3% of NTV Asset Management LLC’s holdings, making the stock its 2nd biggest position. NTV Asset Management LLC’s holdings in Invesco QQQ were worth $58,325,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Parvin Asset Management LLC bought a new position in shares of Invesco QQQ in the first quarter valued at approximately $28,000. High Point Wealth Management LLC increased its position in shares of Invesco QQQ by 68.0% during the second quarter. High Point Wealth Management LLC now owns 42 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 17 shares during the last quarter. Financial Management Professionals Inc. increased its position in shares of Invesco QQQ by 83.3% during the second quarter. Financial Management Professionals Inc. now owns 55 shares of the exchange traded fund’s stock valued at $41,000 after acquiring an additional 25 shares during the last quarter. Bullseye Investment Management LLC purchased a new stake in shares of Invesco QQQ during the second quarter valued at approximately $44,000. Finally, Annis Gardner Whiting Capital Advisors LLC increased its position in shares of Invesco QQQ by 146.7% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 111 shares of the exchange traded fund’s stock valued at $64,000 after acquiring an additional 66 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Key Headlines Impacting Invesco QQQ

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

• Positive Sentiment: Technology stocks had recently led a Nasdaq rebound, supporting QQQ as investors continued to favor major growth companies and AI-related leaders. Technology Stocks Pop, Lead Nasdaq Higher
• Positive Sentiment: QQQ was described as inching higher during Friday’s session, suggesting some dip-buying and stabilization after recent technology-sector volatility. Here’s Why the Invesco QQQ Trust ETF Is Inching Higher Today, October 23
• Neutral Sentiment: The launch of Tuttle Capital’s QQDH, an actively managed ETF using Nasdaq-100 exposure and options strategies, increases the range of competing Nasdaq-focused products but does not directly change QQQ’s holdings or fundamentals. Tuttle Capital Launches QQDH
• Neutral Sentiment: Invesco’s new international-innovator ETF, QQI, may broaden the company’s product lineup, though its higher costs and lower liquidity make it more of a complementary product than a direct replacement for QQQ. Invesco Launches QQI
• Negative Sentiment: Pre-market weakness in equity ETFs and renewed worries that massive AI capital expenditures may not generate adequate returns pressured growth-oriented funds such as QQQ. ETFs and Futures Lower Amid AI Spending Concerns
• Negative Sentiment: A recent technology sell-off and rotation into defensive stocks highlighted investor caution toward elevated technology valuations. Higher interest rates and credit-market concerns also remain headwinds for QQQ’s long-duration growth holdings. Tech Sell-Off Leads to Defensive Stocks

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $704.40 on Monday. The business’s fifty day simple moving average is $725.57 and its 200 day simple moving average is $708.91. 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 disclosed a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Monday, September 21st were paid a $0.7514 dividend. This is a drop from Invesco QQQ’s previous quarterly dividend of $0.8135. The ex-dividend date was Monday, September 21st. This represents a $3.01 dividend on an annualized basis and a yield of 0.4%.

Invesco QQQ 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.