Pioneer Family Office LLC lowered its holdings in Invesco QQQ (NASDAQ:QQQ – Free Report) by 14.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,577 shares of the exchange traded fund’s stock after selling 5,720 shares during the period. Invesco QQQ makes up about 12.0% of Pioneer Family Office LLC’s portfolio, making the stock its 3rd largest holding. Pioneer Family Office LLC’s holdings in Invesco QQQ were worth $24,104,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently made changes to their positions in QQQ. High Point Wealth Management LLC raised its position in shares of Invesco QQQ by 68.0% in the second quarter. High Point Wealth Management LLC now owns 42 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 17 shares in the last quarter. Parvin Asset Management LLC bought a new stake in shares of Invesco QQQ in the first quarter valued at approximately $28,000. Financial Management Professionals Inc. grew its position in Invesco QQQ by 83.3% during the second quarter. Financial Management Professionals Inc. now owns 55 shares of the exchange traded fund’s stock worth $41,000 after buying an additional 25 shares in the last quarter. CrossGen Wealth LLC grew its position in Invesco QQQ by 44.7% during the third quarter. CrossGen Wealth LLC now owns 55 shares of the exchange traded fund’s stock worth $41,000 after buying an additional 17 shares in the last quarter. Finally, Bullseye Investment Management LLC acquired a new stake in Invesco QQQ during the second quarter worth approximately $44,000. Institutional investors and hedge funds own 44.58% of the company’s stock.
Invesco QQQ Stock Performance
Invesco QQQ stock opened at $691.95 on Thursday. The stock’s fifty day moving average price is $723.55 and its two-hundred day moving average price is $679.96. Invesco QQQ has a one year low of $555.60 and a one year high of $762.86.
Invesco QQQ Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Monday, September 21st were issued a dividend of $0.7514 per share. This is a decrease 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%.
Key Headlines Impacting Invesco QQQ
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 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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