Invesco QQQ $QQQ Stock Acquired by Horizon Wealth Management LLC

Horizon Wealth Management LLC increased its stake in Invesco QQQ (NASDAQ:QQQ) by 20.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 55,705 shares of the exchange traded fund’s stock after purchasing an additional 9,643 shares during the period. Invesco QQQ makes up 5.2% of Horizon Wealth Management LLC’s holdings, making the stock its 3rd largest position. Horizon Wealth Management LLC’s holdings in Invesco QQQ were worth $41,209,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in QQQ. Kestra Advisory Services LLC grew its position in Invesco QQQ by 10.5% in the third quarter. Kestra Advisory Services LLC now owns 880,835 shares of the exchange traded fund’s stock valued at $651,615,000 after purchasing an additional 83,394 shares in the last quarter. Fusion Family Wealth LLC increased its stake in Invesco QQQ by 1.0% in the 3rd quarter. Fusion Family Wealth LLC now owns 96,366 shares of the exchange traded fund’s stock valued at $71,289,000 after buying an additional 955 shares during the last quarter. TFB Advisors LLC increased its stake in Invesco QQQ by 10.5% in the 3rd quarter. TFB Advisors LLC now owns 8,044 shares of the exchange traded fund’s stock valued at $5,950,000 after buying an additional 763 shares during the last quarter. Wealth Dimensions Group Ltd. lifted its position in Invesco QQQ by 1.9% during the 3rd quarter. Wealth Dimensions Group Ltd. now owns 2,303 shares of the exchange traded fund’s stock worth $1,703,000 after buying an additional 43 shares in the last quarter. Finally, Pathway Financial Advisers LLC lifted its position in Invesco QQQ by 7.4% during the 3rd quarter. Pathway Financial Advisers LLC now owns 2,448 shares of the exchange traded fund’s stock worth $1,811,000 after buying an additional 169 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Trending Headlines about Invesco QQQ

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

• Neutral Sentiment: QQQ’s RSI was reported in oversold territory, but technical indicators still showed a strong-sell signal; oversold conditions alone do not confirm a rebound. QQQ key support and resistance levels to watch
• Negative Sentiment: QQQ saw approximately $80 billion in trading as technology shares sold off. The unusually high activity highlights intense investor repositioning and selling pressure. Invesco QQQ Trust sees record trading volume amid tech selloff
• Negative Sentiment: Semiconductor stocks experienced their worst session since 2020, dragging down QQQ and other tech-heavy funds as investors retreated from AI and growth shares. QQQ and SMH sink as chip stocks have worst day since 2020
• Negative Sentiment: AMD’s sharp drop added to pressure on chip-focused ETFs and broader index funds, including portfolios with overlapping semiconductor exposure. AMD’s Double-Digit Drop Is Rippling Through Your Chip ETFs

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $647.05 on Friday. The firm has a 50-day moving average of $722.27 and a 200-day moving average of $680.09. 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. Investors of record on Monday, September 21st were given a $0.7514 dividend. This is a decrease from Invesco QQQ’s previous quarterly dividend of $0.8135. This represents a $3.01 dividend on an annualized basis and a dividend yield of 0.5%. 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.