Envestnet Asset Management Inc. Acquires 30,083 Shares of Invesco QQQ $QQQ

Envestnet Asset Management Inc. increased its stake in Invesco QQQ (NASDAQ:QQQ) by 1.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,038,610 shares of the exchange traded fund’s stock after acquiring an additional 30,083 shares during the period. Envestnet Asset Management Inc. owned approximately 0.45% of Invesco QQQ worth $2,237,606,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in QQQ. Annis Gardner Whiting Capital Advisors LLC raised its holdings in Invesco QQQ by 2,150.0% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock valued at $28,000 after buying an additional 43 shares during the period. Parvin Asset Management LLC bought a new stake in Invesco QQQ in the first quarter worth $28,000. High Point Wealth Management LLC boosted its stake in 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 worth $31,000 after buying an additional 17 shares during the period. Islay Capital Management LLC purchased a new position in Invesco QQQ during the fourth quarter worth $32,000. Finally, Financial Management Professionals Inc. increased 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 valued at $41,000 after acquiring an additional 25 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Down 0.8%

Shares of QQQ traded down $6.25 during midday trading on Wednesday, hitting $741.21. The stock had a trading volume of 33,042,396 shares, compared to its average volume of 49,214,777. Invesco QQQ has a 1 year low of $555.60 and a 1 year high of $748.65. The stock’s 50 day moving average is $710.97 and its 200 day moving average is $685.25.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Monday, September 21st will be paid a dividend of $0.7514 per share. The ex-dividend date of this dividend is Monday, September 21st. This represents a $3.01 dividend on an annualized basis and a dividend yield of 0.4%.

More Invesco QQQ News

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

• Positive Sentiment: Falling Treasury yields and continued enthusiasm for artificial-intelligence companies have helped drive the Nasdaq-100 higher, benefiting QQQ’s large technology and communications-services holdings. Why is QQQ rising? AI stocks rally as Treasury yields fall below 5%
• Positive Sentiment: Market commentary suggests the summer consolidation may be ending, potentially setting up a stronger breakout if momentum persists. That outlook could encourage additional flows into growth-focused ETFs such as QQQ. Rejoice! The Summer Stock Slump is Over
• Positive Sentiment: Invesco launched the Invesco Nasdaq International Innovators 100 ETF (QQI), expanding its innovation-focused product suite beyond U.S. companies. The launch does not directly change QQQ’s holdings, but it may strengthen Invesco’s ETF franchise and innovation branding. The Invesco QQQ Innovation Suite Expands with the Launch of QQI
• Neutral Sentiment: A recent dividend announcement drew attention to QQQ and may have supported investor interest, although distributions generally do not alter the ETF’s underlying earnings outlook. Invesco QQQ Shares Up After Dividend Announcement
• Negative Sentiment: BlackRock’s lower-cost ETF tracking the same Nasdaq-100 index increases fee competition and could eventually pressure QQQ’s asset flows or pricing power. BlackRock Just Declared War on QQQ
• Negative Sentiment: Analysts continue to warn that QQQ and the broader technology sector are vulnerable to concentration risk, elevated valuations, and a potential pullback if AI enthusiasm fades or interest rates rise. The Hidden Tech Trap Destroying Your Portfolio

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.