Invesco QQQ $QQQ Stock Acquired by Market Street Wealth Management Advisors LLC

Market Street Wealth Management Advisors LLC increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 414.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,549 shares of the exchange traded fund’s stock after purchasing an additional 1,248 shares during the quarter. Market Street Wealth Management Advisors LLC’s holdings in Invesco QQQ were worth $1,146,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of QQQ. ACT Wealth Management LLC increased its position in Invesco QQQ by 14.2% during the 3rd quarter. ACT Wealth Management LLC now owns 459 shares of the exchange traded fund’s stock worth $340,000 after purchasing an additional 57 shares during the period. Go Invest LLC purchased a new position in shares of Invesco QQQ during the 3rd quarter worth approximately $98,000. Diversified Management Inc. lifted its holdings in shares of Invesco QQQ by 1.0% in the 3rd quarter. Diversified Management Inc. now owns 17,997 shares of the exchange traded fund’s stock valued at $13,314,000 after buying an additional 171 shares during the period. Green Ridge Wealth Planning LLC lifted its holdings in shares of Invesco QQQ by 3.3% in the 3rd quarter. Green Ridge Wealth Planning LLC now owns 39,349 shares of the exchange traded fund’s stock valued at $29,109,000 after buying an additional 1,242 shares during the period. Finally, Acropolis Investment Management LLC boosted its stake in shares of Invesco QQQ by 1.3% in the third quarter. Acropolis Investment Management LLC now owns 3,264 shares of the exchange traded fund’s stock valued at $2,415,000 after buying an additional 41 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 1.3%

Shares of QQQ stock opened at $747.58 on Friday. The business’s fifty day moving average price is $723.87 and its 200 day moving average price is $697.62. Invesco QQQ has a 1-year low of $555.60 and a 1-year high of $762.86.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Monday, September 21st were issued a $0.7514 dividend. The ex-dividend date was Monday, September 21st. This represents a $3.01 dividend on an annualized basis and a dividend yield of 0.4%. This is a drop from Invesco QQQ’s previous quarterly dividend of $0.8135.

Key Headlines Impacting Invesco QQQ

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

• Positive Sentiment: Nasdaq record highs, powered by AI-related stocks, continue to support technology and semiconductor ETFs, including QQQ. ETFs to Benefit as Nasdaq’s Breakthrough Still Matters
• Positive Sentiment: Winebrenner Capital Management increased its QQQ position by 738 shares, a modest indication of continued institutional demand. Winebrenner Capital Management LLC Buys 738 Shares of Invesco QQQ
• Neutral Sentiment: QQQ’s identical-index alternative from Invesco has a lower expense ratio, encouraging some buy-and-hold investors to direct new contributions toward the cheaper fund. This may pressure future flows into QQQ, although it does not change the ETF’s underlying holdings. Why Buy-and-Hold Investors Are Switching From QQQ to This Lower-Fee Alternative
• Negative Sentiment: Broad U.S. equities and exchange-traded funds weakened during Thursday trading, creating direct pressure on QQQ and other growth-oriented benchmarks. Exchange-Traded Funds Drop as US Equities Fall After Midday
• Negative Sentiment: Reports that Treasury yields could move materially higher, potentially toward 6% for the 10-year note, have increased the discount rate applied to long-duration technology stocks. Fed minutes also suggested policymakers may favor additional tightening. The 10-Year Treasury Yield May Be About To Hit 6%
• Negative Sentiment: Higher oil prices linked to Middle East tensions add inflation risk and could make it harder for the Federal Reserve to ease policy, weighing on richly valued Nasdaq constituents. Exchange-Traded Funds, Equity Futures Down Pre-Bell Thursday as Oil Prices Rise
• Negative Sentiment: Analysts raised concerns about an AI bubble, aggressive off-balance-sheet financing and an eventual AI capital-spending slowdown. Those risks threaten the valuation and earnings-growth expectations supporting many of QQQ’s largest holdings. AI: More Off-Balance Sheet Shenanigans

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.