WD Rutherford LLC purchased a new position in Invesco QQQ (NASDAQ:QQQ – Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 901 shares of the exchange traded fund’s stock, valued at approximately $667,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Heartwood Wealth Advisors LLC increased its holdings in shares of Invesco QQQ by 0.7% during the third quarter. Heartwood Wealth Advisors LLC now owns 1,952 shares of the exchange traded fund’s stock valued at $1,444,000 after acquiring an additional 14 shares in the last quarter. Sherman Wealth Management LLC raised its position in shares of Invesco QQQ by 0.8% during the third quarter. Sherman Wealth Management LLC now owns 1,702 shares of the exchange traded fund’s stock worth $1,259,000 after purchasing an additional 14 shares during the period. CAP Partners LLC raised its position in shares of Invesco QQQ by 3.5% during the first quarter. CAP Partners LLC now owns 444 shares of the exchange traded fund’s stock worth $256,000 after purchasing an additional 15 shares during the period. Durante & Waters LLC lifted its holdings in shares of Invesco QQQ by 1.1% in the 1st quarter. Durante & Waters LLC now owns 1,425 shares of the exchange traded fund’s stock worth $822,000 after purchasing an additional 15 shares in the last quarter. Finally, Roxbury Financial LLC lifted its holdings in shares of Invesco QQQ by 19.7% in the 2nd quarter. Roxbury Financial LLC now owns 91 shares of the exchange traded fund’s stock worth $67,000 after purchasing an additional 15 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.
More Invesco QQQ News
Here are the key news stories impacting Invesco QQQ this week:
- Positive Sentiment: QQQ benefited from a second consecutive advance in the Nasdaq, supported by continued enthusiasm for technology and artificial-intelligence stocks. Nasdaq Advances For Second Straight Day
- Positive Sentiment: Anthropic-related optimism provided a lift for the broader technology sector, reinforcing demand for QQQ’s large-cap technology holdings. Anthropic Gives The Tech Sector A Much-Needed Lift
- Positive Sentiment: QQQ added NVIDIA and Apple shares in a recent portfolio update, increasing exposure to two major artificial-intelligence and technology leaders. INVESCO QQQ Adds NVIDIA and Apple
- Neutral Sentiment: QQQ sold approximately $359.1 million of NVIDIA shares on October 26. The transaction may reflect routine index rebalancing or position management rather than a change in the fund’s long-term outlook. Invesco QQQ Sells NVIDIA
- Neutral Sentiment: Market leadership was mixed, with some broad equity ETFs rising while others declined, suggesting investors remain selective ahead of the Fed announcement. Exchange-Traded Funds, US Equities Mixed After Midday
- Negative Sentiment: Rising Treasury yields, persistent inflation concerns, deficit spending and heavy AI-related borrowing could compress the elevated valuations of QQQ’s growth-oriented holdings. QQQ market information
- Negative Sentiment: Uncertainty surrounding the Fed’s rate decision and comments from policymakers is encouraging caution, while strong economic growth could make near-term rate cuts less likely. Will Robust Q3 GDP Growth Complicate The Inflation Outlook?
Invesco QQQ Trading Up 0.6%
Shares of QQQ opened at $725.61 on Thursday. The business’s fifty day moving average is $725.42 and its 200 day moving average is $678.25. 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 declared a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Monday, September 21st were paid a dividend of $0.7514 per share. 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%.
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.
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