Family Capital Management Inc. lessened its position in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 2.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 38,110 shares of the exchange traded fund’s stock after selling 877 shares during the period. Invesco QQQ accounts for about 10.8% of Family Capital Management Inc.’s portfolio, making the stock its biggest holding. Family Capital Management Inc.’s holdings in Invesco QQQ were worth $28,193,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BCS Wealth Management raised its position in shares of Invesco QQQ by 1.6% during the 3rd quarter. BCS Wealth Management now owns 6,519 shares of the exchange traded fund’s stock worth $4,822,000 after acquiring an additional 100 shares in the last quarter. FWG Investments LLC. boosted its holdings in Invesco QQQ by 26.2% in the third quarter. FWG Investments LLC. now owns 2,361 shares of the exchange traded fund’s stock valued at $1,746,000 after purchasing an additional 490 shares in the last quarter. Carnegie Lake Advisors LLC boosted its holdings in Invesco QQQ by 1,012.0% in the third quarter. Carnegie Lake Advisors LLC now owns 8,140 shares of the exchange traded fund’s stock valued at $6,022,000 after purchasing an additional 7,408 shares in the last quarter. IronBridge Private Wealth LLC acquired a new position in Invesco QQQ in the third quarter valued at approximately $476,000. Finally, Elite Wealth Management Inc. increased its stake in Invesco QQQ by 27.0% in the third quarter. Elite Wealth Management Inc. now owns 1,694 shares of the exchange traded fund’s stock valued at $1,254,000 after purchasing an additional 360 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.
Invesco QQQ Stock Performance
Shares of Invesco QQQ stock opened at $656.10 on Monday. Invesco QQQ has a 52 week low of $555.60 and a 52 week high of $762.86. The firm’s 50 day moving average is $720.97 and its two-hundred day moving average is $680.33.
Invesco QQQ Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Monday, September 21st were given a dividend of $0.7514 per share. The ex-dividend date was Monday, September 21st. This represents a $3.01 annualized dividend and a dividend yield of 0.5%. 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: QQQ rose as several technology stocks recovered, helping lift the Nasdaq-100. Why Is Invesco QQQ Trust Rising Today, Nov. 6?
- Positive Sentiment: Broad U.S. equity ETFs advanced after midday, providing a supportive market backdrop for QQQ. Exchange-Traded Funds Higher as US Equities Advance After Midday
- Positive Sentiment: QQQ added to its Apple and NVIDIA positions on Nov. 4, increasing exposure to two major index constituents, though the fund’s purchases are not a separate earnings catalyst. INVESCO QQQ (QQQ) Adds Apple and NVIDIA on Nov. 4
- Neutral Sentiment: October job growth exceeded expectations. A resilient economy may support company demand, but it could also keep interest rates higher, a potential headwind for growth-stock valuations. Exchange-Traded Funds Higher, Equity Futures Mixed as US October Jobs Rise More than Expected
- Negative Sentiment: Recent selling in AI and semiconductor stocks remains a risk for QQQ, given the index’s substantial technology exposure. QQQ and SMH sink as chip stocks have worst day since 2020
- Negative Sentiment: Ongoing concerns about AI-sector volatility and broader market headwinds could make the rebound fragile. Q4 QQQ Roadmap: Navigating AI Turbulence & Market Headwinds
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.
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