Invesco QQQ $QQQ Stock Acquired by Intelligence Driven Advisers LLC

Intelligence Driven Advisers LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 170.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,602 shares of the exchange traded fund’s stock after buying an additional 3,532 shares during the quarter. Invesco QQQ accounts for 0.7% of Intelligence Driven Advisers LLC’s investment portfolio, making the stock its 21st biggest position. Intelligence Driven Advisers LLC’s holdings in Invesco QQQ were worth $4,144,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Flatrock Wealth Partners LLC bought a new stake in Invesco QQQ in the 1st quarter worth approximately $924,000. Hegarty Advisors LLC bought a new position in Invesco QQQ during the first quarter valued at approximately $2,212,000. Ascension Capital Advisors Inc. grew its position in Invesco QQQ by 643.8% during the first quarter. Ascension Capital Advisors Inc. now owns 3,094 shares of the exchange traded fund’s stock valued at $1,786,000 after acquiring an additional 2,678 shares during the last quarter. Financial Insights Inc. grew its position in Invesco QQQ by 6.8% during the second quarter. Financial Insights Inc. now owns 29,790 shares of the exchange traded fund’s stock valued at $21,938,000 after acquiring an additional 1,901 shares during the last quarter. Finally, First Bancorp Inc ME purchased a new position in shares of Invesco QQQ during the second quarter worth approximately $677,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 0.4%

Shares of QQQ traded up $3.00 during mid-day trading on Friday, reaching $750.58. The company’s stock had a trading volume of 11,303,199 shares, compared to its average volume of 48,065,398. Invesco QQQ has a 52 week low of $555.60 and a 52 week high of $762.86. The company’s fifty day moving average price is $723.87 and its two-hundred day moving average price is $697.62.

Invesco QQQ Cuts Dividend

The firm 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 represents a $3.01 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, September 21st. 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 stocks and the “Magnificent Seven” remain market leaders, with AI enthusiasm helping drive technology ETFs higher. This supports QQQ, which has significant exposure to large-cap technology companies. ETFs to Benefit as Nasdaq’s Breakthrough Still Matters
  • Positive Sentiment: U.S. equities are positioned for modest weekly gains despite weaker performance in parts of Asia, suggesting that investor demand for major U.S. technology stocks remains resilient. Stocktwits Passport Portfolio: Wall Street Outpaces Asia
  • Neutral Sentiment: QQQ delivered strong long-term results since ChatGPT’s launch, but a comparison showed that Vanguard’s Information Technology ETF outperformed it over the period. The comparison reinforces QQQ’s appeal while highlighting that its concentrated technology exposure does not guarantee industry-leading returns. $10,000 in VGT the Day ChatGPT Launched Is Now $30,500
  • Negative Sentiment: Rising Treasury yields, expectations for additional Federal Reserve tightening and concern that the 10-year yield could approach 6% create a headwind for high-growth technology valuations. Fed Minutes Signal More Tightening
  • Negative Sentiment: Analysts continue to warn about elevated AI spending, stretched valuations, potential accounting concerns and bubble risk. A reversal in the AI trade could weigh heavily on QQQ’s concentrated holdings. Is the AI Bubble Really About to Burst?
  • Negative Sentiment: Investors are increasingly considering a lower-fee Invesco alternative tracking the same index, potentially reducing future flows into QQQ despite its strong performance history. Why Buy-and-Hold Investors Are Switching From QQQ to This Lower-Fee Alternative

Invesco QQQ Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ – Free Report).

Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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