Prime Capital Investment Advisors LLC increased its holdings in Invesco QQQ (NASDAQ:QQQ – Free Report) by 0.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 202,122 shares of the exchange traded fund’s stock after acquiring an additional 1,746 shares during the period. Invesco QQQ comprises 1.5% of Prime Capital Investment Advisors LLC’s investment portfolio, making the stock its 13th biggest holding. Prime Capital Investment Advisors LLC’s holdings in Invesco QQQ were worth $149,524,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in QQQ. Parvin Asset Management LLC bought a new stake in Invesco QQQ during the 1st quarter worth approximately $28,000. High Point Wealth Management LLC raised its stake in shares of Invesco QQQ by 68.0% in the second quarter. High Point Wealth Management LLC now owns 42 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 17 shares during the last quarter. Financial Management Professionals Inc. raised its stake in shares of Invesco QQQ by 83.3% in the second quarter. Financial Management Professionals Inc. now owns 55 shares of the exchange traded fund’s stock worth $41,000 after purchasing an additional 25 shares during the last quarter. Bullseye Investment Management LLC purchased a new stake in shares of Invesco QQQ in the second quarter worth approximately $44,000. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of Invesco QQQ by 146.7% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 111 shares of the exchange traded fund’s stock valued at $64,000 after purchasing an additional 66 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.
Invesco QQQ Stock Performance
QQQ stock opened at $717.63 on Wednesday. Invesco QQQ has a twelve month low of $555.60 and a twelve month high of $762.86. The stock’s 50 day moving average is $726.62 and its 200-day moving average is $706.27.
Invesco QQQ Cuts Dividend
The business also recently disclosed 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 annualized dividend and a yield of 0.4%.
Key Headlines Impacting Invesco QQQ
Here are the key news stories impacting Invesco QQQ this week:
- Positive Sentiment: Broad-market ETFs advanced after midday, suggesting improving risk appetite that could provide support for QQQ and its large-cap growth holdings. Exchange-Traded Funds Gain as US Equities Advance After Midday
- Positive Sentiment: Investors continued buying technology stocks on weakness, indicating that dip buyers remain active despite the recent volatility in the Nasdaq-100. Tech Investors Bought The Dips
- Positive Sentiment: Invesco QQQ recently added NVIDIA and Apple, reinforcing exposure to two major technology leaders that can benefit if AI investment and growth-stock demand remain strong. Invesco QQQ Adds NVIDIA and Apple on Oct. 15
- Positive Sentiment: QQQ attracted approximately $1.66 billion in inflows, highlighting continued investor demand for Nasdaq-100 exposure despite concerns about fees and valuation. QQQ Pulled In $1.66 Billion
- Neutral Sentiment: Elevated inflation and faster growth expectations are creating uncertainty over future interest-rate policy. Higher rates could pressure growth-stock valuations, although stronger economic activity may support earnings. GDP Nowcasts Point To Faster Growth As Inflation Risks Mount
- Negative Sentiment: Several market commentaries warned that AI enthusiasm, high valuations and weakening credit conditions could produce a broader technology selloff. These concerns are particularly relevant to QQQ because of its heavy exposure to AI-linked mega-cap stocks. The S&P 500 Mirage
- Negative Sentiment: Recent weakness in technology and fears that the AI boom could end like previous market bubbles are weighing on investor confidence and limiting upside for QQQ today. All Booms End In A Bust – The AI Boom Is Likely No Different
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.
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