Portfolio Resources Advisor Group Inc. raised its holdings in Invesco QQQ (NASDAQ:QQQ – Free Report) by 50.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,436 shares of the exchange traded fund’s stock after buying an additional 815 shares during the period. Invesco QQQ comprises about 1.5% of Portfolio Resources Advisor Group Inc.’s holdings, making the stock its 19th largest position. Portfolio Resources Advisor Group Inc.’s holdings in Invesco QQQ were worth $1,804,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of QQQ. Grange Capital LLC lifted its holdings in Invesco QQQ by 4.4% during the 3rd quarter. Grange Capital LLC now owns 2,678 shares of the exchange traded fund’s stock worth $1,981,000 after buying an additional 113 shares during the last quarter. Revisor Wealth Management LLC boosted its position in shares of Invesco QQQ by 3.0% during the 3rd quarter. Revisor Wealth Management LLC now owns 1,932 shares of the exchange traded fund’s stock worth $1,383,000 after acquiring an additional 57 shares in the last quarter. South Shore Capital Advisors increased its holdings in shares of Invesco QQQ by 14.3% in the 3rd quarter. South Shore Capital Advisors now owns 6,496 shares of the exchange traded fund’s stock valued at $4,805,000 after acquiring an additional 814 shares during the last quarter. Hegarty Advisors LLC increased its holdings in shares of Invesco QQQ by 34.8% in the 3rd quarter. Hegarty Advisors LLC now owns 5,157 shares of the exchange traded fund’s stock valued at $3,815,000 after acquiring an additional 1,330 shares during the last quarter. Finally, 55 North Private Wealth LLC increased its holdings in shares of Invesco QQQ by 13.0% in the 3rd quarter. 55 North Private Wealth LLC now owns 2,023 shares of the exchange traded fund’s stock valued at $1,496,000 after acquiring an additional 233 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.
Invesco QQQ Price Performance
Shares of NASDAQ QQQ opened at $725.20 on Thursday. Invesco QQQ has a fifty-two week low of $555.60 and a fifty-two week high of $762.86. The stock’s 50-day simple moving average is $726.65 and its 200-day simple moving average is $707.26.
Invesco QQQ Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Monday, September 21st were issued a $0.7514 dividend. This represents a $3.01 dividend on an annualized basis and a yield of 0.4%. This is a negative change from Invesco QQQ’s previous quarterly dividend of $0.8135. The ex-dividend date of this dividend was Monday, September 21st.
Key Invesco QQQ News
Here are the key news stories impacting Invesco QQQ this week:
- Positive Sentiment: QQQ’s exposure to NVIDIA is a key potential support, with the semiconductor giant identified as the leading purchase in recent fund activity. Continued investor demand for AI infrastructure stocks could lift the ETF. What Invesco QQQ Bought: NVIDIA Leads on Oct. 19
- Positive Sentiment: Technology futures rose, supporting QQQ, as strong results from SpaceX boosted enthusiasm for growth and technology shares. Upcoming Meta and Tesla earnings could provide additional catalysts because both companies are major Nasdaq-100 holdings. Stock Market Today: Tech Futures Rise With SpaceX Earnings
- Positive Sentiment: Broad U.S. equities advanced in midday trading, indicating that buying interest extended beyond a narrow group of technology names and provided a supportive backdrop for QQQ. Exchange-Traded Funds Gain as US Equities Advance After Midday
- Neutral Sentiment: Recent reports describe choppy trading and an uneven market response to higher rates. This leaves QQQ sensitive to bond yields: stable or falling yields would help, while further rate increases could pressure its growth-oriented holdings. Market’s Uneven Response To Higher Rates
- Negative Sentiment: Several commentaries warn that AI valuations may represent a bubble or the late stage of a boom. Such concerns could trigger profit-taking in highly valued QQQ constituents, particularly AI-related chip and cloud companies. Ken Griffin: There Are “Almost Certainly Bubbles” in AI Right Now
- Negative Sentiment: Credit concerns surrounding AI infrastructure companies, including debt risks highlighted for CoreWeave, add to worries that aggressive AI spending may not generate adequate returns. This could weigh indirectly on QQQ’s broader AI trade. CoreWeave Falls as HSBC Reiterates Bearish Call on Debt Risk
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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