Maxi Investments CY Ltd grew its stake in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 25.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 119,052 shares of the exchange traded fund’s stock after acquiring an additional 23,999 shares during the quarter. Invesco QQQ comprises about 16.2% of Maxi Investments CY Ltd’s investment portfolio, making the stock its biggest holding. Maxi Investments CY Ltd’s holdings in Invesco QQQ were worth $88,071,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently made changes to their positions in the company. GoalVest Advisory LLC raised its holdings in shares of Invesco QQQ by 20,256.6% during the third quarter. GoalVest Advisory LLC now owns 613,955 shares of the exchange traded fund’s stock valued at $454,185,000 after purchasing an additional 610,939 shares during the last quarter. Corient Private Wealth LP lifted its position in Invesco QQQ by 506.8% during the second quarter. Corient Private Wealth LP now owns 545,270 shares of the exchange traded fund’s stock valued at $401,553,000 after purchasing an additional 455,412 shares during the period. Alaska Permanent Fund Corp purchased a new stake in Invesco QQQ in the second quarter worth approximately $207,072,000. Senator Investment Group LP purchased a new stake in Invesco QQQ in the second quarter worth approximately $157,221,000. Finally, Ascentis Wealth Management LLC boosted its holdings in Invesco QQQ by 74,117.2% in the second quarter. Ascentis Wealth Management LLC now owns 194,449 shares of the exchange traded fund’s stock worth $143,192,000 after purchasing an additional 194,187 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.
Invesco QQQ Stock Up 1.3%
NASDAQ:QQQ opened at $721.25 on Wednesday. Invesco QQQ has a 12 month low of $555.60 and a 12 month high of $762.86. The company has a 50 day simple moving average of $725.26 and a two-hundred day simple moving average of $677.73.
Invesco QQQ Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Monday, September 21st were issued a dividend of $0.7514 per share. This represents a $3.01 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, September 21st. This is a negative change from Invesco QQQ’s previous quarterly dividend of $0.8135.
Key Invesco QQQ News
Here are the key news stories impacting Invesco QQQ this week:
- Positive Sentiment: Broad-market ETFs advanced as U.S. stocks rose, providing a favorable backdrop for QQQ’s large-cap technology holdings. Expectations for strong results from major technology companies and a potentially patient Federal Reserve also supported risk appetite. Exchange-Traded Funds Higher as US Equities Rise After Midday
- Positive Sentiment: QQQ added NVIDIA and Apple to its portfolio in an October 23 transaction, reinforcing exposure to two of the market’s most influential technology and artificial-intelligence companies. Continued strength in these mega-cap names can have an outsized effect on the fund’s performance. INVESCO QQQ Adds NVIDIA and Apple
- Positive Sentiment: Invesco Ltd. announced a $1.5 billion preferred-stock repurchase and reported third-quarter results. The transaction is expected to reduce preferred-share claims and lift the sponsor’s future earnings per share, which could modestly improve sentiment toward Invesco, although it does not directly change QQQ’s holdings or net asset value. Invesco Reports Q3 Results and Announces Preferred Repurchase
- Neutral Sentiment: QQQ reportedly sold approximately $14.3 million of NVIDIA shares. This appears to reflect routine portfolio rebalancing rather than a fundamental change in the fund’s technology or AI exposure. QQQ Sells More NVIDIA
- Neutral Sentiment: Articles comparing QQQ with other technology and broad-market ETFs highlighted its higher-growth, more concentrated profile. That positioning may benefit QQQ during technology-led rallies but exposes it to greater volatility than diversified alternatives. VGT vs. QQQ
- Negative Sentiment: Some market commentary warned that technology’s risk premium is rising and that AI-related enthusiasm could face pressure if earnings fail to meet elevated expectations. This creates downside risk for QQQ because of its heavy concentration in large technology companies. Tech Risk Premium Rising Ahead of Key Earnings
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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