Invesco QQQ $QQQ Stake Lessened by PPS&V Asset Management Consultants Inc.

PPS&V Asset Management Consultants Inc. reduced its position in shares of Invesco QQQ (NASDAQ:QQQ) by 1.9% in the third quarter, HoldingsChannel reports. The firm owned 48,909 shares of the exchange traded fund’s stock after selling 965 shares during the quarter. Invesco QQQ makes up 19.6% of PPS&V Asset Management Consultants Inc.’s investment portfolio, making the stock its 2nd largest position. PPS&V Asset Management Consultants Inc.’s holdings in Invesco QQQ were worth $36,181,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Congress Asset Management Co. grew its holdings in Invesco QQQ by 32.2% during the third quarter. Congress Asset Management Co. now owns 522 shares of the exchange traded fund’s stock valued at $386,000 after purchasing an additional 127 shares during the period. Private Capital Advisors Inc. lifted its stake in Invesco QQQ by 1.2% in the 3rd quarter. Private Capital Advisors Inc. now owns 4,309 shares of the exchange traded fund’s stock worth $3,188,000 after purchasing an additional 50 shares in the last quarter. Ables Iannone Moore & Associates Inc. grew its holdings in shares of Invesco QQQ by 2.1% in the third quarter. Ables Iannone Moore & Associates Inc. now owns 2,076 shares of the exchange traded fund’s stock valued at $1,536,000 after purchasing an additional 42 shares in the last quarter. Rosenberg Matthew Hamilton increased its stake in Invesco QQQ by 8.3% during the third quarter. Rosenberg Matthew Hamilton now owns 1,027 shares of the exchange traded fund’s stock worth $760,000 after acquiring an additional 79 shares during the last quarter. Finally, Box Hill Private Wealth LLC lifted its holdings in shares of Invesco QQQ by 9.7% in the 3rd quarter. Box Hill Private Wealth LLC now owns 13,368 shares of the exchange traded fund’s stock worth $9,889,000 after acquiring an additional 1,177 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.5%

Shares of NASDAQ QQQ traded up $3.46 during mid-day trading on Tuesday, reaching $759.66. The company had a trading volume of 26,426,514 shares, compared to its average volume of 48,363,570. Invesco QQQ has a 52 week low of $555.60 and a 52 week high of $762.86. The business’s 50-day moving average is $718.99 and its 200-day moving average is $694.14.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Monday, September 21st will be issued a $0.7514 dividend. The ex-dividend date is Monday, September 21st. This represents a $3.01 annualized dividend and a dividend yield of 0.4%. This is a negative change from Invesco QQQ’s previous quarterly dividend of $0.8135.

Trending Headlines about Invesco QQQ

Here are the key news stories impacting Invesco QQQ this week:

• Positive Sentiment: A broad technology-stock rally is lifting the Nasdaq-100, directly benefiting QQQ because of its significant exposure to major technology and communications companies. Markets Take Off As Tech Stocks Rally
• Positive Sentiment: Market commentary remains bullish, with some analysts arguing that a U.S. recession is not imminent, the bull market can continue, and rising bond yields may not derail equities. These views support continued appetite for growth stocks held by QQQ. A U.S. Recession Still Isn’t Imminent
• Positive Sentiment: Softer employment data and expectations for a Federal Reserve pause could reduce pressure from interest rates, a potential tailwind for high-growth technology valuations. Softer Jobs Data Strengthen The Case For A Fed Pause
• Neutral Sentiment: QQQ’s strong five-year performance compared with ARKK highlights investor preference for profitable, established technology leaders, although the comparison is disputed by Cathie Wood as sensitive to the measurement period. Cathie Wood Claps Back After ARKK Comparison
• Negative Sentiment: Several reports warn that the Nasdaq and broader equity markets may be overextended, citing narrow market breadth, elevated valuations, and comparisons with the dot-com era. These concerns could increase volatility for QQQ after its strong advance. Nasdaq At All-Time Highs: This Is Getting Ridiculous
• Negative Sentiment: Weak September job growth and warnings about credit-market stress remain risks, particularly if higher yields or deteriorating economic conditions pressure high-growth stocks. Employment Report: 29K Jobs Added In September, Worse Than Expected

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.