Invesco QQQ $QQQ Stock Acquired by Kestra Advisory Services LLC

Kestra Advisory Services LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 10.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 880,835 shares of the exchange traded fund’s stock after acquiring an additional 83,394 shares during the period. Invesco QQQ makes up approximately 1.8% of Kestra Advisory Services LLC’s portfolio, making the stock its 4th largest position. Kestra Advisory Services LLC’s holdings in Invesco QQQ were worth $651,615,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Envestnet Asset Management Inc. increased its holdings in Invesco QQQ by 1.0% in the second quarter. Envestnet Asset Management Inc. now owns 3,038,610 shares of the exchange traded fund’s stock valued at $2,237,606,000 after buying an additional 30,083 shares in the last quarter. Analyst IMS Investment Management Services Ltd. lifted its position in shares of Invesco QQQ by 0.3% during the 2nd quarter. Analyst IMS Investment Management Services Ltd. now owns 1,787,559 shares of the exchange traded fund’s stock valued at $1,316,358,000 after acquiring an additional 4,751 shares during the period. HighTower Advisors LLC lifted its position in shares of Invesco QQQ by 3.1% during the 2nd quarter. HighTower Advisors LLC now owns 1,230,679 shares of the exchange traded fund’s stock valued at $906,272,000 after acquiring an additional 36,923 shares during the period. GoalVest Advisory LLC boosted its stake in shares of Invesco QQQ by 20,256.6% during the 3rd quarter. GoalVest Advisory LLC now owns 613,955 shares of the exchange traded fund’s stock worth $454,185,000 after acquiring an additional 610,939 shares in the last quarter. Finally, Corient Private Wealth LP boosted its stake in shares of Invesco QQQ by 506.8% during the 2nd quarter. Corient Private Wealth LP now owns 545,270 shares of the exchange traded fund’s stock worth $401,553,000 after acquiring an additional 455,412 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Invesco QQQ

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

• Neutral Sentiment: QQQ’s RSI was reported in oversold territory, but technical indicators still showed a strong-sell signal; oversold conditions alone do not confirm a rebound. QQQ key support and resistance levels to watch
• Negative Sentiment: QQQ saw approximately $80 billion in trading as technology shares sold off. The unusually high activity highlights intense investor repositioning and selling pressure. Invesco QQQ Trust sees record trading volume amid tech selloff
• Negative Sentiment: Semiconductor stocks experienced their worst session since 2020, dragging down QQQ and other tech-heavy funds as investors retreated from AI and growth shares. QQQ and SMH sink as chip stocks have worst day since 2020
• Negative Sentiment: AMD’s sharp drop added to pressure on chip-focused ETFs and broader index funds, including portfolios with overlapping semiconductor exposure. AMD’s Double-Digit Drop Is Rippling Through Your Chip ETFs

Invesco QQQ Stock Down 6.5%

NASDAQ QQQ opened at $647.05 on Friday. Invesco QQQ has a 1-year low of $555.60 and a 1-year high of $762.86. The business has a 50 day moving average price of $722.27 and a 200 day moving average price of $680.09.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Monday, September 21st were paid a dividend of $0.7514 per share. The ex-dividend date of this dividend was Monday, September 21st. This is a decrease from Invesco QQQ’s previous quarterly dividend of $0.8135. This represents a $3.01 dividend on an annualized basis and a dividend yield of 0.5%.

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.