Invesco QQQ $QQQ Stock Position Boosted by Sharper & Granite LLC

Sharper & Granite LLC boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 32.3% in the third quarter, Holdings Channel.com reports. The fund owned 8,690 shares of the exchange traded fund’s stock after acquiring an additional 2,121 shares during the quarter. Invesco QQQ comprises 2.1% of Sharper & Granite LLC’s portfolio, making the stock its 18th biggest holding. Sharper & Granite LLC’s holdings in Invesco QQQ were worth $6,429,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Heartwood Wealth Advisors LLC lifted its position in shares of Invesco QQQ by 0.7% during the third quarter. Heartwood Wealth Advisors LLC now owns 1,952 shares of the exchange traded fund’s stock worth $1,444,000 after purchasing an additional 14 shares during the last quarter. Sherman Wealth Management LLC boosted its stake in shares of Invesco QQQ by 0.8% during the third quarter. Sherman Wealth Management LLC now owns 1,702 shares of the exchange traded fund’s stock valued at $1,259,000 after purchasing an additional 14 shares during the period. Heritage Wealth Management Inc. grew its holdings in shares of Invesco QQQ by 1.1% in the third quarter. Heritage Wealth Management Inc. now owns 1,328 shares of the exchange traded fund’s stock worth $983,000 after purchasing an additional 14 shares during the last quarter. Royal Harbor Partners LLC grew its holdings in shares of Invesco QQQ by 4.6% in the third quarter. Royal Harbor Partners LLC now owns 318 shares of the exchange traded fund’s stock worth $235,000 after purchasing an additional 14 shares during the last quarter. Finally, CAP Partners LLC grew its holdings in shares of Invesco QQQ by 3.5% in the first quarter. CAP Partners LLC now owns 444 shares of the exchange traded fund’s stock worth $256,000 after purchasing an additional 15 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Trending Headlines about Invesco QQQ

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

• Positive Sentiment: QQQ rose as several technology stocks recovered, helping lift the Nasdaq-100. Why Is Invesco QQQ Trust Rising Today, Nov. 6?
• Positive Sentiment: Broad U.S. equity ETFs advanced after midday, providing a supportive market backdrop for QQQ. Exchange-Traded Funds Higher as US Equities Advance After Midday
• Positive Sentiment: QQQ added to its Apple and NVIDIA positions on Nov. 4, increasing exposure to two major index constituents, though the fund’s purchases are not a separate earnings catalyst. INVESCO QQQ (QQQ) Adds Apple and NVIDIA on Nov. 4
• Neutral Sentiment: October job growth exceeded expectations. A resilient economy may support company demand, but it could also keep interest rates higher, a potential headwind for growth-stock valuations. Exchange-Traded Funds Higher, Equity Futures Mixed as US October Jobs Rise More than Expected
• Negative Sentiment: Recent selling in AI and semiconductor stocks remains a risk for QQQ, given the index’s substantial technology exposure. QQQ and SMH sink as chip stocks have worst day since 2020
• Negative Sentiment: Ongoing concerns about AI-sector volatility and broader market headwinds could make the rebound fragile. Q4 QQQ Roadmap: Navigating AI Turbulence & Market Headwinds

Invesco QQQ Trading Up 1.4%

QQQ stock traded up $9.05 during trading on Friday, hitting $656.10. The company had a trading volume of 70,404,673 shares, compared to its average volume of 40,681,568. Invesco QQQ has a 52-week low of $555.60 and a 52-week high of $762.86. The company has a 50 day simple moving average of $720.97 and a 200-day simple moving average of $680.33.

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 given a $0.7514 dividend. 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. This represents a $3.01 annualized dividend and a yield of 0.5%.

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.