Invesco QQQ $QQQ Stock Bought by International Private Wealth Advisors LLC

International Private Wealth Advisors LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 22.1% in the third quarter, Holdings Channel reports. The institutional investor owned 4,408 shares of the exchange traded fund’s stock after buying an additional 798 shares during the period. Invesco QQQ comprises 1.2% of International Private Wealth Advisors LLC’s portfolio, making the stock its 23rd biggest holding. International Private Wealth Advisors LLC’s holdings in Invesco QQQ were worth $3,261,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of QQQ. Heartwood Wealth Advisors LLC boosted its position in Invesco QQQ by 0.7% during the 3rd quarter. Heartwood Wealth Advisors LLC now owns 1,952 shares of the exchange traded fund’s stock worth $1,444,000 after acquiring an additional 14 shares during the last quarter. Sherman Wealth Management LLC raised its holdings in shares of Invesco QQQ by 0.8% in 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 last quarter. Heritage Wealth Management Inc. raised 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 valued at $983,000 after purchasing an additional 14 shares during the last quarter. Royal Harbor Partners LLC lifted its position 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 in the last quarter. Finally, Durante & Waters LLC lifted its position in shares of Invesco QQQ by 1.1% in the first quarter. Durante & Waters LLC now owns 1,425 shares of the exchange traded fund’s stock worth $822,000 after purchasing an additional 15 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Top Invesco QQQ Stories

These are some of the QQQ stories that stood out recently:

• Positive Sentiment: U.S. equities advanced after midday on Nov. 11, offering a supportive backdrop for QQQ following the prior session’s weakness. Exchange-Traded Funds Higher as US Equities Advance After Midday
• Neutral Sentiment: QQQ’s reported holdings grew across its portfolio, including an additional $206.7 million in Apple on Nov. 9. This describes fund holdings activity but does not, by itself, establish a change in investor demand for QQQ. Invesco QQQ Trust (QQQ) Buys $206.7 Million More Apple on Nov. 9
• Negative Sentiment: October CPI rose 0.4% month over month, and reports described price pressures as broadening or sticky. That intensified speculation about a December Fed rate hike; higher rates can weigh on growth-stock valuations, a key risk for QQQ. October CPI: Broadening Price Pressures Keep Fed Tightening On Track

Invesco QQQ Stock Performance

Shares of QQQ opened at $690.38 on Thursday. Invesco QQQ has a 12 month low of $555.60 and a 12 month high of $762.86. The firm has a fifty day simple moving average of $719.04 and a 200 day simple moving average of $681.26.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Monday, September 21st were given a dividend of $0.7514 per share. This is a drop 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 0.4%.

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.