Invesco QQQ $QQQ Shares Purchased by Wedmont Private Capital

Wedmont Private Capital grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 11.4% during the third quarter, Holdings Channel.com reports. The institutional investor owned 39,990 shares of the exchange traded fund’s stock after acquiring an additional 4,095 shares during the quarter. Invesco QQQ comprises approximately 0.7% of Wedmont Private Capital’s investment portfolio, making the stock its 23rd largest position. Wedmont Private Capital’s holdings in Invesco QQQ were worth $29,895,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Corient Private Wealth LLC raised its position in shares of Invesco QQQ by 3,567.7% in the 4th quarter. Corient Private Wealth LLC now owns 21,436,917 shares of the exchange traded fund’s stock valued at $13,168,912,000 after acquiring an additional 20,852,432 shares during the period. Align Financial LLC acquired a new position in Invesco QQQ during the fourth quarter valued at approximately $78,118,000. GoalVest Advisory LLC grew its holdings in 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 period. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Invesco QQQ by 21.4% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,025,000 shares of the exchange traded fund’s stock valued at $1,858,288,000 after purchasing an additional 534,000 shares in the last quarter. Finally, Corient Private Wealth LP raised its holdings in Invesco QQQ by 506.8% in the second quarter. Corient Private Wealth LP now owns 545,270 shares of the exchange traded fund’s stock worth $401,553,000 after purchasing an additional 455,412 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.5%

QQQ opened at $751.27 on Friday. The firm’s fifty day moving average is $725.14 and its two-hundred day moving average is $698.00. Invesco QQQ has a twelve month low of $555.60 and a twelve month high of $762.86.

Invesco QQQ Cuts Dividend

The firm 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. This represents a $3.01 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, September 21st. This is a drop from Invesco QQQ’s previous quarterly dividend of $0.8135.

Invesco QQQ News Summary

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

• Positive Sentiment: U.S. equities advanced after midday, providing a favorable backdrop for QQQ’s large technology holdings. Nasdaq strength and AI-led gains continue to support technology-focused ETFs. Exchange-Traded Funds Rise as US Equities Advance After Midday
• Positive Sentiment: A report highlighting ETFs benefiting from the Nasdaq’s breakout reinforces the bullish case for QQQ, as semiconductor and AI stocks remain key market leaders despite elevated Treasury yields. ETFs to Benefit as Nasdaq’s Breakthrough Still Matters
• Positive Sentiment: Winebrenner Capital Management increased its QQQ position by 738 shares, or 25.9%, a modest signal of institutional confidence. Winebrenner Capital Management LLC Buys 738 Shares of Invesco QQQ
• Neutral Sentiment: QQQ’s long-term performance remains strong, although comparisons show Vanguard Information Technology ETF (VGT) produced higher returns since ChatGPT’s launch. The difference reflects portfolio composition and risk, rather than a change in QQQ’s holdings. $10,000 in VGT the Day ChatGPT Launched Is Now $30,500
• Neutral Sentiment: Reported short interest was zero shares, implying no measurable short-selling pressure; however, the item’s description of a “significant increase” conflicts with the reported figure, limiting its usefulness as a trading signal.
• Negative Sentiment: Investors are switching from QQQ to a lower-fee fund tracking the same index, raising a potential long-term asset-gathering and fee-competition concern for Invesco. Why Buy-and-Hold Investors Are Switching From QQQ to This Lower-Fee Alternative
• Negative Sentiment: Warnings about potentially higher Treasury yields, additional Federal Reserve tightening, stretched AI valuations and bubble risk could pressure QQQ’s growth-stock holdings by increasing discount rates and reducing risk appetite. Fed Minutes Signal More Tightening Amid Mixed Inflation Data

Invesco QQQ 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.