Invesco QQQ $QQQ Stock: Royal Fund Management LLC Grows Holdings

Royal Fund Management LLC lifted its stake in Invesco QQQ (NASDAQ:QQQ) by 4.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 59,658 shares of the exchange traded fund’s stock after buying an additional 2,609 shares during the period. Invesco QQQ makes up approximately 3.4% of Royal Fund Management LLC’s investment portfolio, making the stock its 2nd biggest position. Royal Fund Management LLC’s holdings in Invesco QQQ were worth $44,133,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in QQQ. Sepio Capital LP grew its position in Invesco QQQ by 132.5% during the third quarter. Sepio Capital LP now owns 49,736 shares of the exchange traded fund’s stock worth $36,793,000 after buying an additional 28,347 shares in the last quarter. Strategic Planning Group LLC increased its stake in Invesco QQQ by 81.9% during the 3rd quarter. Strategic Planning Group LLC now owns 1,137 shares of the exchange traded fund’s stock worth $841,000 after acquiring an additional 512 shares during the period. Howland Capital Management LLC raised its holdings in Invesco QQQ by 135.4% in the 3rd quarter. Howland Capital Management LLC now owns 7,198 shares of the exchange traded fund’s stock valued at $5,330,000 after acquiring an additional 4,140 shares in the last quarter. SeaCrest Wealth Management LLC raised its holdings in Invesco QQQ by 2.9% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 23,576 shares of the exchange traded fund’s stock valued at $17,441,000 after acquiring an additional 666 shares in the last quarter. Finally, Northern Lights Advisors Inc. acquired a new position in Invesco QQQ in the 3rd quarter valued at $411,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Key Invesco QQQ News

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

• Positive Sentiment: Technology stocks had recently led a Nasdaq rebound, supporting QQQ as investors continued to favor major growth companies and AI-related leaders. Technology Stocks Pop, Lead Nasdaq Higher
• Positive Sentiment: QQQ was described as inching higher during Friday’s session, suggesting some dip-buying and stabilization after recent technology-sector volatility. Here’s Why the Invesco QQQ Trust ETF Is Inching Higher Today, October 23
• Neutral Sentiment: The launch of Tuttle Capital’s QQDH, an actively managed ETF using Nasdaq-100 exposure and options strategies, increases the range of competing Nasdaq-focused products but does not directly change QQQ’s holdings or fundamentals. Tuttle Capital Launches QQDH
• Neutral Sentiment: Invesco’s new international-innovator ETF, QQI, may broaden the company’s product lineup, though its higher costs and lower liquidity make it more of a complementary product than a direct replacement for QQQ. Invesco Launches QQI
• Negative Sentiment: Pre-market weakness in equity ETFs and renewed worries that massive AI capital expenditures may not generate adequate returns pressured growth-oriented funds such as QQQ. ETFs and Futures Lower Amid AI Spending Concerns
• Negative Sentiment: A recent technology sell-off and rotation into defensive stocks highlighted investor caution toward elevated technology valuations. Higher interest rates and credit-market concerns also remain headwinds for QQQ’s long-duration growth holdings. Tech Sell-Off Leads to Defensive Stocks

Invesco QQQ Price Performance

QQQ opened at $704.40 on Friday. Invesco QQQ has a 52-week low of $555.60 and a 52-week high of $762.86. The business’s fifty day moving average is $725.57 and its 200-day moving average is $708.07.

Invesco QQQ Cuts Dividend

The company also recently disclosed 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 decrease from Invesco QQQ’s previous quarterly dividend of $0.8135. This represents a $3.01 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, September 21st.

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.