Invesco QQQ $QQQ Stock Acquired by Triton Wealth Management PLLC

Triton Wealth Management PLLC raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 5.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,408 shares of the exchange traded fund’s stock after purchasing an additional 2,565 shares during the quarter. Invesco QQQ accounts for 10.5% of Triton Wealth Management PLLC’s investment portfolio, making the stock its 2nd largest position. Triton Wealth Management PLLC’s holdings in Invesco QQQ were worth $34,594,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. High Point Wealth Management LLC raised its position in Invesco QQQ by 68.0% in the second quarter. High Point Wealth Management LLC now owns 42 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 17 shares during the period. Parvin Asset Management LLC bought a new position in shares of Invesco QQQ during the 1st quarter valued at approximately $28,000. Financial Management Professionals Inc. grew its position in shares of Invesco QQQ by 83.3% during the 2nd quarter. Financial Management Professionals Inc. now owns 55 shares of the exchange traded fund’s stock valued at $41,000 after acquiring an additional 25 shares during the period. CrossGen Wealth LLC increased its stake in shares of Invesco QQQ by 44.7% during the 3rd quarter. CrossGen Wealth LLC now owns 55 shares of the exchange traded fund’s stock worth $41,000 after purchasing an additional 17 shares during the last quarter. Finally, Bullseye Investment Management LLC purchased a new stake in shares of Invesco QQQ during the 2nd quarter worth approximately $44,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $674.76 on Wednesday. The stock has a fifty day simple moving average of $719.39 and a two-hundred day simple moving average of $680.92. Invesco QQQ has a 1-year low of $555.60 and a 1-year high of $762.86.

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

Trending Headlines about Invesco QQQ

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

• Positive Sentiment: The Nasdaq-100 had recently posted its strongest session since March, with chip stocks leading a broad rebound. That recovery offers support if buyers return, though it has not prevented the latest pullback. The Nasdaq-100 Just Had Its Best Day Since March Without Nvidia’s Help
• Neutral Sentiment: QQQ’s underlying index rallied in the prior session, but coverage cautioned that key technical levels will determine whether the move marks a durable rebound or a short-lived bounce. Invesco QQQ Trust ETF Is Falling Today — Here’s Why
• Negative Sentiment: U.S. equities fell after midday, weighing on broad-market ETFs and QQQ. Exchange-Traded Funds Lower as US Equities Decline After Midday
• Negative Sentiment: Hot October inflation and resilient employment data have prompted discussion of a possible December Fed rate hike. Higher-rate expectations can pressure growth and technology shares, which carry substantial weight in QQQ. Hot October CPI Prompts Chatter of a Jumbo December Fed Rate Hike

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.