1,462 Invesco QQQ $QQQ Shares Bought by Sowell Financial Services LLC

Key Points

• Sowell Financial Services increased its Invesco QQQ stake by 1.2%, buying 1,462 additional shares to hold 123,436 shares valued at approximately $91.3 million.
• Other institutional investors also raised or initiated positions, with institutional ownership reaching 44.58% of QQQ.
• QQQ opened at $725.61, near its 50-day moving average, while its quarterly dividend fell to $0.7514 per share from $0.8135, producing an annualized yield of about 0.4%.

Sowell Financial Services LLC lifted its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 123,436 shares of the exchange traded fund's stock after purchasing an additional 1,462 shares during the period. Invesco QQQ accounts for approximately 2.9% of Sowell Financial Services LLC's holdings, making the stock its 3rd largest holding. Sowell Financial Services LLC's holdings in Invesco QQQ were worth $91,314,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Lantern Wealth Advisors LLC increased its position in shares of Invesco QQQ by 15.8% in the 3rd quarter. Lantern Wealth Advisors LLC now owns 827 shares of the exchange traded fund's stock valued at $612,000 after buying an additional 113 shares in the last quarter. Murphy Pohlad Asset Management LLC acquired a new stake in Invesco QQQ during the 3rd quarter worth $284,000. Garrett Wealth Advisory Group LLC lifted its holdings in Invesco QQQ by 10.1% during the third quarter. Garrett Wealth Advisory Group LLC now owns 1,102 shares of the exchange traded fund's stock worth $815,000 after acquiring an additional 101 shares in the last quarter. Manchester Capital Management LLC lifted its holdings in Invesco QQQ by 2.0% during the third quarter. Manchester Capital Management LLC now owns 2,967 shares of the exchange traded fund's stock worth $2,195,000 after acquiring an additional 59 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. lifted its holdings in Invesco QQQ by 10.5% during the third quarter. Farmers & Merchants Investments Inc. now owns 972 shares of the exchange traded fund's stock worth $719,000 after acquiring an additional 92 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $725.61 on Thursday. Invesco QQQ has a 1 year low of $555.60 and a 1 year high of $762.86. The stock has a 50-day moving average price of $725.42 and a two-hundred day moving average price of $678.25.

Invesco QQQ Cuts Dividend

The firm also recently announced 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 yield of 0.4%. The ex-dividend date of this dividend 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: QQQ benefited from a second consecutive advance in the Nasdaq, supported by continued enthusiasm for technology and artificial-intelligence stocks. Nasdaq Advances For Second Straight Day
• Positive Sentiment: Anthropic-related optimism provided a lift for the broader technology sector, reinforcing demand for QQQ’s large-cap technology holdings. Anthropic Gives The Tech Sector A Much-Needed Lift
• Positive Sentiment: QQQ added NVIDIA and Apple shares in a recent portfolio update, increasing exposure to two major artificial-intelligence and technology leaders. INVESCO QQQ Adds NVIDIA and Apple
• Neutral Sentiment: QQQ sold approximately $359.1 million of NVIDIA shares on October 26. The transaction may reflect routine index rebalancing or position management rather than a change in the fund’s long-term outlook. Invesco QQQ Sells NVIDIA
• Neutral Sentiment: Market leadership was mixed, with some broad equity ETFs rising while others declined, suggesting investors remain selective ahead of the Fed announcement. Exchange-Traded Funds, US Equities Mixed After Midday
• Negative Sentiment: Rising Treasury yields, persistent inflation concerns, deficit spending and heavy AI-related borrowing could compress the elevated valuations of QQQ’s growth-oriented holdings. QQQ market information
• Negative Sentiment: Uncertainty surrounding the Fed’s rate decision and comments from policymakers is encouraging caution, while strong economic growth could make near-term rate cuts less likely. Will Robust Q3 GDP Growth Complicate The Inflation Outlook?

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.