18,667 Shares of Invesco QQQ $QQQ Bought by Latitude Advisors LLC

Key Points

• Latitude Advisors LLC initiated a 18,667-share position in Invesco QQQ worth approximately $13.8 million, making QQQ its third-largest holding at 4.3% of the portfolio.
• Institutional investors and hedge funds own 44.58% of QQQ, with several firms increasing or initiating positions during the year.
• QQQ traded near $725.61, supported by technology and AI enthusiasm, though rising yields, inflation concerns and uncertainty over Federal Reserve policy pose risks to its growth-oriented holdings. The fund also reduced its quarterly dividend to $0.7514 per share from $0.8135.

Latitude Advisors LLC purchased a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 18,667 shares of the exchange traded fund's stock, valued at approximately $13,810,000. Invesco QQQ accounts for approximately 4.3% of Latitude Advisors LLC's portfolio, making the stock its 3rd biggest position.

A number of other large investors have also modified their holdings of the company. Flatrock Wealth Partners LLC purchased a new position in Invesco QQQ in the 1st quarter valued at about $924,000. Hegarty Advisors LLC acquired a new stake in Invesco QQQ in the 1st quarter worth about $2,212,000. Dixon Fnancial Services Inc. increased its stake in Invesco QQQ by 119.9% during the 3rd quarter. Dixon Fnancial Services Inc. now owns 1,834 shares of the exchange traded fund's stock worth $1,357,000 after buying an additional 1,000 shares in the last quarter. Ascension Capital Advisors Inc. increased its stake in Invesco QQQ by 643.8% during the 1st quarter. Ascension Capital Advisors Inc. now owns 3,094 shares of the exchange traded fund's stock worth $1,786,000 after buying an additional 2,678 shares in the last quarter. Finally, Financial Insights Inc. increased its stake in Invesco QQQ by 6.8% during the 2nd quarter. Financial Insights Inc. now owns 29,790 shares of the exchange traded fund's stock worth $21,938,000 after buying an additional 1,901 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

More Invesco QQQ News

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 Trading Up 0.6%

Shares of QQQ opened at $725.61 on Thursday. The stock has a 50 day moving average price of $725.42 and a 200 day moving average price of $678.25. Invesco QQQ has a one year low of $555.60 and a one year high of $762.86.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Monday, September 21st were given a dividend of $0.7514 per share. The ex-dividend date was Monday, September 21st. 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%.

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.

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