2,121 Invesco QQQ $QQQ Shares Purchased by Sharper & Granite LLC

Key Points

• Sharper & Granite LLC increased its QQQ stake by 32.3% in the third quarter, buying 2,121 shares to hold 8,690 shares valued at $6.43 million.
• Other institutional investors also adjusted their positions; institutional investors collectively own 44.58% of QQQ.
• QQQ rose 1.4% on Friday, while its quarterly dividend fell to $0.7514 from $0.8135. The article also notes that technology and AI-sector volatility could pose risks to the fund.

Sharper & Granite LLC increased its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 32.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,690 shares of the exchange traded fund's stock after acquiring an additional 2,121 shares during the period. Invesco QQQ makes up approximately 2.1% of Sharper & Granite LLC's investment portfolio, making the stock its 18th biggest position. Sharper & Granite LLC's holdings in Invesco QQQ were worth $6,429,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. increased its position in shares of Invesco QQQ by 1.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,038,610 shares of the exchange traded fund's stock valued at $2,237,606,000 after purchasing an additional 30,083 shares during the last quarter. Analyst IMS Investment Management Services Ltd. raised its holdings in Invesco QQQ by 0.3% during the 2nd quarter. Analyst IMS Investment Management Services Ltd. now owns 1,787,559 shares of the exchange traded fund's stock valued at $1,316,358,000 after buying an additional 4,751 shares during the period. HighTower Advisors LLC lifted its position in Invesco QQQ by 3.1% in the second quarter. HighTower Advisors LLC now owns 1,230,679 shares of the exchange traded fund's stock worth $906,272,000 after buying an additional 36,923 shares during the last quarter. Kestra Advisory Services LLC lifted its position in Invesco QQQ by 10.5% in the third quarter. Kestra Advisory Services LLC now owns 880,835 shares of the exchange traded fund's stock worth $651,615,000 after buying an additional 83,394 shares during the last quarter. Finally, GoalVest Advisory LLC lifted its position in Invesco QQQ by 20,256.6% in the third quarter. GoalVest Advisory LLC now owns 613,955 shares of the exchange traded fund's stock worth $454,185,000 after buying an additional 610,939 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Key Stories Impacting Invesco QQQ

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

• Positive Sentiment: QQQ rose as several technology stocks recovered, helping lift the Nasdaq-100. Why Is Invesco QQQ Trust Rising Today, Nov. 6?
• Positive Sentiment: Broad U.S. equity ETFs advanced after midday, providing a supportive market backdrop for QQQ. Exchange-Traded Funds Higher as US Equities Advance After Midday
• Positive Sentiment: QQQ added to its Apple and NVIDIA positions on Nov. 4, increasing exposure to two major index constituents, though the fund’s purchases are not a separate earnings catalyst. INVESCO QQQ (QQQ) Adds Apple and NVIDIA on Nov. 4
• Neutral Sentiment: October job growth exceeded expectations. A resilient economy may support company demand, but it could also keep interest rates higher, a potential headwind for growth-stock valuations. Exchange-Traded Funds Higher, Equity Futures Mixed as US October Jobs Rise More than Expected
• Negative Sentiment: Recent selling in AI and semiconductor stocks remains a risk for QQQ, given the index’s substantial technology exposure. QQQ and SMH sink as chip stocks have worst day since 2020
• Negative Sentiment: Ongoing concerns about AI-sector volatility and broader market headwinds could make the rebound fragile. Q4 QQQ Roadmap: Navigating AI Turbulence & Market Headwinds

Invesco QQQ Stock Up 1.4%

NASDAQ QQQ traded up $9.05 on Friday, hitting $656.10. 70,404,673 shares of the stock were exchanged, compared to its average volume of 40,681,568. The stock has a fifty day moving average price of $720.97 and a two-hundred day moving average price of $680.33. Invesco QQQ has a 52-week low of $555.60 and a 52-week high of $762.86.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Monday, September 21st were issued a $0.7514 dividend. This is a drop from Invesco QQQ's previous quarterly dividend of $0.8135. The ex-dividend date was Monday, September 21st. This represents a $3.01 annualized dividend and a dividend yield of 0.5%.

About Invesco QQQ

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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