4,029 Shares of Invesco QQQ $QQQ Acquired by Wavvest Wealth LLC

Key Points

• Wavvest Wealth LLC acquired 4,029 shares of Invesco QQQ during the third quarter, valued at approximately $2.98 million and representing 2.3% of its portfolio.
• Institutional interest remains substantial, with hedge funds and other institutional investors owning 44.58% of QQQ; several firms significantly increased their positions or initiated new holdings.
• QQQ was trading at $704.47 after declining 2.9%, while its quarterly dividend fell to $0.7514 per share, equivalent to a 0.4% annualized yield.

Wavvest Wealth LLC acquired a new position in Invesco QQQ (NASDAQ:QQQ - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The firm acquired 4,029 shares of the exchange traded fund's stock, valued at approximately $2,981,000. Invesco QQQ accounts for 2.3% of Wavvest Wealth LLC's investment portfolio, making the stock its 12th biggest holding.

A number of other large investors also recently modified their holdings of the company. GoalVest Advisory LLC increased its position in Invesco QQQ by 20,256.6% during the 3rd quarter. GoalVest Advisory LLC now owns 613,955 shares of the exchange traded fund's stock worth $454,185,000 after purchasing an additional 610,939 shares in the last quarter. Corient Private Wealth LP raised its holdings in Invesco QQQ by 506.8% in the second quarter. Corient Private Wealth LP now owns 545,270 shares of the exchange traded fund's stock valued at $401,553,000 after buying an additional 455,412 shares during the period. Alaska Permanent Fund Corp acquired a new position in Invesco QQQ during the second quarter valued at approximately $207,072,000. Senator Investment Group LP acquired a new position in Invesco QQQ during the second quarter valued at approximately $157,221,000. Finally, Ascentis Wealth Management LLC lifted its position in Invesco QQQ by 74,117.2% during the second quarter. Ascentis Wealth Management LLC now owns 194,449 shares of the exchange traded fund's stock valued at $143,192,000 after buying an additional 194,187 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 2.9%

QQQ opened at $704.47 on Friday. Invesco QQQ has a 52-week low of $555.60 and a 52-week high of $762.86. The company has a 50 day moving average of $726.10 and a two-hundred day moving average of $708.10.

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 issued a dividend of $0.7514 per share. This represents a $3.01 annualized dividend 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.

Invesco QQQ News Roundup

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

• Positive Sentiment: QQQ remains a key vehicle for investors seeking exposure to leading technology and artificial-intelligence companies. A prior Nasdaq rally, led by technology stocks, shows that risk appetite can return quickly if earnings or rate expectations improve. Technology Stocks Pop, Lead Nasdaq Higher
• Neutral Sentiment: A fund-trading report said QQQ sold shares on October 20, with NVIDIA among the leading transactions. The activity may reflect routine portfolio rebalancing rather than a fundamental change in QQQ’s investment outlook. What INVESCO QQQ Trust Sold: NVIDIA Leads on Oct. 20
• Negative Sentiment: Broad U.S. equity ETFs, including IWM and IVV, moved lower after midday, reinforcing the market-wide risk-off tone affecting QQQ and other growth-oriented funds. Exchange-Traded Funds, US Equities Lower After Midday
• Negative Sentiment: Several market commentaries warned that credit-market stress, elevated Treasury yields and the Federal Reserve’s rate outlook could pressure high-growth valuations. Because QQQ is heavily weighted toward long-duration technology stocks, higher borrowing costs and discount rates are particularly unfavorable. Credit Markets Are Signaling Trouble Ahead in 2027
• Negative Sentiment: Concerns that the AI capital-spending boom may be slowing or producing weaker returns have increased the risk of a pullback in semiconductor and mega-cap technology shares, important components of QQQ. The AI Spending Boom May Have Just Taken a Turn for the Worse

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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