44,153 Shares in Invesco QQQ $QQQ Acquired by Sanders Morris Harris LLC

Key Points

• Sanders Morris Harris LLC acquired 44,153 shares of Invesco QQQ in the third quarter, valued at approximately $32.85 million and representing about 4.3% of its portfolio.
• Other wealth managers also increased their QQQ holdings, while institutional investors and hedge funds collectively own 44.58% of the ETF.
• QQQ shares opened at $728.95 after a 2% decline; the ETF recently reduced its quarterly dividend to $0.7514, equivalent to an annualized yield of about 0.4%. Its technology-heavy exposure remains vulnerable to higher interest rates, weaker market breadth, and concerns over elevated AI spending.

Sanders Morris Harris LLC bought a new stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 44,153 shares of the exchange traded fund's stock, valued at approximately $32,850,000. Invesco QQQ makes up about 4.3% of Sanders Morris Harris LLC's investment portfolio, making the stock its 4th biggest position.

Several other large investors have also recently made changes to their positions in the company. Lodestone Wealth Management LLC boosted its position in Invesco QQQ by 8.1% during the third quarter. Lodestone Wealth Management LLC now owns 1,099 shares of the exchange traded fund's stock worth $813,000 after purchasing an additional 82 shares in the last quarter. N10 Wealth LLC grew its holdings in Invesco QQQ by 57.8% in the third quarter. N10 Wealth LLC now owns 800 shares of the exchange traded fund's stock valued at $592,000 after purchasing an additional 293 shares during the period. ABLE Financial Group LLC grew its holdings in Invesco QQQ by 5.2% in the third quarter. ABLE Financial Group LLC now owns 1,488 shares of the exchange traded fund's stock valued at $1,101,000 after purchasing an additional 74 shares during the period. Aspen Wealth Management LLC increased its position in shares of Invesco QQQ by 91.8% in the third quarter. Aspen Wealth Management LLC now owns 2,820 shares of the exchange traded fund's stock valued at $2,087,000 after buying an additional 1,350 shares in the last quarter. Finally, Koa Wealth Management LLC increased its position in shares of Invesco QQQ by 3.1% in the third quarter. Koa Wealth Management LLC now owns 891 shares of the exchange traded fund's stock valued at $659,000 after buying an additional 27 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 2.0%

Shares of QQQ stock opened at $728.95 on Thursday. The stock has a 50 day simple moving average of $726.69 and a 200-day simple moving average of $702.10. 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 declared a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Monday, September 21st were issued a $0.7514 dividend. This represents a $3.01 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, September 21st. This is a drop 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:

• Neutral Sentiment: QQQ’s portfolio rules exclude all financial companies and require holdings to be listed on Nasdaq. That leaves the fund heavily tilted toward technology and communications stocks, while excluding banks and other financial firms that can benefit from higher interest rates. Invesco QQQ Doesn't Own a Single Bank, and That's Not the Only Thing the Nasdaq-100 Leaves Out
• Neutral Sentiment: Several articles highlight QQQ’s concentration in mega-cap technology and compare it with broader funds such as the S&P 500-focused VOO. The comparison underscores QQQ’s greater growth potential but also its greater sensitivity to valuation, interest rates, and technology-sector sentiment. QQQ vs VOO
• Negative Sentiment: September inflation readings were described as unexpectedly strong, raising concern that the Federal Reserve could hike rates as soon as October. Higher rates generally weigh on long-duration growth stocks because they reduce the present value of future earnings, creating a direct headwind for QQQ’s holdings. Hot September CPI: Why an October Fed Rate Hike Is Now In Play
• Negative Sentiment: Market breadth has weakened, semiconductor stocks have begun to roll over, and QQQ’s move above the $750 area was followed by a retreat below that level. The failed breakout suggests that buying leadership may be narrowing and increases the risk of a deeper pullback in richly valued technology stocks. Failed Breakout in Tech? 3 Sectors Leading the Market Rotation
• Negative Sentiment: Concerns that large artificial-intelligence infrastructure spending has become excessive are adding pressure to the fund. If tighter monetary policy limits technology companies’ ability to finance AI capital expenditures, expectations for future earnings growth could be reduced. AI CapEx Has a Fed Problem

Invesco QQQ 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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