Capital Investment Advisors LLC Purchases 1,735 Shares of Invesco QQQ $QQQ

Key Points

• Capital Investment Advisors increased its Invesco QQQ position by 6.3% in the third quarter, adding 1,735 shares for a total of 29,397 shares valued at approximately $21.7 million.
• Other institutional investors also expanded their QQQ holdings, while hedge funds and institutions collectively owned 44.58% of the ETF.
• QQQ opened at $704.40, below its 50-day moving average, amid mixed technology-sector sentiment. Its quarterly dividend was reduced to $0.7514 per share, equivalent to an annualized yield of about 0.4%.

Capital Investment Advisors LLC raised its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 6.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,397 shares of the exchange traded fund's stock after acquiring an additional 1,735 shares during the quarter. Capital Investment Advisors LLC's holdings in Invesco QQQ were worth $21,747,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in QQQ. GoalVest Advisory LLC boosted its stake in shares of 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 acquiring an additional 610,939 shares during the last quarter. Corient Private Wealth LP raised its stake in Invesco QQQ by 506.8% in the 2nd quarter. Corient Private Wealth LP now owns 545,270 shares of the exchange traded fund's stock valued at $401,553,000 after purchasing an additional 455,412 shares during the last quarter. Alaska Permanent Fund Corp acquired a new position in Invesco QQQ in the 2nd quarter valued at $207,072,000. Senator Investment Group LP acquired a new position in Invesco QQQ in the 2nd quarter valued at $157,221,000. Finally, Ascentis Wealth Management LLC lifted its holdings in Invesco QQQ by 74,117.2% in the 2nd quarter. Ascentis Wealth Management LLC now owns 194,449 shares of the exchange traded fund's stock valued at $143,192,000 after purchasing an additional 194,187 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Key Invesco QQQ News

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

• Positive Sentiment: Technology stocks had recently led a Nasdaq rebound, supporting QQQ as investors continued to favor major growth companies and AI-related leaders. Technology Stocks Pop, Lead Nasdaq Higher
• Positive Sentiment: QQQ was described as inching higher during Friday’s session, suggesting some dip-buying and stabilization after recent technology-sector volatility. Here’s Why the Invesco QQQ Trust ETF Is Inching Higher Today, October 23
• Neutral Sentiment: The launch of Tuttle Capital’s QQDH, an actively managed ETF using Nasdaq-100 exposure and options strategies, increases the range of competing Nasdaq-focused products but does not directly change QQQ’s holdings or fundamentals. Tuttle Capital Launches QQDH
• Neutral Sentiment: Invesco’s new international-innovator ETF, QQI, may broaden the company’s product lineup, though its higher costs and lower liquidity make it more of a complementary product than a direct replacement for QQQ. Invesco Launches QQI
• Negative Sentiment: Pre-market weakness in equity ETFs and renewed worries that massive AI capital expenditures may not generate adequate returns pressured growth-oriented funds such as QQQ. ETFs and Futures Lower Amid AI Spending Concerns
• Negative Sentiment: A recent technology sell-off and rotation into defensive stocks highlighted investor caution toward elevated technology valuations. Higher interest rates and credit-market concerns also remain headwinds for QQQ’s long-duration growth holdings. Tech Sell-Off Leads to Defensive Stocks

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $704.40 on Friday. Invesco QQQ has a fifty-two week low of $555.60 and a fifty-two week high of $762.86. The stock's fifty day moving average is $725.57 and its two-hundred day moving average is $708.07.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Monday, September 21st were given a $0.7514 dividend. This represents a $3.01 dividend on an annualized basis and a dividend yield of 0.4%. This is a negative change from Invesco QQQ's previous quarterly dividend of $0.8135. The ex-dividend date was Monday, September 21st.

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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