Cooper Financial Group Increases Stock Holdings in Invesco QQQ $QQQ

Key Points

• Cooper Financial Group increased its Invesco QQQ stake by 2.6% in the third quarter, adding 2,044 shares to hold 81,366 shares valued at approximately $60.2 million. QQQ now represents 4.8% of the firm’s portfolio and is its second-largest position.
• QQQ shares recently fell 0.3% to $757.73, near the ETF’s 52-week high of $762.86, while institutional investors own 44.58% of the fund.
• Invesco QQQ’s quarterly dividend was reduced to $0.7514 from $0.8135, producing an annualized yield of about 0.4%. Strong technology and AI momentum support the ETF, but elevated valuations, interest-rate uncertainty, and concerns about an AI bubble pose risks.

Cooper Financial Group grew its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 2.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 81,366 shares of the exchange traded fund's stock after acquiring an additional 2,044 shares during the quarter. Invesco QQQ comprises about 4.8% of Cooper Financial Group's portfolio, making the stock its 2nd biggest position. Cooper Financial Group's holdings in Invesco QQQ were worth $60,192,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Flatrock Wealth Partners LLC purchased a new position in shares of Invesco QQQ in the 1st quarter worth approximately $924,000. Hegarty Advisors LLC acquired a new stake in Invesco QQQ in the first quarter valued at approximately $2,212,000. Ascension Capital Advisors Inc. grew its holdings in Invesco QQQ by 643.8% in the first quarter. Ascension Capital Advisors Inc. now owns 3,094 shares of the exchange traded fund's stock worth $1,786,000 after purchasing an additional 2,678 shares during the last quarter. Financial Insights Inc. increased its position in shares of Invesco QQQ by 6.8% during the second quarter. Financial Insights Inc. now owns 29,790 shares of the exchange traded fund's stock worth $21,938,000 after purchasing an additional 1,901 shares in the last quarter. Finally, First Bancorp Inc ME purchased a new stake in shares of Invesco QQQ during the 2nd quarter valued at $677,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Down 0.3%

Shares of Invesco QQQ stock traded down $1.93 during trading on Wednesday, reaching $757.73. The company's stock had a trading volume of 25,325,128 shares, compared to its average volume of 48,244,180. Invesco QQQ has a 1-year low of $555.60 and a 1-year high of $762.86. The company has a 50-day simple moving average of $722.59 and a two-hundred day simple moving average of $696.46.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Monday, September 21st will be issued a $0.7514 dividend. This is a drop from Invesco QQQ's previous quarterly dividend of $0.8135. This represents a $3.01 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Monday, September 21st.

Key Stories Impacting Invesco QQQ

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

• Positive Sentiment: QQQ’s long-term momentum remains strong: the ETF is up more than 23% year to date and has significantly outperformed ARKK over the past five years. The gains reflect continued investor demand for profitable, large-cap technology and growth companies. Invesco QQQ Trust ETF Is Up 23 Percent Year to Date
• Positive Sentiment: A recent rally in technology stocks helped support QQQ, reinforcing the ETF’s exposure to the market’s strongest-performing sector. Optimism about technology earnings and AI-related growth continues to underpin demand. Markets Take Off As Tech Stocks Rally
• Neutral Sentiment: Economic commentary remains mixed. A weak September employment report could increase expectations for easier Federal Reserve policy, while other analysis suggests a U.S. recession is not imminent. The resulting uncertainty may keep QQQ volatile. September Employment Report
• Negative Sentiment: Broad-market ETFs and equity futures moved lower as traders awaited the Fed minutes. Any indication that rates may remain higher for longer could pressure QQQ’s high-growth holdings by reducing the value investors place on future earnings. ETFs and Equity Futures Down Before Fed Minutes
• Negative Sentiment: U.S. equities extended their decline after midday, signaling broad risk reduction rather than a QQQ-specific development. Exchange-Traded Funds Lower as U.S. Equities Decline
• Negative Sentiment: Commentary questioning whether an AI bubble is forming, along with warnings that Nasdaq valuations and market concentration have become stretched, creates a near-term risk of profit-taking in QQQ’s technology-heavy portfolio. Wall Street Breakfast Podcast: Pop Goes the AI Bubble

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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