Denver PWM LLC Purchases 3,073 Shares of Invesco QQQ $QQQ

Key Points

• Denver PWM LLC acquired 3,073 shares of Invesco QQQ during the third quarter, valued at approximately $2.27 million. Institutional investors collectively own 44.58% of QQQ.
• QQQ shares opened at $704.40, compared with a 50-day moving average of $725.57 and a 200-day average of $708.07; the ETF’s 12-month trading range is $555.60 to $762.86.
• Invesco QQQ’s quarterly dividend fell to $0.7514 from $0.8135, representing an annualized payout of $3.01 and a 0.4% yield. Technology-sector strength has supported QQQ, while AI-spending concerns, elevated valuations, interest rates and defensive rotation remain headwinds.

Denver PWM LLC purchased a new position in Invesco QQQ (NASDAQ:QQQ - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,073 shares of the exchange traded fund's stock, valued at approximately $2,273,000.

A number of other hedge funds also recently bought and sold shares of QQQ. GoalVest Advisory LLC grew its stake in shares of Invesco QQQ by 20,256.6% in the 3rd 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 in the last quarter. Corient Private Wealth LP increased its holdings in shares of 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 worth $401,553,000 after buying an additional 455,412 shares during the last quarter. Alaska Permanent Fund Corp bought a new stake in shares of Invesco QQQ in the 2nd quarter worth about $207,072,000. Senator Investment Group LP bought a new stake in shares of Invesco QQQ in the 2nd quarter worth about $157,221,000. Finally, Ascentis Wealth Management LLC increased its holdings in shares of 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 worth $143,192,000 after buying an additional 194,187 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of NASDAQ QQQ opened at $704.40 on Friday. The firm's 50-day moving average price is $725.57 and its 200-day moving average price is $708.07. Invesco QQQ has a 12-month low of $555.60 and a 12-month 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 given a $0.7514 dividend. This is a decrease 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 was Monday, September 21st.

Key Stories Impacting Invesco QQQ

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 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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