FSA Investment Group LLC Purchases 1,404 Shares of Invesco QQQ $QQQ

Key Points

• FSA Investment Group LLC bought 1,404 shares of Invesco QQQ in the third quarter, valued at approximately $1.04 million and representing 0.3% of its portfolio. Institutional investors and hedge funds collectively own 44.58% of QQQ.
• QQQ shares opened at $757.73, near their one-year high of $762.86, with 50-day and 200-day moving averages of $722.59 and $696.46, respectively.
• Invesco QQQ declared a quarterly dividend of $0.7514 per share, down from $0.8135 previously, equating to an annualized dividend of $3.01 and a 0.4% yield. The fund continues to benefit from strong Nasdaq-100 technology performance, though elevated valuations, market concentration, interest-rate uncertainty, and AI-bubble concerns pose risks.

FSA Investment Group LLC purchased a new position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,404 shares of the exchange traded fund's stock, valued at approximately $1,039,000. Invesco QQQ accounts for approximately 0.3% of FSA Investment Group LLC's investment portfolio, making the stock its 22nd biggest holding.

Several other hedge funds have also made changes to their positions in QQQ. Heartwood Wealth Advisors LLC increased its stake in shares of Invesco QQQ by 0.7% during the 3rd quarter. Heartwood Wealth Advisors LLC now owns 1,952 shares of the exchange traded fund's stock valued at $1,444,000 after acquiring an additional 14 shares during the last quarter. CAP Partners LLC boosted its position in shares of Invesco QQQ by 3.5% in the first quarter. CAP Partners LLC now owns 444 shares of the exchange traded fund's stock worth $256,000 after acquiring an additional 15 shares during the last quarter. Durante & Waters LLC grew its holdings in Invesco QQQ by 1.1% in the first quarter. Durante & Waters LLC now owns 1,425 shares of the exchange traded fund's stock valued at $822,000 after purchasing an additional 15 shares during the period. Roxbury Financial LLC grew its holdings in Invesco QQQ by 19.7% in the second quarter. Roxbury Financial LLC now owns 91 shares of the exchange traded fund's stock valued at $67,000 after purchasing an additional 15 shares during the period. Finally, GoalVest Advisory LLC increased its position in Invesco QQQ by 0.5% during the second quarter. GoalVest Advisory LLC now owns 3,016 shares of the exchange traded fund's stock worth $2,221,000 after purchasing an additional 15 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Down 0.3%

Shares of QQQ stock opened at $757.73 on Thursday. Invesco QQQ has a one year low of $555.60 and a one year high of $762.86. The company has a 50 day moving average price of $722.59 and a 200 day moving average price of $696.46.

Invesco QQQ Cuts Dividend

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

Key Stories Impacting Invesco QQQ

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

• Positive Sentiment: QQQ’s underlying Nasdaq-100 remains a strong performer, having gained more than 23% year to date. The fund has benefited from continued leadership by major technology and artificial-intelligence companies, as well as a broader technology-stock rally earlier in the week. Invesco QQQ Trust ETF Is Up 23% YTD: What’s Driving It Higher
• Positive Sentiment: Economic commentary suggesting that a U.S. recession is not imminent could support corporate earnings and risk appetite, benefiting the growth-oriented companies that dominate QQQ. A U.S. Recession Still Isn’t Imminent
• Neutral Sentiment: QQQ’s five-year outperformance versus ARKK highlights the Nasdaq-100’s relative strength, although the comparison also underscores how heavily returns have depended on a small group of large technology companies. Cathie Wood Responds to QQQ and ARKK Performance Comparison
• Negative Sentiment: Broad-market ETFs and equity futures moved lower as traders awaited the Fed’s meeting minutes. Any indication that policymakers intend to keep rates elevated could pressure QQQ’s long-duration growth and technology holdings. Exchange-Traded Funds and Equity Futures Down Pre-Bell
• Negative Sentiment: The Nasdaq’s record levels, market concentration, and concerns about a potential artificial-intelligence bubble have increased valuation and profit-taking risks for QQQ’s heavily weighted technology holdings. Exchange-Traded Funds Lower as U.S. Equities Decline
• Negative Sentiment: Weak September employment data and uncertainty over inflation and monetary policy add to concerns about the economic backdrop, contributing to a more cautious tone for risk assets. Employment Report: 29K Jobs Added in September

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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