Gradient Investments LLC Acquires 2,149 Shares of Invesco QQQ $QQQ

Key Points

• Gradient Investments increased its Invesco QQQ position by 11.7% in the third quarter, adding 2,149 shares and bringing its holdings to 20,470 shares valued at approximately $15.1 million.
• QQQ shares opened at $747.58, near their 52-week high of $762.86, while institutional investors and hedge funds held 44.58% of the fund.
• Invesco QQQ’s quarterly dividend fell to $0.7514 per share from $0.8135, equating to an annualized payout of about $3.01 and a 0.4% yield; technology momentum remains supportive, but higher rates, elevated valuations, and AI-spending concerns pose risks.

Gradient Investments LLC grew its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 11.7% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 20,470 shares of the exchange traded fund's stock after buying an additional 2,149 shares during the period. Gradient Investments LLC's holdings in Invesco QQQ were worth $15,143,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Veracity Capital LLC lifted its position in Invesco QQQ by 4.0% during the 3rd quarter. Veracity Capital LLC now owns 2,493 shares of the exchange traded fund's stock worth $1,845,000 after acquiring an additional 95 shares during the period. Plan A Wealth LLC acquired a new position in shares of Invesco QQQ in the third quarter valued at approximately $625,000. Tactive Advisors LLC raised its stake in shares of Invesco QQQ by 1.9% during the third quarter. Tactive Advisors LLC now owns 7,135 shares of the exchange traded fund's stock worth $5,278,000 after purchasing an additional 134 shares during the last quarter. Peterson Wealth Advisors LLC purchased a new stake in shares of Invesco QQQ during the third quarter worth approximately $206,000. Finally, Whalen Wealth Management Inc. acquired a new stake in shares of Invesco QQQ during the third quarter worth $387,000. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Down 1.3%

Shares of NASDAQ QQQ opened at $747.58 on Friday. The stock has a fifty day moving average price of $723.87 and a 200 day moving average price of $697.62. Invesco QQQ has a 1-year low of $555.60 and a 1-year high of $762.86.

Invesco QQQ Cuts Dividend

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

Key Headlines Impacting Invesco QQQ

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

• Positive Sentiment: Nasdaq momentum and continued AI enthusiasm remain supportive longer term. The Nasdaq reached record highs, keeping technology and semiconductor ETFs in focus despite elevated Treasury yields. ETFs to Benefit as Nasdaq's Breakthrough Still Matters
• Positive Sentiment: Institutional buying provided a modest confidence signal. Winebrenner Capital Management increased its QQQ position by 25.9%, adding 738 shares during the reported quarter. Winebrenner Capital Management Buys QQQ Shares
• Neutral Sentiment: Investors are debating whether elevated valuations and the AI investment boom can continue. Concerns about financing constraints potentially slowing AI capital spending could increase volatility in QQQ’s largest technology holdings. The AI Capex Wall
• Negative Sentiment: QQQ faced pressure from a broader equity pullback, with exchange-traded funds and equity futures moving lower as oil prices rose following renewed uncertainty over a potential U.S.-Iran agreement. ETFs and Equity Futures Down as Oil Prices Rise
• Negative Sentiment: Federal Reserve minutes were interpreted as signaling a willingness to maintain or pursue tighter policy amid mixed inflation data. Higher-for-longer rates typically weigh on high-growth technology valuations. Fed Minutes Signal More Tightening
• Negative Sentiment: A separate article highlighted fee-driven switching from QQQ to Invesco’s lower-cost Nasdaq-100 alternative, which holds the same portfolio. While the issue is structural rather than an immediate earnings risk, persistent reallocations could modestly reduce demand for QQQ among long-term investors. Investors Switching From QQQ to a Lower-Fee Alternative

Invesco QQQ Company 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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