Griffith & Werner Inc. Acquires New Position in Invesco QQQ $QQQ

Key Points

• Griffith & Werner acquired a new QQQ position in the third quarter, buying 1,591 shares valued at approximately $1.18 million. Other institutional investors also adjusted or increased their holdings, and institutions collectively own 44.58% of the fund.
• QQQ’s quarterly dividend fell to $0.7514 per share from $0.8135 previously, equivalent to an annualized $3.01 and a 0.5% yield.
• Technology-stock recoveries have recently supported QQQ, but its exposure to technology and AI stocks leaves it vulnerable to sector volatility; resilient jobs data could also keep interest rates elevated and weigh on growth-stock valuations.

Griffith & Werner Inc. acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,591 shares of the exchange traded fund's stock, valued at approximately $1,177,000.

A number of other hedge funds have also recently bought and sold shares of QQQ. Burton Enright Welch grew its holdings in Invesco QQQ by 316.9% in the 3rd quarter. Burton Enright Welch now owns 2,518 shares of the exchange traded fund's stock valued at $1,863,000 after buying an additional 1,914 shares during the period. Journey Beyond Wealth LLC acquired a new position in shares of Invesco QQQ during the 3rd quarter valued at about $213,000. RHL Group LLC increased its stake in shares of Invesco QQQ by 202.7% during the 3rd quarter. RHL Group LLC now owns 14,361 shares of the exchange traded fund's stock valued at $10,624,000 after acquiring an additional 9,616 shares during the last quarter. Avion Wealth increased its stake in shares of Invesco QQQ by 3.3% during the 3rd quarter. Avion Wealth now owns 773 shares of the exchange traded fund's stock valued at $571,000 after acquiring an additional 25 shares during the last quarter. Finally, Platt Wealth Management LLC lifted its holdings in shares of Invesco QQQ by 29.1% during the 3rd quarter. Platt Wealth Management LLC now owns 484 shares of the exchange traded fund's stock worth $358,000 after acquiring an additional 109 shares during the period. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $656.10 on Monday. The firm's 50-day simple moving average is $720.97 and its 200-day simple moving average is $680.33. Invesco QQQ has a 1-year low of $555.60 and a 1-year 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 dividend of $0.7514 per share. This represents a $3.01 annualized dividend and a yield of 0.5%. This is a negative change from Invesco QQQ's previous quarterly dividend of $0.8135. The ex-dividend date of this dividend was Monday, September 21st.

Key Headlines Impacting Invesco QQQ

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

• Positive Sentiment: QQQ rose as several technology stocks recovered, helping lift the Nasdaq-100. Why Is Invesco QQQ Trust Rising Today, Nov. 6?
• Positive Sentiment: Broad U.S. equity ETFs advanced after midday, providing a supportive market backdrop for QQQ. Exchange-Traded Funds Higher as US Equities Advance After Midday
• Positive Sentiment: QQQ added to its Apple and NVIDIA positions on Nov. 4, increasing exposure to two major index constituents, though the fund’s purchases are not a separate earnings catalyst. INVESCO QQQ (QQQ) Adds Apple and NVIDIA on Nov. 4
• Neutral Sentiment: October job growth exceeded expectations. A resilient economy may support company demand, but it could also keep interest rates higher, a potential headwind for growth-stock valuations. Exchange-Traded Funds Higher, Equity Futures Mixed as US October Jobs Rise More than Expected
• Negative Sentiment: Recent selling in AI and semiconductor stocks remains a risk for QQQ, given the index’s substantial technology exposure. QQQ and SMH sink as chip stocks have worst day since 2020
• Negative Sentiment: Ongoing concerns about AI-sector volatility and broader market headwinds could make the rebound fragile. Q4 QQQ Roadmap: Navigating AI Turbulence & Market Headwinds

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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