Invesco QQQ $QQQ Shares Acquired by RHL Group LLC

Key Points

• RHL Group LLC increased its Invesco QQQ holdings by 202.7% in the third quarter, adding 9,616 shares to hold 14,361 shares worth about $10.6 million.
• QQQ represents approximately 7.1% of RHL Group’s portfolio and is its third-largest holding; institutional investors and hedge funds collectively own 44.58% of the fund.
• Invesco QQQ’s quarterly dividend fell to $0.7514 per share from $0.8135, for an annualized dividend of about $3.01 and a 0.5% yield.

RHL Group LLC boosted its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 202.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,361 shares of the exchange traded fund's stock after purchasing an additional 9,616 shares during the quarter. Invesco QQQ accounts for about 7.1% of RHL Group LLC's portfolio, making the stock its 3rd largest holding. RHL Group LLC's holdings in Invesco QQQ were worth $10,624,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of QQQ. Parvin Asset Management LLC bought a new position in shares of Invesco QQQ during the first quarter worth approximately $28,000. High Point Wealth Management LLC raised its position in shares of Invesco QQQ by 68.0% in the second quarter. High Point Wealth Management LLC now owns 42 shares of the exchange traded fund's stock valued at $31,000 after buying an additional 17 shares in the last quarter. Financial Management Professionals Inc. raised its position in shares of Invesco QQQ by 83.3% in the second quarter. Financial Management Professionals Inc. now owns 55 shares of the exchange traded fund's stock valued at $41,000 after buying an additional 25 shares in the last quarter. CrossGen Wealth LLC boosted its stake in shares of Invesco QQQ by 44.7% in the third quarter. CrossGen Wealth LLC now owns 55 shares of the exchange traded fund's stock valued at $41,000 after buying an additional 17 shares during the period. Finally, Bullseye Investment Management LLC bought a new stake in shares of Invesco QQQ in the second quarter valued at approximately $44,000. Institutional investors and hedge funds own 44.58% of the company's stock.

Trending Headlines about 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 Price Performance

Shares of NASDAQ:QQQ opened at $656.10 on Monday. Invesco QQQ has a 1 year low of $555.60 and a 1 year high of $762.86. The business's 50 day simple moving average is $720.97 and its 200 day simple moving average is $680.33.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Monday, September 21st were issued a $0.7514 dividend. The ex-dividend date of this dividend was Monday, September 21st. This represents a $3.01 annualized dividend and a yield of 0.5%. This is a drop from Invesco QQQ's previous quarterly dividend of $0.8135.

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.

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.