Invesco QQQ $QQQ Shares Purchased by Riverbend Wealth Management LLC

Key Points

• Riverbend Wealth Management increased its Invesco QQQ stake by 15% in the third quarter, adding 1,431 shares to reach 10,992 shares valued at approximately $8.13 million. QQQ now represents about 3.6% of the firm’s portfolio.
• QQQ shares fell 2.5% to $709.80, although the fund remains above its 200-day moving average and near the upper half of its 52-week range.
• Invesco QQQ’s quarterly dividend declined to $0.7514 per share, equating to an annualized payout of $3.01 and a yield of roughly 0.4%; institutional investors own 44.58% of the fund.

Riverbend Wealth Management LLC lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 15.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,992 shares of the exchange traded fund's stock after purchasing an additional 1,431 shares during the period. Invesco QQQ comprises approximately 3.6% of Riverbend Wealth Management LLC's investment portfolio, making the stock its 3rd largest holding. Riverbend Wealth Management LLC's holdings in Invesco QQQ were worth $8,131,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in QQQ. High Point Wealth Management LLC increased its holdings in Invesco QQQ by 68.0% during the second quarter. High Point Wealth Management LLC now owns 42 shares of the exchange traded fund's stock worth $31,000 after buying an additional 17 shares during the last quarter. Parvin Asset Management LLC purchased a new position in Invesco QQQ in the first quarter valued at about $28,000. Financial Management Professionals Inc. boosted its stake in 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 acquiring an additional 25 shares during the last quarter. Bullseye Investment Management LLC bought a new position in shares of Invesco QQQ during the 2nd quarter valued at approximately $44,000. Finally, Wealth Preservation Advisors LLC bought a new position in shares of Invesco QQQ during the 4th quarter valued at approximately $50,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 2.5%

Shares of QQQ stock traded down $18.20 during trading hours on Friday, hitting $709.80. 66,648,057 shares of the company were exchanged, compared to its average volume of 35,061,504. The firm has a fifty day simple moving average of $726.69 and a 200 day simple moving average of $703.31. Invesco QQQ has a 52-week low of $555.60 and a 52-week high of $762.86.

Invesco QQQ Cuts Dividend

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

Trending Headlines about Invesco QQQ

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

• Positive Sentiment: Some analysts argue that the recent market washout could set the stage for a year-end rally, while a recession is not yet viewed as the base case. This provides a potential recovery catalyst for QQQ’s growth-oriented holdings. Why This Market Washout Will Spark a Year-End Rally
• Positive Sentiment: September inflation was elevated, but commentary continues to suggest that an October Federal Reserve rate hike is unlikely. Avoiding an immediate rate increase could support valuations for technology shares. September CPI: Sticky Inflation, But An October Hike Remains Unlikely
• Neutral Sentiment: QQQ reportedly sold NVIDIA and Apple shares on October 14. The transactions may reflect routine index rebalancing or portfolio-weight changes, but they highlight the fund’s sensitivity to movements in its largest technology holdings. Invesco QQQ Trust Sells NVIDIA and Apple
• Neutral Sentiment: QQQ excludes banks and other financial companies because the Nasdaq-100 prohibits financial firms. That creates concentrated exposure to technology and communications stocks, rather than providing broad-sector diversification. Invesco QQQ Doesn't Own a Single Bank
• Negative Sentiment: U.S. equities and exchange-traded funds weakened during the session, following a sharp overseas selloff. Because QQQ tracks large Nasdaq-listed companies, broad risk reduction is directly pressuring the fund. Exchange-Traded Funds Drop as US Equities Fall
• Negative Sentiment: Investor concerns include a potential liquidity drain, rising Treasury yields, midterm-election volatility, and an AI-related credit squeeze. These factors can weigh disproportionately on QQQ’s high-valuation growth holdings. A Massive Liquidity Drain Is About To Hit The Market
• Negative Sentiment: Analysts are warning that AI enthusiasm may represent several bubbles vulnerable to bursting. A correction in AI leaders such as NVIDIA could have an outsized impact on QQQ. AI Bubble: Three Bubbles Ready to Burst
• Negative Sentiment: QQQ’s failed breakout, weak market breadth, and rotation into utilities, consumer staples, and energy suggest that investors are moving away from growth and technology stocks. Failed Breakout in Tech

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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