Invesco QQQ $QQQ Shares Purchased by Verus Capital Partners LLC

Key Points

• Verus Capital Partners increased its Invesco QQQ stake by 6.7% in the third quarter, buying 1,712 shares to hold 27,197 shares valued at about $20.12 million.
• Other institutional investors also adjusted their holdings, and hedge funds and institutions collectively owned 44.58% of QQQ.
• QQQ recently benefited from a recovery in technology stocks, but AI and semiconductor volatility and potential higher interest rates remain risks; its quarterly dividend fell to $0.7514 per share from $0.8135.

Verus Capital Partners LLC raised its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 6.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,197 shares of the exchange traded fund's stock after purchasing an additional 1,712 shares during the quarter. Invesco QQQ accounts for about 1.1% of Verus Capital Partners LLC's portfolio, making the stock its 14th biggest position. Verus Capital Partners LLC's holdings in Invesco QQQ were worth $20,120,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Envestnet Asset Management Inc. boosted its position in shares of Invesco QQQ by 1.0% during the second quarter. Envestnet Asset Management Inc. now owns 3,038,610 shares of the exchange traded fund's stock valued at $2,237,606,000 after buying an additional 30,083 shares during the last quarter. Analyst IMS Investment Management Services Ltd. raised its position in Invesco QQQ by 0.3% in the 2nd quarter. Analyst IMS Investment Management Services Ltd. now owns 1,787,559 shares of the exchange traded fund's stock valued at $1,316,358,000 after buying an additional 4,751 shares during the last quarter. HighTower Advisors LLC raised its position in Invesco QQQ by 3.1% in the 2nd quarter. HighTower Advisors LLC now owns 1,230,679 shares of the exchange traded fund's stock valued at $906,272,000 after buying an additional 36,923 shares during the last quarter. Kestra Advisory Services LLC raised its position in Invesco QQQ by 10.5% in the 3rd quarter. Kestra Advisory Services LLC now owns 880,835 shares of the exchange traded fund's stock valued at $651,615,000 after buying an additional 83,394 shares during the last quarter. Finally, GoalVest Advisory LLC raised its position in Invesco QQQ by 20,256.6% in the 3rd quarter. GoalVest Advisory LLC now owns 613,955 shares of the exchange traded fund's stock valued at $454,185,000 after buying an additional 610,939 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ News Roundup

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 Stock Performance

Shares of NASDAQ:QQQ opened at $656.10 on Friday. The stock's fifty day simple moving average is $720.97 and its two-hundred 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 company 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. The ex-dividend date of this dividend was Monday, September 21st. This is a decrease from Invesco QQQ's previous quarterly dividend of $0.8135. This represents a $3.01 dividend on an annualized basis and a dividend yield of 0.5%.

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.

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.