Invesco QQQ $QQQ Stock Acquired by HWG Holdings LP

Key Points

• HWG Holdings LP increased its Invesco QQQ position by 64.1% in the third quarter, acquiring 19,665 additional shares for a total of 50,342 shares valued at approximately $37.2 million.
• QQQ shares opened at $757.73, near their 52-week high of $762.86, while the Nasdaq-100 has gained more than 23% year to date, driven largely by major technology and artificial-intelligence companies.
• Invesco QQQ’s quarterly dividend fell to $0.7514 per share from $0.8135, producing an annualized yield of about 0.4%; elevated valuations, market concentration, interest-rate uncertainty, and AI-bubble concerns remain key risks.

HWG Holdings LP grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 64.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 50,342 shares of the exchange traded fund's stock after acquiring an additional 19,665 shares during the quarter. Invesco QQQ accounts for approximately 8.6% of HWG Holdings LP's holdings, making the stock its 2nd biggest holding. HWG Holdings LP's holdings in Invesco QQQ were worth $37,242,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. High Point Wealth Management LLC lifted its position in 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 purchasing an additional 17 shares during the last quarter. Parvin Asset Management LLC bought a new stake in shares of Invesco QQQ in the first quarter worth about $28,000. Islay Capital Management LLC purchased a new position in Invesco QQQ during the 4th quarter valued at about $32,000. Financial Management Professionals Inc. lifted its holdings in Invesco QQQ by 83.3% in the 2nd quarter. Financial Management Professionals Inc. now owns 55 shares of the exchange traded fund's stock worth $41,000 after buying an additional 25 shares during the period. Finally, Bullseye Investment Management LLC bought a new stake in shares of Invesco QQQ in the 2nd quarter worth approximately $44,000. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $757.73 on Thursday. The business has a 50 day moving average of $722.59 and a 200 day moving average of $696.46. 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 declared a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Monday, September 21st will be given a dividend of $0.7514 per share. This is a drop from Invesco QQQ's previous quarterly dividend of $0.8135. This represents a $3.01 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Monday, September 21st.

Key Stories Impacting Invesco QQQ

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

• Positive Sentiment: QQQ’s underlying Nasdaq-100 remains a strong performer, having gained more than 23% year to date. The fund has benefited from continued leadership by major technology and artificial-intelligence companies, as well as a broader technology-stock rally earlier in the week. Invesco QQQ Trust ETF Is Up 23% YTD: What’s Driving It Higher
• Positive Sentiment: Economic commentary suggesting that a U.S. recession is not imminent could support corporate earnings and risk appetite, benefiting the growth-oriented companies that dominate QQQ. A U.S. Recession Still Isn’t Imminent
• Neutral Sentiment: QQQ’s five-year outperformance versus ARKK highlights the Nasdaq-100’s relative strength, although the comparison also underscores how heavily returns have depended on a small group of large technology companies. Cathie Wood Responds to QQQ and ARKK Performance Comparison
• Negative Sentiment: Broad-market ETFs and equity futures moved lower as traders awaited the Fed’s meeting minutes. Any indication that policymakers intend to keep rates elevated could pressure QQQ’s long-duration growth and technology holdings. Exchange-Traded Funds and Equity Futures Down Pre-Bell
• Negative Sentiment: The Nasdaq’s record levels, market concentration, and concerns about a potential artificial-intelligence bubble have increased valuation and profit-taking risks for QQQ’s heavily weighted technology holdings. Exchange-Traded Funds Lower as U.S. Equities Decline
• Negative Sentiment: Weak September employment data and uncertainty over inflation and monetary policy add to concerns about the economic backdrop, contributing to a more cautious tone for risk assets. Employment Report: 29K Jobs Added in September

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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