Invesco QQQ $QQQ Stock Acquired by Prime Capital Investment Advisors LLC

Key Points

• Prime Capital Investment Advisors increased its QQQ holdings by 0.9% in the third quarter, adding 1,746 shares for a total of 202,122 shares valued at approximately $149.5 million.
• Other institutional investors also raised their positions, and institutions and hedge funds now own 44.58% of QQQ, indicating substantial institutional participation.
• QQQ opened at $717.63, below its 50-day moving average of $726.62, while its quarterly dividend was reduced to $0.7514 per share, representing a 0.4% annualized yield.

Prime Capital Investment Advisors LLC grew its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 0.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 202,122 shares of the exchange traded fund's stock after purchasing an additional 1,746 shares during the period. Invesco QQQ makes up about 1.5% of Prime Capital Investment Advisors LLC's portfolio, making the stock its 13th biggest position. Prime Capital Investment Advisors LLC's holdings in Invesco QQQ were worth $149,524,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in QQQ. Envestnet Asset Management Inc. increased its holdings 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 worth $2,237,606,000 after buying an additional 30,083 shares in the last quarter. Analyst IMS Investment Management Services Ltd. raised its position in shares of Invesco QQQ by 0.3% during the second quarter. Analyst IMS Investment Management Services Ltd. now owns 1,787,559 shares of the exchange traded fund's stock worth $1,316,358,000 after acquiring an additional 4,751 shares during the last quarter. HighTower Advisors LLC raised its holdings in Invesco QQQ by 3.1% during the 2nd quarter. HighTower Advisors LLC now owns 1,230,679 shares of the exchange traded fund's stock worth $906,272,000 after purchasing an additional 36,923 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in Invesco QQQ by 1.1% during the first quarter. Janney Montgomery Scott LLC now owns 850,685 shares of the exchange traded fund's stock worth $490,998,000 after buying an additional 9,542 shares during the last quarter. Finally, GoalVest Advisory LLC raised its position in shares of 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 worth $454,185,000 after acquiring an additional 610,939 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Invesco QQQ

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

• Positive Sentiment: Broad-market ETFs advanced after midday, suggesting improving risk appetite that could provide support for QQQ and its large-cap growth holdings. Exchange-Traded Funds Gain as US Equities Advance After Midday
• Positive Sentiment: Investors continued buying technology stocks on weakness, indicating that dip buyers remain active despite the recent volatility in the Nasdaq-100. Tech Investors Bought The Dips
• Positive Sentiment: Invesco QQQ recently added NVIDIA and Apple, reinforcing exposure to two major technology leaders that can benefit if AI investment and growth-stock demand remain strong. Invesco QQQ Adds NVIDIA and Apple on Oct. 15
• Positive Sentiment: QQQ attracted approximately $1.66 billion in inflows, highlighting continued investor demand for Nasdaq-100 exposure despite concerns about fees and valuation. QQQ Pulled In $1.66 Billion
• Neutral Sentiment: Elevated inflation and faster growth expectations are creating uncertainty over future interest-rate policy. Higher rates could pressure growth-stock valuations, although stronger economic activity may support earnings. GDP Nowcasts Point To Faster Growth As Inflation Risks Mount
• Negative Sentiment: Several market commentaries warned that AI enthusiasm, high valuations and weakening credit conditions could produce a broader technology selloff. These concerns are particularly relevant to QQQ because of its heavy exposure to AI-linked mega-cap stocks. The S&P 500 Mirage
• Negative Sentiment: Recent weakness in technology and fears that the AI boom could end like previous market bubbles are weighing on investor confidence and limiting upside for QQQ today. All Booms End In A Bust - The AI Boom Is Likely No Different

Invesco QQQ Price Performance

Shares of QQQ opened at $717.63 on Wednesday. Invesco QQQ has a 52-week low of $555.60 and a 52-week high of $762.86. The business's 50 day moving average price is $726.62 and its two-hundred day moving average price is $706.27.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Monday, September 21st were given a $0.7514 dividend. This represents a $3.01 annualized dividend and a yield of 0.4%. 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.

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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