Invesco QQQ $QQQ Stock Bought by Brindle & Bay Financial Advisors LLC

Key Points

• Brindle & Bay Financial Advisors increased its QQQ stake by 21.5% in the third quarter, bringing its holdings to 38,172 shares valued at approximately $28.2 million. QQQ now represents about 9.9% of the firm’s portfolio.
• QQQ has a concentrated technology and growth profile because its Nasdaq-100 rules exclude financial companies. While strong technology earnings and renewed risk appetite could support a rally, inflation concerns, elevated valuations, weak breadth, and semiconductor weakness pose risks.
• QQQ opened at $728, near its 50-day moving average and below its 52-week high of $762.86. Its latest quarterly dividend fell to $0.7514 per share from $0.8135, producing an annualized yield of about 0.4%.

Brindle & Bay Financial Advisors LLC lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 21.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 38,172 shares of the exchange traded fund's stock after acquiring an additional 6,750 shares during the quarter. Invesco QQQ makes up about 9.9% of Brindle & Bay Financial Advisors LLC's portfolio, making the stock its biggest holding. Brindle & Bay Financial Advisors LLC's holdings in Invesco QQQ were worth $28,238,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in QQQ. WealthPLAN Partners LLC lifted its position in Invesco QQQ by 1.1% during the third quarter. WealthPLAN Partners LLC now owns 19,847 shares of the exchange traded fund's stock worth $14,682,000 after acquiring an additional 207 shares during the last quarter. RDA Financial Network boosted its stake in shares of Invesco QQQ by 3.5% in the 3rd quarter. RDA Financial Network now owns 18,422 shares of the exchange traded fund's stock valued at $13,628,000 after purchasing an additional 627 shares in the last quarter. WealthPlan Investment Management LLC grew its holdings in shares of Invesco QQQ by 13.8% during the 3rd quarter. WealthPlan Investment Management LLC now owns 4,773 shares of the exchange traded fund's stock valued at $3,531,000 after purchasing an additional 579 shares during the last quarter. Nvwm LLC grew its holdings in shares of Invesco QQQ by 26.3% during the 3rd quarter. Nvwm LLC now owns 2,005 shares of the exchange traded fund's stock valued at $1,483,000 after purchasing an additional 417 shares during the last quarter. Finally, KG Capital Management grew its stake in Invesco QQQ by 5.7% during the third quarter. KG Capital Management now owns 3,207 shares of the exchange traded fund's stock worth $2,372,000 after purchasing an additional 172 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ News Roundup

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

• Positive Sentiment: Some market strategists believe the recent washout could clear excesses and set the stage for a year-end rally, potentially benefiting QQQ if risk appetite returns. Earnings strength across major technology companies is another potential catalyst. Why This Market Washout Will Spark a Year-End Rally
• Neutral Sentiment: QQQ’s rules exclude financial companies and limit the fund’s exposure to banks, Berkshire Hathaway, Visa, and some other major businesses. That creates a concentrated technology and growth profile: it can outperform during technology-led rallies but lag when financial stocks lead. Invesco QQQ Does Not Own a Single Bank
• Neutral Sentiment: Investors are also comparing QQQ with buffered ETFs that use options to provide downside protection while capping upside. Such products may attract defensive capital, although they do not directly change QQQ’s holdings or fundamentals. 3 ETFs Built to Protect Your Money if the Bull Market Breaks
• Negative Sentiment: September CPI was reported at 3.7%, with core inflation and services prices described as accelerating. This has increased expectations for a potential Federal Reserve rate hike, lifting bond yields and reducing the appeal of long-duration technology stocks. Hot September CPI: Why an October Fed Rate Hike Is Now in Play
• Negative Sentiment: QQQ’s failed breakout, weak market breadth, stretched valuations, and signs of semiconductor weakness are encouraging investors to rotate toward utilities, consumer staples, and energy. A sharp overnight decline in Japan’s Nikkei added to the day’s risk-off pressure. Failed Breakout in Tech? 3 Sectors Leading the Market Rotation

Invesco QQQ Trading Down 0.1%

Shares of QQQ stock opened at $728.00 on Friday. The stock has a 50 day simple moving average of $726.95 and a two-hundred day simple moving average of $703.27. Invesco QQQ has a fifty-two week low of $555.60 and a fifty-two week high of $762.86.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Monday, September 21st were issued a dividend of $0.7514 per share. This represents a $3.01 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, September 21st. This is a negative change 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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