Invesco QQQ $QQQ Stock Bought by Horizon Wealth Management LLC

Key Points

• Horizon Wealth Management increased its QQQ stake by 20.9% in the third quarter, adding 9,643 shares to reach 55,705 shares valued at about $41.2 million. QQQ represents 5.2% of its portfolio and is its third-largest holding.
• Other institutional investors also reported increases in their holdings; institutional investors and hedge funds collectively own 44.58% of QQQ.
• QQQ’s quarterly dividend fell to $0.7514 from $0.8135, equivalent to an annualized yield of about 0.5%. The article also noted pressure on the fund amid a technology and semiconductor selloff.

Horizon Wealth Management LLC lifted its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 20.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,705 shares of the exchange traded fund's stock after purchasing an additional 9,643 shares during the quarter. Invesco QQQ accounts for 5.2% of Horizon Wealth Management LLC's portfolio, making the stock its 3rd largest position. Horizon Wealth Management LLC's holdings in Invesco QQQ were worth $41,209,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Heartwood Wealth Advisors LLC raised its stake in Invesco QQQ by 0.7% during the 3rd quarter. Heartwood Wealth Advisors LLC now owns 1,952 shares of the exchange traded fund's stock worth $1,444,000 after buying an additional 14 shares during the period. Sherman Wealth Management LLC grew its stake in Invesco QQQ by 0.8% in the third quarter. Sherman Wealth Management LLC now owns 1,702 shares of the exchange traded fund's stock valued at $1,259,000 after acquiring an additional 14 shares during the period. Heritage Wealth Management Inc. grew its stake in Invesco QQQ by 1.1% in the third quarter. Heritage Wealth Management Inc. now owns 1,328 shares of the exchange traded fund's stock valued at $983,000 after acquiring an additional 14 shares during the period. Royal Harbor Partners LLC grew its stake in Invesco QQQ by 4.6% in the third quarter. Royal Harbor Partners LLC now owns 318 shares of the exchange traded fund's stock valued at $235,000 after acquiring an additional 14 shares during the period. Finally, CAP Partners LLC increased its holdings in shares of Invesco QQQ by 3.5% in the first quarter. CAP Partners LLC now owns 444 shares of the exchange traded fund's stock worth $256,000 after acquiring an additional 15 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

More Invesco QQQ News

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

• Neutral Sentiment: QQQ’s RSI was reported in oversold territory, but technical indicators still showed a strong-sell signal; oversold conditions alone do not confirm a rebound. QQQ key support and resistance levels to watch
• Negative Sentiment: QQQ saw approximately $80 billion in trading as technology shares sold off. The unusually high activity highlights intense investor repositioning and selling pressure. Invesco QQQ Trust sees record trading volume amid tech selloff
• Negative Sentiment: Semiconductor stocks experienced their worst session since 2020, dragging down QQQ and other tech-heavy funds as investors retreated from AI and growth shares. QQQ and SMH sink as chip stocks have worst day since 2020
• Negative Sentiment: AMD’s sharp drop added to pressure on chip-focused ETFs and broader index funds, including portfolios with overlapping semiconductor exposure. AMD's Double-Digit Drop Is Rippling Through Your Chip ETFs

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock opened at $647.05 on Friday. The business has a 50-day moving average of $722.27 and a two-hundred day moving average of $680.09. Invesco QQQ has a 1 year low of $555.60 and a 1 year high of $762.86.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Monday, September 21st were given a $0.7514 dividend. The ex-dividend date was Monday, September 21st. This represents a $3.01 annualized dividend and a dividend yield of 0.5%. This is a drop from Invesco QQQ's previous quarterly dividend of $0.8135.

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.

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