Invesco QQQ $QQQ Stock: Halter Ferguson Financial Inc. Raises Holdings

Halter Ferguson Financial Inc. lifted its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,747 shares of the exchange traded fund's stock after acquiring an additional 2,265 shares during the quarter. Invesco QQQ accounts for approximately 8.4% of Halter Ferguson Financial Inc.'s investment portfolio, making the stock its 4th biggest holding. Halter Ferguson Financial Inc.'s holdings in Invesco QQQ were worth $48,638,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Heartwood Wealth Advisors LLC lifted its position in shares of 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 valued at $1,444,000 after buying an additional 14 shares in the last quarter. Sherman Wealth Management LLC grew its stake in Invesco QQQ by 0.8% in the 3rd 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. CAP Partners LLC grew its stake in Invesco QQQ by 3.5% in the 1st quarter. CAP Partners LLC now owns 444 shares of the exchange traded fund's stock valued at $256,000 after acquiring an additional 15 shares during the period. Durante & Waters LLC increased its holdings in Invesco QQQ by 1.1% in the 1st quarter. Durante & Waters LLC now owns 1,425 shares of the exchange traded fund's stock worth $822,000 after acquiring an additional 15 shares in the last quarter. Finally, Roxbury Financial LLC increased its holdings in Invesco QQQ by 19.7% in the 2nd quarter. Roxbury Financial LLC now owns 91 shares of the exchange traded fund's stock worth $67,000 after acquiring an additional 15 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Invesco QQQ

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

• Positive Sentiment: Technology stocks had recently led a Nasdaq rebound, supporting QQQ as investors continued to favor major growth companies and AI-related leaders. Technology Stocks Pop, Lead Nasdaq Higher
• Positive Sentiment: QQQ was described as inching higher during Friday’s session, suggesting some dip-buying and stabilization after recent technology-sector volatility. Here’s Why the Invesco QQQ Trust ETF Is Inching Higher Today, October 23
• Neutral Sentiment: The launch of Tuttle Capital’s QQDH, an actively managed ETF using Nasdaq-100 exposure and options strategies, increases the range of competing Nasdaq-focused products but does not directly change QQQ’s holdings or fundamentals. Tuttle Capital Launches QQDH
• Neutral Sentiment: Invesco’s new international-innovator ETF, QQI, may broaden the company’s product lineup, though its higher costs and lower liquidity make it more of a complementary product than a direct replacement for QQQ. Invesco Launches QQI
• Negative Sentiment: Pre-market weakness in equity ETFs and renewed worries that massive AI capital expenditures may not generate adequate returns pressured growth-oriented funds such as QQQ. ETFs and Futures Lower Amid AI Spending Concerns
• Negative Sentiment: A recent technology sell-off and rotation into defensive stocks highlighted investor caution toward elevated technology valuations. Higher interest rates and credit-market concerns also remain headwinds for QQQ’s long-duration growth holdings. Tech Sell-Off Leads to Defensive Stocks

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $704.40 on Friday. The firm has a fifty day moving average of $725.57 and a 200 day moving average of $708.07. Invesco QQQ has a one year low of $555.60 and a one year high of $762.86.

Invesco QQQ Cuts Dividend

The business 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. This is a drop from Invesco QQQ's previous quarterly dividend of $0.8135. The ex-dividend date was Monday, September 21st. This represents a $3.01 annualized dividend and a dividend yield of 0.4%.

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.

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ - Free Report).

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.