Invesco QQQ $QQQ Stock Position Increased by Sax Wealth Advisors LLC

Key Points

• Sax Wealth Advisors increased its Invesco QQQ position by 16.6% in the third quarter, acquiring 2,973 additional shares for a total of 20,921 shares valued at approximately $15.5 million.
• Several other institutional investors also raised their QQQ holdings, with hedge funds and institutional investors collectively owning 44.58% of the ETF.
• QQQ recently traded at $742.21, near its 12-month high of $762.86, while its quarterly dividend was reduced to $0.7514 per share from $0.8135, representing a 0.4% annualized yield.

Sax Wealth Advisors LLC lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 16.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,921 shares of the exchange traded fund's stock after acquiring an additional 2,973 shares during the period. Sax Wealth Advisors LLC's holdings in Invesco QQQ were worth $15,477,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Refined Wealth Management increased its stake in shares of Invesco QQQ by 5.7% in the third quarter. Refined Wealth Management now owns 24,323 shares of the exchange traded fund's stock valued at $17,993,000 after buying an additional 1,305 shares in the last quarter. Fragasso Financial Advisors Inc boosted its position in Invesco QQQ by 24.8% in the 3rd quarter. Fragasso Financial Advisors Inc now owns 2,633 shares of the exchange traded fund's stock valued at $1,978,000 after buying an additional 524 shares during the last quarter. Baldwin Wealth Partners LLC MA increased its stake in shares of Invesco QQQ by 10.9% in the 3rd quarter. Baldwin Wealth Partners LLC MA now owns 589 shares of the exchange traded fund's stock valued at $436,000 after buying an additional 58 shares during the period. JGP Wealth Management LLC raised its position in shares of Invesco QQQ by 2.9% during the third quarter. JGP Wealth Management LLC now owns 2,248 shares of the exchange traded fund's stock worth $1,663,000 after acquiring an additional 63 shares during the last quarter. Finally, Scott Capital Advisors LLC lifted its stake in shares of Invesco QQQ by 8.9% during the third quarter. Scott Capital Advisors LLC now owns 49,893 shares of the exchange traded fund's stock valued at $37,806,000 after acquiring an additional 4,065 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

QQQ stock traded down $3.83 during midday trading on Tuesday, reaching $742.21. The stock had a trading volume of 15,725,996 shares, compared to its average volume of 47,826,102. Invesco QQQ has a twelve month low of $555.60 and a twelve month high of $762.86. The business has a fifty day simple moving average of $726.06 and a two-hundred day simple moving average of $699.91.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Monday, September 21st were given a dividend of $0.7514 per share. This represents a $3.01 annualized dividend 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 News Summary

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

• Positive Sentiment: Falling volatility, easing oil prices and a reprieve in bond yields supported broader equities and could provide a favorable backdrop for QQQ’s technology-heavy portfolio. Volatilities Fall On Oil/Yield Reprieve As The S&P Rallies Into Earnings Season
• Positive Sentiment: Analysts remain constructive on equities despite persistent “walls of worry,” suggesting that strong earnings or improving sentiment could continue to support major Nasdaq constituents. The Wall Of Worry Still Points To Higher Prices
• Positive Sentiment: Invesco highlighted the QQQ product ecosystem and its leadership in innovation-focused ETFs, reinforcing the fund’s appeal to investors seeking exposure to secular technology trends. Brian Hartigan on Why Invesco's QQQ Suite Stands Out Among Competitors
• Neutral Sentiment: Trading activity was unusually light during the Columbus Day session, which can exaggerate daily moves and makes the decline less indicative of a decisive change in investor positioning. Low Volume Marks Columbus Day Session
• Neutral Sentiment: Coverage of QQQ’s daily performance focused on normal market sensitivity to Nasdaq-100 constituents and broader market conditions rather than a company-specific development. Why Is Invesco QQQ Trust ETF (QQQ) Down Today, Oct. 12?
• Negative Sentiment: Investors are preparing for upcoming CPI, PPI and third-quarter earnings reports, raising the risk of renewed rate and valuation volatility for QQQ’s growth-oriented holdings. CPI, PPI, And Q3 Earnings Soon, October Could End Roughly
• Negative Sentiment: Concerns about elevated technology valuations, rising AI capital spending and potential bubble risks may be limiting enthusiasm for the Magnificent Seven and other major QQQ holdings. Guide to Magnificent Seven ETF Investing
• Negative Sentiment: Some market observers are raising cash ahead of the midterm elections and warning that stressed debt markets could create additional pressure on risk assets, including growth-focused ETFs. Brace Yourself For The Midterms, I'm Raising Cash

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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