Invesco QQQ $QQQ Stock Position Raised by Royal Fund Management LLC

Key Points

• Royal Fund Management increased its Invesco QQQ position by 4.6% in the third quarter, bringing its holdings to 59,658 shares valued at approximately $44.1 million. QQQ represents 3.4% of the fund’s portfolio and is its second-largest position.
• Several other institutional investors also added to QQQ, including Sepio Capital, Strategic Planning Group, Howland Capital Management, and SeaCrest Wealth Management; institutional investors collectively own 44.58% of the ETF.
• QQQ opened at $704.40, below its 50-day moving average, amid mixed technology-sector sentiment. Its quarterly dividend fell to $0.7514 per share, equivalent to an annualized yield of approximately 0.4%.

Royal Fund Management LLC raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,658 shares of the exchange traded fund's stock after purchasing an additional 2,609 shares during the quarter. Invesco QQQ makes up 3.4% of Royal Fund Management LLC's holdings, making the stock its 2nd biggest position. Royal Fund Management LLC's holdings in Invesco QQQ were worth $44,133,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Sepio Capital LP raised its holdings in Invesco QQQ by 132.5% in the 3rd quarter. Sepio Capital LP now owns 49,736 shares of the exchange traded fund's stock valued at $36,793,000 after acquiring an additional 28,347 shares during the period. Strategic Planning Group LLC boosted its holdings in shares of Invesco QQQ by 81.9% during the third quarter. Strategic Planning Group LLC now owns 1,137 shares of the exchange traded fund's stock worth $841,000 after acquiring an additional 512 shares during the period. Howland Capital Management LLC grew its position in shares of Invesco QQQ by 135.4% in the third quarter. Howland Capital Management LLC now owns 7,198 shares of the exchange traded fund's stock valued at $5,330,000 after purchasing an additional 4,140 shares during the last quarter. SeaCrest Wealth Management LLC grew its position in shares of Invesco QQQ by 2.9% in the third quarter. SeaCrest Wealth Management LLC now owns 23,576 shares of the exchange traded fund's stock valued at $17,441,000 after purchasing an additional 666 shares during the last quarter. Finally, Northern Lights Advisors Inc. acquired a new position in shares of Invesco QQQ in the third quarter valued at approximately $411,000. Institutional investors and hedge funds own 44.58% of the company's stock.

Trending Headlines about 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 Trading Down 0.0%

Shares of NASDAQ QQQ opened at $704.40 on Friday. Invesco QQQ has a 1-year low of $555.60 and a 1-year high of $762.86. The business's 50 day moving average is $725.57 and its 200-day moving average is $708.07.

Invesco QQQ Cuts Dividend

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