Invesco QQQ $QQQ Stock Purchased by First Heartland Consultants Inc.

Key Points

• First Heartland Consultants increased its Invesco QQQ position by 9.1% in the third quarter, bringing its holdings to 66,637 shares valued at approximately $49.3 million. QQQ represents about 3.3% of the firm’s portfolio.
• Institutional investors own 44.58% of QQQ, with several other advisory firms also raising their positions recently.
• QQQ opened at $747.58, near its 52-week high of $762.86, while its latest quarterly dividend fell to $0.7514 per share from $0.8135, producing an annualized yield of about 0.4%.

First Heartland Consultants Inc. lifted its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 9.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 66,637 shares of the exchange traded fund's stock after purchasing an additional 5,536 shares during the period. Invesco QQQ comprises approximately 3.3% of First Heartland Consultants Inc.'s portfolio, making the stock its 3rd biggest holding. First Heartland Consultants Inc.'s holdings in Invesco QQQ were worth $49,296,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Heartwood Wealth Advisors LLC grew its holdings in Invesco QQQ by 0.7% in the 3rd quarter. Heartwood Wealth Advisors LLC now owns 1,952 shares of the exchange traded fund's stock worth $1,444,000 after acquiring an additional 14 shares during the last quarter. CAP Partners LLC raised its stake in shares of Invesco QQQ by 3.5% during the first 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 last quarter. Durante & Waters LLC raised its stake in shares of Invesco QQQ by 1.1% during the first quarter. Durante & Waters LLC now owns 1,425 shares of the exchange traded fund's stock valued at $822,000 after acquiring an additional 15 shares during the last quarter. Roxbury Financial LLC raised its stake in shares of Invesco QQQ by 19.7% during the second quarter. Roxbury Financial LLC now owns 91 shares of the exchange traded fund's stock valued at $67,000 after acquiring an additional 15 shares during the last quarter. Finally, GoalVest Advisory LLC boosted its holdings in shares of Invesco QQQ by 0.5% during the second quarter. GoalVest Advisory LLC now owns 3,016 shares of the exchange traded fund's stock worth $2,221,000 after purchasing an additional 15 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $747.58 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 $723.87 and its 200 day moving average is $697.62.

Invesco QQQ Cuts Dividend

The firm 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. This is a decrease 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 yield of 0.4%.

More Invesco QQQ News

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

• Positive Sentiment: Nasdaq momentum and continued AI enthusiasm remain supportive longer term. The Nasdaq reached record highs, keeping technology and semiconductor ETFs in focus despite elevated Treasury yields. ETFs to Benefit as Nasdaq's Breakthrough Still Matters
• Positive Sentiment: Institutional buying provided a modest confidence signal. Winebrenner Capital Management increased its QQQ position by 25.9%, adding 738 shares during the reported quarter. Winebrenner Capital Management Buys QQQ Shares
• Neutral Sentiment: Investors are debating whether elevated valuations and the AI investment boom can continue. Concerns about financing constraints potentially slowing AI capital spending could increase volatility in QQQ’s largest technology holdings. The AI Capex Wall
• Negative Sentiment: QQQ faced pressure from a broader equity pullback, with exchange-traded funds and equity futures moving lower as oil prices rose following renewed uncertainty over a potential U.S.-Iran agreement. ETFs and Equity Futures Down as Oil Prices Rise
• Negative Sentiment: Federal Reserve minutes were interpreted as signaling a willingness to maintain or pursue tighter policy amid mixed inflation data. Higher-for-longer rates typically weigh on high-growth technology valuations. Fed Minutes Signal More Tightening
• Negative Sentiment: A separate article highlighted fee-driven switching from QQQ to Invesco’s lower-cost Nasdaq-100 alternative, which holds the same portfolio. While the issue is structural rather than an immediate earnings risk, persistent reallocations could modestly reduce demand for QQQ among long-term investors. Investors Switching From QQQ to a Lower-Fee Alternative

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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