Jacksonville Wealth Management LLC Buys 1,800 Shares of Invesco QQQ $QQQ

Key Points

• Jacksonville Wealth Management increased its Invesco QQQ stake by 7.5% in the third quarter, adding 1,800 shares to bring its holding to 25,736 shares, valued at about $19.0 million. QQQ represents roughly 10% of the firm’s portfolio and is its second-largest position.
• Institutional investors own 44.58% of QQQ, and several other firms also increased their holdings during the quarter.
• Invesco QQQ’s latest quarterly dividend was $0.7514 per share, down from $0.8135 previously, for an annualized yield of about 0.4%.

Jacksonville Wealth Management LLC increased its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 7.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,736 shares of the exchange traded fund's stock after acquiring an additional 1,800 shares during the period. Invesco QQQ comprises approximately 10.0% of Jacksonville Wealth Management LLC's portfolio, making the stock its 2nd largest position. Jacksonville Wealth Management LLC's holdings in Invesco QQQ were worth $19,039,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Sageworth Trust Co lifted its holdings in shares of Invesco QQQ by 32.9% in the 3rd quarter. Sageworth Trust Co now owns 5,463 shares of the exchange traded fund's stock worth $4,041,000 after acquiring an additional 1,352 shares during the last quarter. Independent Investors Inc. boosted its stake in shares of Invesco QQQ by 62.7% in the 3rd quarter. Independent Investors Inc. now owns 623 shares of the exchange traded fund's stock valued at $461,000 after purchasing an additional 240 shares in the last quarter. Jmac Enterprises LLC grew its holdings in shares of Invesco QQQ by 0.3% during the 3rd quarter. Jmac Enterprises LLC now owns 45,683 shares of the exchange traded fund's stock valued at $33,795,000 after purchasing an additional 119 shares during the last quarter. Cordgrass Capital Advisors LLC grew its holdings in shares of Invesco QQQ by 1.3% during the 3rd quarter. Cordgrass Capital Advisors LLC now owns 3,698 shares of the exchange traded fund's stock valued at $2,736,000 after purchasing an additional 48 shares during the last quarter. Finally, JCIC Asset Management Inc. raised its position in Invesco QQQ by 41.7% in the 3rd quarter. JCIC Asset Management Inc. now owns 170 shares of the exchange traded fund's stock worth $126,000 after purchasing an additional 50 shares during the period. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Up 1.0%

Shares of NASDAQ:QQQ opened at $691.95 on Thursday. The company's fifty day moving average is $723.55 and its 200 day moving average is $679.96. Invesco QQQ has a 52 week low of $555.60 and a 52 week high of $762.86.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Monday, September 21st were paid a dividend of $0.7514 per share. This represents a $3.01 dividend on an annualized basis and a dividend yield of 0.4%. This is a decrease from Invesco QQQ's previous quarterly dividend of $0.8135. The ex-dividend date of this dividend was Monday, September 21st.

Invesco QQQ News Summary

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

• Positive Sentiment: QQQ’s holdings moved higher alongside Wednesday’s advance in U.S. equities, and a separate report described technology stocks rebounding. That recovery may help the fund, which is heavily exposed to large growth and technology companies. Exchange-Traded Funds Higher as US Equities Advance After Midday Tech Stocks Rebound To Take Center Stage - Again
• Positive Sentiment: QQQ added to all 101 of its positions on Monday, buying $3.88 billion in stocks, including Apple and NVIDIA. This indicates broad portfolio accumulation, though it does not necessarily represent investor inflows into QQQ itself. INVESCO QQQ (QQQ) Adds Apple and NVIDIA on Monday
• Neutral Sentiment: Historical analysis cited by market commentators suggests stocks have often performed well in the months following U.S. midterm elections. That seasonal pattern may support sentiment, but it does not guarantee a rebound in QQQ. Stocks Have Always Risen After Midterm Elections
• Negative Sentiment: The Nasdaq-100 has entered correction territory after falling more than 10% from its October highs, with AI-industry concerns weighing on technology shares. Continued volatility or further weakness in major tech holdings could pressure QQQ. Nasdaq 100 and QQQ have sunk into a correction: will they rebound after midterms?
• Negative Sentiment: A stronger economy may complicate the inflation fight, potentially keeping interest rates elevated for longer—a headwind for growth-oriented stocks. A Stronger Economy May Complicate The Inflation Fight

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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