Juncture Wealth Strategies LLC Acquires 6,635 Shares of Invesco QQQ $QQQ

Key Points

• Juncture Wealth Strategies acquired 6,635 shares of Invesco QQQ in the third quarter, valued at approximately $4.9 million and representing 1.2% of its portfolio.
• QQQ shares rose to $759.66, near their 52-week high of $762.86, supported by a broad technology-stock rally and expectations that interest-rate pressures may ease.
• Invesco QQQ reduced its quarterly dividend to $0.7514 per share from $0.8135, equating to an annualized dividend of about $3.01 and a 0.4% yield; analysts also cautioned that elevated valuations and weak economic data could increase volatility.

Juncture Wealth Strategies LLC acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 6,635 shares of the exchange traded fund's stock, valued at approximately $4,908,000. Invesco QQQ comprises about 1.2% of Juncture Wealth Strategies LLC's investment portfolio, making the stock its 15th largest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. High Point Wealth Management LLC raised its stake in shares of Invesco QQQ by 68.0% during the 2nd quarter. High Point Wealth Management LLC now owns 42 shares of the exchange traded fund's stock worth $31,000 after purchasing an additional 17 shares in the last quarter. Parvin Asset Management LLC acquired a new stake in shares of Invesco QQQ during the 1st quarter valued at about $28,000. Islay Capital Management LLC bought a new stake in shares of Invesco QQQ in the 4th quarter valued at approximately $32,000. Financial Management Professionals Inc. increased its holdings in Invesco QQQ by 83.3% in the second quarter. Financial Management Professionals Inc. now owns 55 shares of the exchange traded fund's stock worth $41,000 after buying an additional 25 shares during the last quarter. Finally, Bullseye Investment Management LLC acquired a new position in Invesco QQQ in the second quarter worth approximately $44,000. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

QQQ traded up $3.46 during midday trading on Tuesday, hitting $759.66. 26,426,514 shares of the company's stock traded hands, compared to its average volume of 48,363,570. The stock's fifty day simple moving average is $718.99 and its 200-day simple moving average is $694.14. Invesco QQQ has a one year low of $555.60 and a one year high of $762.86.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Monday, September 21st will be paid a dividend of $0.7514 per share. This is a negative change from Invesco QQQ's previous quarterly dividend of $0.8135. The ex-dividend date is Monday, September 21st. This represents a $3.01 annualized dividend and a dividend yield of 0.4%.

Key Headlines Impacting Invesco QQQ

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

• Positive Sentiment: A broad technology-stock rally is lifting the Nasdaq-100, directly benefiting QQQ because of its significant exposure to major technology and communications companies. Markets Take Off As Tech Stocks Rally
• Positive Sentiment: Market commentary remains bullish, with some analysts arguing that a U.S. recession is not imminent, the bull market can continue, and rising bond yields may not derail equities. These views support continued appetite for growth stocks held by QQQ. A U.S. Recession Still Isn't Imminent
• Positive Sentiment: Softer employment data and expectations for a Federal Reserve pause could reduce pressure from interest rates, a potential tailwind for high-growth technology valuations. Softer Jobs Data Strengthen The Case For A Fed Pause
• Neutral Sentiment: QQQ’s strong five-year performance compared with ARKK highlights investor preference for profitable, established technology leaders, although the comparison is disputed by Cathie Wood as sensitive to the measurement period. Cathie Wood Claps Back After ARKK Comparison
• Negative Sentiment: Several reports warn that the Nasdaq and broader equity markets may be overextended, citing narrow market breadth, elevated valuations, and comparisons with the dot-com era. These concerns could increase volatility for QQQ after its strong advance. Nasdaq At All-Time Highs: This Is Getting Ridiculous
• Negative Sentiment: Weak September job growth and warnings about credit-market stress remain risks, particularly if higher yields or deteriorating economic conditions pressure high-growth stocks. Employment Report: 29K Jobs Added In September, Worse Than Expected

About Invesco QQQ

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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