Kestra Investment Management LLC Purchases 7,645 Shares of Invesco QQQ $QQQ

Kestra Investment Management LLC raised its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 187.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,726 shares of the exchange traded fund's stock after purchasing an additional 7,645 shares during the quarter. Kestra Investment Management LLC's holdings in Invesco QQQ were worth $8,675,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Parvin Asset Management LLC acquired a new stake in Invesco QQQ during the first quarter worth $28,000. High Point Wealth Management LLC lifted its stake in shares of Invesco QQQ by 68.0% in the 2nd quarter. High Point Wealth Management LLC now owns 42 shares of the exchange traded fund's stock valued at $31,000 after purchasing an additional 17 shares during the last quarter. Financial Management Professionals Inc. lifted its stake in shares of Invesco QQQ by 83.3% in the 2nd quarter. Financial Management Professionals Inc. now owns 55 shares of the exchange traded fund's stock valued at $41,000 after purchasing an additional 25 shares during the last quarter. CrossGen Wealth LLC grew its holdings in shares of Invesco QQQ by 44.7% during the 3rd quarter. CrossGen Wealth LLC now owns 55 shares of the exchange traded fund's stock worth $41,000 after purchasing an additional 17 shares during the period. Finally, Bullseye Investment Management LLC purchased a new position in shares of Invesco QQQ during the 2nd quarter worth $44,000. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ News Roundup

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

• Positive Sentiment: Broad U.S. equity ETFs and equity futures moved higher on Monday amid a global market recovery, which likely supported QQQ along with other growth-oriented funds. Exchange-Traded Funds, Equity Futures Higher Pre-Bell Monday Amid Global Market Recovery Exchange-Traded Funds Higher as US Equities Advance After Midday
• Neutral Sentiment: A retrospective on QQQ’s performance since launch highlights its strong long-term returns, but offers little new information about near-term trading. If You'd Invested $5,000 in QQQ the Day It Launched, Here's What You'd Have Today
• Negative Sentiment: One report said QQQ sold about $2.1 billion of stock on Nov. 5 and bought none, trimming all 101 positions. That broad selling may weigh on sentiment, though the report does not establish the reason for the transactions. Invesco QQQ (QQQ) Sells Apple and Nvidia on Nov. 5
• Negative Sentiment: Recent commentary flagged deteriorating market momentum and downside risk for the Nasdaq, including a bearish scenario for QQQ. These are analyst opinions, not confirmed forecasts, but they may reinforce caution toward the fund’s tech-heavy exposure. Q4 Rally Cycle Cracks As Negative Momentum Signals Worsen From October The Nasdaq Is Toast: QQQ Could Go 40% Lower Here's How, And What Could Stop It

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ opened at $679.35 on Tuesday. The business has a 50-day moving average price of $720.23 and a 200 day moving average price of $680.65. Invesco QQQ has a 12-month low of $555.60 and a 12-month high of $762.86.

Invesco QQQ Cuts Dividend

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

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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