VMS Asset Management Limited Purchases 32,585 Shares of Invesco QQQ $QQQ

Key Points

• VMS Asset Management purchased 32,585 shares of Invesco QQQ during the third quarter, valued at approximately $24.1 million, making QQQ its second-largest holding at 9.4% of the portfolio.
• QQQ opened at $728.95, near its 50-day average of $726.69, with a 12-month range of $555.60 to $762.86. Institutional investors collectively own 44.58% of the ETF.
• Invesco QQQ’s quarterly dividend fell to $0.7514 from $0.8135, representing an annualized yield of about 0.4%; elevated valuations, concentrated technology exposure, inflation, and potential higher interest rates remain key risks.

VMS Asset Management Limited purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 32,585 shares of the exchange traded fund's stock, valued at approximately $24,105,000. Invesco QQQ makes up approximately 9.4% of VMS Asset Management Limited's investment portfolio, making the stock its 2nd biggest position.

Several other institutional investors also recently modified their holdings of QQQ. High Point Wealth Management LLC lifted its stake in 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 valued at $31,000 after acquiring an additional 17 shares during the period. Parvin Asset Management LLC purchased a new stake in shares of Invesco QQQ during the 1st quarter valued at about $28,000. Financial Management Professionals Inc. grew its stake in shares of 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 acquiring an additional 25 shares during the period. Bullseye Investment Management LLC bought a new stake in shares of Invesco QQQ in the second quarter worth approximately $44,000. Finally, Wealth Preservation Advisors LLC bought a new stake in shares of Invesco QQQ in the fourth quarter worth approximately $50,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

QQQ opened at $728.95 on Thursday. The firm has a 50 day moving average price of $726.69 and a 200-day moving average price of $702.10. Invesco QQQ has a twelve month low of $555.60 and a twelve 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 given a $0.7514 dividend. 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. This represents a $3.01 dividend on an annualized basis and a yield of 0.4%.

Key Stories Impacting Invesco QQQ

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

• Positive Sentiment: A strong earnings environment could support QQQ’s underlying holdings, although elevated expectations also raise the risk of disappointing results. Wall Street's Earnings Boom Raises The Stakes
• Neutral Sentiment: QQQ’s Nasdaq-100 structure excludes banks and other financial companies, giving investors concentrated exposure to technology and communications stocks rather than the full market. That can help when growth stocks lead but increases concentration risk when technology weakens. Invesco QQQ Doesn't Own a Single Bank, and That's Not the Only Thing the Nasdaq-100 Leaves Out
• Negative Sentiment: September CPI inflation was reported at 3.7%, with commentary highlighting persistent core services pressure. The data increased speculation that the Federal Reserve could raise rates in October, a negative catalyst for long-duration growth stocks held by QQQ. Consumer Price Index: Inflation At 3.7% In September
• Negative Sentiment: Market coverage points to weakening breadth, stretched valuations, and signs that semiconductor stocks are turning lower. Those factors pose an added risk to QQQ’s concentrated mega-cap technology and chip exposure. Markets Flashing Yellow
• Negative Sentiment: The Nikkei’s nearly 5% overnight decline is weighing on global technology sentiment and raising concern that U.S. Nasdaq stocks could follow. The Nikkei Crashed Nearly 5% Overnight
• Negative Sentiment: Analysts are also warning that tighter monetary policy could constrain artificial-intelligence capital spending, challenging one of the strongest recent growth themes in QQQ. AI CapEx Has A Fed Problem

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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