Novare Capital Management LLC grew its position in Invesco QQQ (NASDAQ:QQQ – Free Report) by 24.3% during the third quarter, Holdings Channel.com reports. The firm owned 17,254 shares of the exchange traded fund’s stock after acquiring an additional 3,377 shares during the period. Novare Capital Management LLC’s holdings in Invesco QQQ were worth $10,359,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Orgel Wealth Management LLC raised its stake in Invesco QQQ by 4.7% in the third quarter. Orgel Wealth Management LLC now owns 382 shares of the exchange traded fund’s stock valued at $229,000 after buying an additional 17 shares in the last quarter. Enclave Advisors LLC increased its holdings in shares of Invesco QQQ by 0.9% in the 3rd quarter. Enclave Advisors LLC now owns 1,831 shares of the exchange traded fund’s stock valued at $1,099,000 after acquiring an additional 17 shares during the last quarter. IFS Advisors LLC increased its holdings in shares of Invesco QQQ by 4.1% in the 3rd quarter. IFS Advisors LLC now owns 431 shares of the exchange traded fund’s stock valued at $259,000 after acquiring an additional 17 shares during the last quarter. Mezzasalma Advisors LLC raised its position in shares of Invesco QQQ by 0.5% during the 3rd quarter. Mezzasalma Advisors LLC now owns 3,312 shares of the exchange traded fund’s stock worth $1,988,000 after acquiring an additional 17 shares in the last quarter. Finally, TCV Trust & Wealth Management Inc. lifted its stake in Invesco QQQ by 1.4% during the third quarter. TCV Trust & Wealth Management Inc. now owns 1,246 shares of the exchange traded fund’s stock worth $748,000 after purchasing an additional 17 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.
Invesco QQQ Stock Up 0.9%
Shares of QQQ opened at $631.13 on Wednesday. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $637.01. The stock has a 50 day moving average price of $617.65 and a 200 day moving average price of $599.34.
Invesco QQQ Increases Dividend
Invesco QQQ News Roundup
Here are the key news stories impacting Invesco QQQ this week:
- Positive Sentiment: Invesco reported Q4 adjusted earnings that beat expectations, which lifted Invesco shares and may support ETF flows and investor confidence in issuer-managed products like QQQ. Invesco shares rise as Q4 adjusted earnings beat expectations
- Positive Sentiment: Market attention is focused on mega-cap earnings (Microsoft, Meta, Tesla) that together comprise a large share of QQQ; strong results or upbeat guidance—especially on AI capex and cloud/ad monetization—could push QQQ toward a breakout. Mega-Cap Earnings Could Decide the Tech Sector’s Next Big Move
- Positive Sentiment: Recent tech rebound and the start of earnings season have eased some sector-level fears, supporting momentum in the largest growth names that dominate QQQ. Tech Rebound Soothes Greenland-Induced Shivers, Earnings Season Hits Stride
- Neutral Sentiment: Hints of Treasury intervention to support the yen could stabilize FX volatility; implications for U.S. equities (and QQQ) are mixed and hinge on follow-through. Hints Of U.S. Treasury Intervention To Support The Yen
- Neutral Sentiment: Surveys and positioning show traders are defensively positioned as equities retrace from highs, which could limit upside for QQQ until clarity from earnings or macro data. Traders Defensively Positioned As Equities Retrace From Record Highs
- Negative Sentiment: U.S. consumer sentiment slipped again and consumer pressures are mounting—weak consumer demand would be a headwind for ad-driven mega-cap revenue and, by extension, QQQ performance. U.S. Sentiment Slides Again As Consumer Pressures Mount
- Negative Sentiment: Macro caution pieces arguing that a reversion to the mean could “slam” the market feed risk-off sentiment and may pressure momentum-heavy ETFs like QQQ if investors rotate out of growth. ‘Reversion To The Mean’ Will Eventually Slam The Market
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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