Invesco QQQ $QQQ Shares Bought by Obermeyer Wealth Partners

Obermeyer Wealth Partners boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 17.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 64,155 shares of the exchange traded fund’s stock after acquiring an additional 9,676 shares during the quarter. Invesco QQQ makes up approximately 1.9% of Obermeyer Wealth Partners’ portfolio, making the stock its 20th largest holding. Obermeyer Wealth Partners’ holdings in Invesco QQQ were worth $47,460,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Parvin Asset Management LLC acquired a new position in Invesco QQQ in the 1st quarter valued at $28,000. High Point Wealth Management LLC boosted its position in shares of Invesco QQQ by 68.0% in the second 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. 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 last quarter. Bullseye Investment Management LLC acquired a new stake in shares of Invesco QQQ in the second quarter worth $44,000. Finally, Annis Gardner Whiting Capital Advisors LLC grew its stake in shares of Invesco QQQ by 146.7% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 111 shares of the exchange traded fund’s stock worth $64,000 after acquiring an additional 66 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.0%

NASDAQ:QQQ opened at $704.40 on Friday. Invesco QQQ has a one year low of $555.60 and a one year high of $762.86. The company has a fifty day moving average price of $725.57 and a 200 day moving average price of $708.07.

Invesco QQQ Cuts Dividend

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

Invesco QQQ News Summary

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

• Positive Sentiment: Technology stocks had recently led a Nasdaq rebound, supporting QQQ as investors continued to favor major growth companies and AI-related leaders. Technology Stocks Pop, Lead Nasdaq Higher
• Positive Sentiment: QQQ was described as inching higher during Friday’s session, suggesting some dip-buying and stabilization after recent technology-sector volatility. Here’s Why the Invesco QQQ Trust ETF Is Inching Higher Today, October 23
• Neutral Sentiment: The launch of Tuttle Capital’s QQDH, an actively managed ETF using Nasdaq-100 exposure and options strategies, increases the range of competing Nasdaq-focused products but does not directly change QQQ’s holdings or fundamentals. Tuttle Capital Launches QQDH
• Neutral Sentiment: Invesco’s new international-innovator ETF, QQI, may broaden the company’s product lineup, though its higher costs and lower liquidity make it more of a complementary product than a direct replacement for QQQ. Invesco Launches QQI
• Negative Sentiment: Pre-market weakness in equity ETFs and renewed worries that massive AI capital expenditures may not generate adequate returns pressured growth-oriented funds such as QQQ. ETFs and Futures Lower Amid AI Spending Concerns
• Negative Sentiment: A recent technology sell-off and rotation into defensive stocks highlighted investor caution toward elevated technology valuations. Higher interest rates and credit-market concerns also remain headwinds for QQQ’s long-duration growth holdings. Tech Sell-Off Leads to Defensive Stocks

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.