43,363 Shares in Invesco QQQ $QQQ Purchased by M Holdings Securities Inc.

M Holdings Securities Inc. bought a new position in shares of Invesco QQQ (NASDAQ:QQQ) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 43,363 shares of the exchange traded fund’s stock, valued at approximately $30,524,000. Invesco QQQ comprises 1.9% of M Holdings Securities Inc.’s investment portfolio, making the stock its 6th biggest holding.

Other institutional investors have also made changes to their positions in the company. Parvin Asset Management LLC acquired a new stake in Invesco QQQ during the 1st quarter valued at $28,000. High Point Wealth Management LLC boosted its position in Invesco QQQ by 68.0% during the second 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 during the period. Financial Management Professionals Inc. boosted its position in Invesco QQQ by 83.3% during the second quarter. Financial Management Professionals Inc. now owns 55 shares of the exchange traded fund’s stock worth $41,000 after purchasing an additional 25 shares during the period. CrossGen Wealth LLC boosted its position in Invesco QQQ by 44.7% during the third 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 acquired a new position in shares of Invesco QQQ in the second quarter valued at $44,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ News Summary

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

• Positive Sentiment: QQQ rose as several technology stocks recovered, helping lift the Nasdaq-100. Why Is Invesco QQQ Trust Rising Today, Nov. 6?
• Positive Sentiment: Broad U.S. equity ETFs advanced after midday, providing a supportive market backdrop for QQQ. Exchange-Traded Funds Higher as US Equities Advance After Midday
• Positive Sentiment: QQQ added to its Apple and NVIDIA positions on Nov. 4, increasing exposure to two major index constituents, though the fund’s purchases are not a separate earnings catalyst. INVESCO QQQ (QQQ) Adds Apple and NVIDIA on Nov. 4
• Neutral Sentiment: October job growth exceeded expectations. A resilient economy may support company demand, but it could also keep interest rates higher, a potential headwind for growth-stock valuations. Exchange-Traded Funds Higher, Equity Futures Mixed as US October Jobs Rise More than Expected
• Negative Sentiment: Recent selling in AI and semiconductor stocks remains a risk for QQQ, given the index’s substantial technology exposure. QQQ and SMH sink as chip stocks have worst day since 2020
• Negative Sentiment: Ongoing concerns about AI-sector volatility and broader market headwinds could make the rebound fragile. Q4 QQQ Roadmap: Navigating AI Turbulence & Market Headwinds

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $656.10 on Monday. The firm’s fifty day moving average price is $720.97 and its two-hundred day moving average price is $680.33. Invesco QQQ has a one year low of $555.60 and a one year high of $762.86.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Monday, September 21st were issued a dividend of $0.7514 per share. This represents a $3.01 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, September 21st. This is a negative change from Invesco QQQ’s previous quarterly dividend of $0.8135.

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.