Pioneer Family Office LLC decreased its stake in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 14.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 32,577 shares of the exchange traded fund’s stock after selling 5,720 shares during the period. Invesco QQQ accounts for about 12.0% of Pioneer Family Office LLC’s portfolio, making the stock its 3rd largest holding. Pioneer Family Office LLC’s holdings in Invesco QQQ were worth $24,104,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. Envestnet Asset Management Inc. raised its holdings in Invesco QQQ by 1.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,038,610 shares of the exchange traded fund’s stock valued at $2,237,606,000 after acquiring an additional 30,083 shares during the period. Analyst IMS Investment Management Services Ltd. boosted its holdings in shares of Invesco QQQ by 0.3% during the second quarter. Analyst IMS Investment Management Services Ltd. now owns 1,787,559 shares of the exchange traded fund’s stock worth $1,316,358,000 after acquiring an additional 4,751 shares during the period. HighTower Advisors LLC grew its position in shares of Invesco QQQ by 3.1% in the second quarter. HighTower Advisors LLC now owns 1,230,679 shares of the exchange traded fund’s stock valued at $906,272,000 after purchasing an additional 36,923 shares during the last quarter. GoalVest Advisory LLC grew its position in shares of Invesco QQQ by 20,256.6% in the third quarter. GoalVest Advisory LLC now owns 613,955 shares of the exchange traded fund’s stock valued at $454,185,000 after purchasing an additional 610,939 shares during the last quarter. Finally, Corient Private Wealth LP grew its position in shares of Invesco QQQ by 506.8% in the second quarter. Corient Private Wealth LP now owns 545,270 shares of the exchange traded fund’s stock valued at $401,553,000 after purchasing an additional 455,412 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.
Invesco QQQ Trading Up 1.0%
Shares of NASDAQ QQQ opened at $691.95 on Thursday. Invesco QQQ has a 1-year low of $555.60 and a 1-year high of $762.86. The business’s 50 day moving average is $723.55 and its 200-day moving average is $679.96.
Invesco QQQ Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Monday, September 21st were issued a $0.7514 dividend. 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%. This is a negative change from Invesco QQQ’s previous quarterly dividend of $0.8135.
Trending Headlines about Invesco QQQ
Here are the key news stories impacting Invesco QQQ this week:
- Positive Sentiment: QQQ’s holdings moved higher alongside Wednesday’s advance in U.S. equities, and a separate report described technology stocks rebounding. That recovery may help the fund, which is heavily exposed to large growth and technology companies. Exchange-Traded Funds Higher as US Equities Advance After Midday Tech Stocks Rebound To Take Center Stage – Again
- Positive Sentiment: QQQ added to all 101 of its positions on Monday, buying $3.88 billion in stocks, including Apple and NVIDIA. This indicates broad portfolio accumulation, though it does not necessarily represent investor inflows into QQQ itself. INVESCO QQQ (QQQ) Adds Apple and NVIDIA on Monday
- Neutral Sentiment: Historical analysis cited by market commentators suggests stocks have often performed well in the months following U.S. midterm elections. That seasonal pattern may support sentiment, but it does not guarantee a rebound in QQQ. Stocks Have Always Risen After Midterm Elections
- Negative Sentiment: The Nasdaq-100 has entered correction territory after falling more than 10% from its October highs, with AI-industry concerns weighing on technology shares. Continued volatility or further weakness in major tech holdings could pressure QQQ. Nasdaq 100 and QQQ have sunk into a correction: will they rebound after midterms?
- Negative Sentiment: A stronger economy may complicate the inflation fight, potentially keeping interest rates elevated for longer—a headwind for growth-oriented stocks. A Stronger Economy May Complicate The Inflation Fight
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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