Invesco QQQ $QQQ Stake Lifted by Sageworth Trust Co

Sageworth Trust Co raised its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 32.9% during the third quarter, according to its most recent filing with the SEC. The firm owned 5,463 shares of the exchange traded fund’s stock after purchasing an additional 1,352 shares during the period. Sageworth Trust Co’s holdings in Invesco QQQ were worth $4,041,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Independent Investors Inc. increased its position in shares of Invesco QQQ by 62.7% during the third quarter. Independent Investors Inc. now owns 623 shares of the exchange traded fund’s stock worth $461,000 after purchasing an additional 240 shares in the last quarter. Jmac Enterprises LLC increased its position in Invesco QQQ by 0.3% during the 3rd quarter. Jmac Enterprises LLC now owns 45,683 shares of the exchange traded fund’s stock valued at $33,795,000 after buying an additional 119 shares in the last quarter. Cordgrass Capital Advisors LLC raised its stake in Invesco QQQ by 1.3% in the third quarter. Cordgrass Capital Advisors LLC now owns 3,698 shares of the exchange traded fund’s stock valued at $2,736,000 after buying an additional 48 shares during the last quarter. JCIC Asset Management Inc. raised its stake in Invesco QQQ by 41.7% in the third quarter. JCIC Asset Management Inc. now owns 170 shares of the exchange traded fund’s stock valued at $126,000 after buying an additional 50 shares during the last quarter. Finally, NBZ Investment Advisors LLC boosted its holdings in Invesco QQQ by 12.7% in the third quarter. NBZ Investment Advisors LLC now owns 4,371 shares of the exchange traded fund’s stock worth $3,234,000 after acquiring an additional 492 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $691.95 on Thursday. Invesco QQQ has a fifty-two week low of $555.60 and a fifty-two week high of $762.86. The business has a 50-day simple moving average of $723.55 and a two-hundred day simple moving average of $679.96.

Invesco QQQ Cuts Dividend

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

Key Stories Impacting 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.