Triton Wealth Management PLLC Buys 2,565 Shares of Invesco QQQ $QQQ

Triton Wealth Management PLLC increased its stake in Invesco QQQ (NASDAQ:QQQ) by 5.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 50,408 shares of the exchange traded fund’s stock after acquiring an additional 2,565 shares during the period. Invesco QQQ comprises approximately 10.5% of Triton Wealth Management PLLC’s portfolio, making the stock its 2nd largest position. Triton Wealth Management PLLC’s holdings in Invesco QQQ were worth $34,594,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. GoalVest Advisory LLC increased its holdings 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. Corient Private Wealth LP lifted its position in Invesco QQQ by 506.8% during the second quarter. Corient Private Wealth LP now owns 545,270 shares of the exchange traded fund’s stock worth $401,553,000 after buying an additional 455,412 shares in the last quarter. Alaska Permanent Fund Corp acquired a new position in Invesco QQQ during the second quarter worth $207,072,000. International Assets Investment Management LLC boosted its stake in Invesco QQQ by 390.3% during the third quarter. International Assets Investment Management LLC now owns 300,000 shares of the exchange traded fund’s stock worth $221,931,000 after buying an additional 238,814 shares during the last quarter. Finally, Senator Investment Group LP purchased a new stake in Invesco QQQ in the 2nd quarter valued at $157,221,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ News Roundup

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

• Positive Sentiment: The Nasdaq-100 had recently posted its strongest session since March, with chip stocks leading a broad rebound. That recovery offers support if buyers return, though it has not prevented the latest pullback. The Nasdaq-100 Just Had Its Best Day Since March Without Nvidia’s Help
• Neutral Sentiment: QQQ’s underlying index rallied in the prior session, but coverage cautioned that key technical levels will determine whether the move marks a durable rebound or a short-lived bounce. Invesco QQQ Trust ETF Is Falling Today — Here’s Why
• Negative Sentiment: U.S. equities fell after midday, weighing on broad-market ETFs and QQQ. Exchange-Traded Funds Lower as US Equities Decline After Midday
• Negative Sentiment: Hot October inflation and resilient employment data have prompted discussion of a possible December Fed rate hike. Higher-rate expectations can pressure growth and technology shares, which carry substantial weight in QQQ. Hot October CPI Prompts Chatter of a Jumbo December Fed Rate Hike

Invesco QQQ Stock Down 0.7%

Shares of QQQ opened at $674.76 on Wednesday. Invesco QQQ has a 52-week low of $555.60 and a 52-week high of $762.86. The stock has a fifty day simple moving average of $719.39 and a two-hundred day simple moving average of $680.92.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Monday, September 21st were given a $0.7514 dividend. 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. This represents a $3.01 dividend on an annualized basis and a yield of 0.4%.

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.