Invesco QQQ $QQQ Stock Bought by Wedmont Private Capital

Wedmont Private Capital lifted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 11.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,990 shares of the exchange traded fund’s stock after acquiring an additional 4,095 shares during the quarter. Invesco QQQ makes up about 0.7% of Wedmont Private Capital’s investment portfolio, making the stock its 23rd largest position. Wedmont Private Capital’s holdings in Invesco QQQ were worth $29,895,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in QQQ. Parvin Asset Management LLC acquired a new stake in Invesco QQQ in the first quarter worth about $28,000. High Point Wealth Management LLC lifted its position in Invesco QQQ by 68.0% during the 2nd quarter. High Point Wealth Management LLC now owns 42 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 17 shares during the period. Islay Capital Management LLC acquired a new position in Invesco QQQ during the 4th quarter valued at about $32,000. Financial Management Professionals Inc. boosted its stake in shares of Invesco QQQ by 83.3% in the 2nd quarter. Financial Management Professionals Inc. now owns 55 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 25 shares during the last quarter. Finally, Bullseye Investment Management LLC acquired a new stake in shares of Invesco QQQ during the 2nd quarter worth approximately $44,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Trending Headlines about Invesco QQQ

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

• Positive Sentiment: U.S. equities advanced after midday, providing a favorable backdrop for QQQ’s large technology holdings. Nasdaq strength and AI-led gains continue to support technology-focused ETFs. Exchange-Traded Funds Rise as US Equities Advance After Midday
• Positive Sentiment: A report highlighting ETFs benefiting from the Nasdaq’s breakout reinforces the bullish case for QQQ, as semiconductor and AI stocks remain key market leaders despite elevated Treasury yields. ETFs to Benefit as Nasdaq’s Breakthrough Still Matters
• Positive Sentiment: Winebrenner Capital Management increased its QQQ position by 738 shares, or 25.9%, a modest signal of institutional confidence. Winebrenner Capital Management LLC Buys 738 Shares of Invesco QQQ
• Neutral Sentiment: QQQ’s long-term performance remains strong, although comparisons show Vanguard Information Technology ETF (VGT) produced higher returns since ChatGPT’s launch. The difference reflects portfolio composition and risk, rather than a change in QQQ’s holdings. $10,000 in VGT the Day ChatGPT Launched Is Now $30,500
• Neutral Sentiment: Reported short interest was zero shares, implying no measurable short-selling pressure; however, the item’s description of a “significant increase” conflicts with the reported figure, limiting its usefulness as a trading signal.
• Negative Sentiment: Investors are switching from QQQ to a lower-fee fund tracking the same index, raising a potential long-term asset-gathering and fee-competition concern for Invesco. Why Buy-and-Hold Investors Are Switching From QQQ to This Lower-Fee Alternative
• Negative Sentiment: Warnings about potentially higher Treasury yields, additional Federal Reserve tightening, stretched AI valuations and bubble risk could pressure QQQ’s growth-stock holdings by increasing discount rates and reducing risk appetite. Fed Minutes Signal More Tightening Amid Mixed Inflation Data

Invesco QQQ Price Performance

QQQ opened at $751.27 on Friday. The firm has a 50 day simple moving average of $725.14 and a 200 day simple moving average of $698.00. Invesco QQQ has a fifty-two week low of $555.60 and a fifty-two week high of $762.86.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Monday, September 21st were issued a dividend of $0.7514 per share. 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 drop from Invesco QQQ’s previous quarterly dividend of $0.8135.

Invesco QQQ Company 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.