International Private Wealth Advisors LLC Purchases 798 Shares of Invesco QQQ $QQQ

International Private Wealth Advisors LLC lifted its position in shares of Invesco QQQ (NASDAQ:QQQ) by 22.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,408 shares of the exchange traded fund’s stock after purchasing an additional 798 shares during the quarter. Invesco QQQ accounts for 1.2% of International Private Wealth Advisors LLC’s portfolio, making the stock its 23rd largest position. International Private Wealth Advisors LLC’s holdings in Invesco QQQ were worth $3,261,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. High Point Wealth Management LLC grew its stake in Invesco QQQ by 68.0% in the second quarter. High Point Wealth Management LLC now owns 42 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 17 shares during the period. Parvin Asset Management LLC acquired a new stake in shares of Invesco QQQ during the first quarter worth about $28,000. Financial Management Professionals Inc. raised its position in shares of 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 lifted its holdings in shares of Invesco QQQ by 44.7% during the 3rd quarter. CrossGen Wealth LLC now owns 55 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 17 shares in the last quarter. Finally, Bullseye Investment Management LLC bought a new position in shares of Invesco QQQ during the 2nd quarter valued at about $44,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ News Summary

These are some of the QQQ news items that stood out recently:

• Positive Sentiment: U.S. equities advanced after midday on Nov. 11, offering a supportive backdrop for QQQ following the prior session’s weakness. Exchange-Traded Funds Higher as US Equities Advance After Midday
• Neutral Sentiment: QQQ’s reported holdings grew across its portfolio, including an additional $206.7 million in Apple on Nov. 9. This describes fund holdings activity but does not, by itself, establish a change in investor demand for QQQ. Invesco QQQ Trust (QQQ) Buys $206.7 Million More Apple on Nov. 9
• Negative Sentiment: October CPI rose 0.4% month over month, and reports described price pressures as broadening or sticky. That intensified speculation about a December Fed rate hike; higher rates can weigh on growth-stock valuations, a key risk for QQQ. October CPI: Broadening Price Pressures Keep Fed Tightening On Track

Invesco QQQ Trading Up 2.3%

Shares of QQQ opened at $690.38 on Thursday. The stock has a 50 day simple moving average of $719.04 and a 200 day simple moving average of $681.26. Invesco QQQ has a 52-week low of $555.60 and a 52-week high of $762.86.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Monday, September 21st were paid 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.