Kestra Advisory Services LLC Acquires 83,394 Shares of Invesco QQQ $QQQ

Kestra Advisory Services LLC increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 10.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 880,835 shares of the exchange traded fund’s stock after purchasing an additional 83,394 shares during the quarter. Invesco QQQ accounts for 1.8% of Kestra Advisory Services LLC’s holdings, making the stock its 4th largest holding. Kestra Advisory Services LLC owned about 0.13% of Invesco QQQ worth $651,615,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of QQQ. Fusion Family Wealth LLC boosted its position in shares of Invesco QQQ by 1.0% during the 3rd quarter. Fusion Family Wealth LLC now owns 96,366 shares of the exchange traded fund’s stock worth $71,289,000 after acquiring an additional 955 shares in the last quarter. TFB Advisors LLC raised its position in shares of Invesco QQQ by 10.5% during the 3rd quarter. TFB Advisors LLC now owns 8,044 shares of the exchange traded fund’s stock worth $5,950,000 after acquiring an additional 763 shares in the last quarter. Wealth Dimensions Group Ltd. raised its position in shares of Invesco QQQ by 1.9% during the 3rd quarter. Wealth Dimensions Group Ltd. now owns 2,303 shares of the exchange traded fund’s stock worth $1,703,000 after acquiring an additional 43 shares in the last quarter. Pathway Financial Advisers LLC raised its position in shares of Invesco QQQ by 7.4% during the 3rd quarter. Pathway Financial Advisers LLC now owns 2,448 shares of the exchange traded fund’s stock worth $1,811,000 after acquiring an additional 169 shares in the last quarter. Finally, Wrenne Financial Planning LLC lifted its stake in Invesco QQQ by 6.3% during the third quarter. Wrenne Financial Planning LLC now owns 978 shares of the exchange traded fund’s stock worth $723,000 after purchasing an additional 58 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 6.5%

Shares of Invesco QQQ stock opened at $647.05 on Friday. Invesco QQQ has a 52 week low of $555.60 and a 52 week high of $762.86. The firm’s 50 day moving average is $722.27 and its two-hundred day moving average is $680.09.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Monday, September 21st were issued a $0.7514 dividend. The ex-dividend date of this dividend was Monday, September 21st. This is a negative change from Invesco QQQ’s previous quarterly dividend of $0.8135. This represents a $3.01 dividend on an annualized basis and a dividend yield of 0.5%.

Invesco QQQ News Summary

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

• Neutral Sentiment: QQQ’s RSI was reported in oversold territory, but technical indicators still showed a strong-sell signal; oversold conditions alone do not confirm a rebound. QQQ key support and resistance levels to watch
• Negative Sentiment: QQQ saw approximately $80 billion in trading as technology shares sold off. The unusually high activity highlights intense investor repositioning and selling pressure. Invesco QQQ Trust sees record trading volume amid tech selloff
• Negative Sentiment: Semiconductor stocks experienced their worst session since 2020, dragging down QQQ and other tech-heavy funds as investors retreated from AI and growth shares. QQQ and SMH sink as chip stocks have worst day since 2020
• Negative Sentiment: AMD’s sharp drop added to pressure on chip-focused ETFs and broader index funds, including portfolios with overlapping semiconductor exposure. AMD’s Double-Digit Drop Is Rippling Through Your Chip ETFs

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.