Griffith & Werner Inc. Makes New Investment in Invesco QQQ $QQQ

Griffith & Werner Inc. purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,591 shares of the exchange traded fund’s stock, valued at approximately $1,177,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Heartwood Wealth Advisors LLC lifted its stake in shares of Invesco QQQ by 0.7% in the 3rd quarter. Heartwood Wealth Advisors LLC now owns 1,952 shares of the exchange traded fund’s stock valued at $1,444,000 after purchasing an additional 14 shares in the last quarter. Sherman Wealth Management LLC increased its position in Invesco QQQ by 0.8% during the 3rd quarter. Sherman Wealth Management LLC now owns 1,702 shares of the exchange traded fund’s stock worth $1,259,000 after purchasing an additional 14 shares in the last quarter. Heritage Wealth Management Inc. raised its holdings in Invesco QQQ by 1.1% in the third quarter. Heritage Wealth Management Inc. now owns 1,328 shares of the exchange traded fund’s stock valued at $983,000 after buying an additional 14 shares during the period. Royal Harbor Partners LLC raised its holdings in Invesco QQQ by 4.6% in the third quarter. Royal Harbor Partners LLC now owns 318 shares of the exchange traded fund’s stock valued at $235,000 after buying an additional 14 shares during the period. Finally, CAP Partners LLC raised its holdings in Invesco QQQ by 3.5% in the first quarter. CAP Partners LLC now owns 444 shares of the exchange traded fund’s stock valued at $256,000 after buying an additional 15 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of QQQ stock opened at $656.10 on Monday. Invesco QQQ has a fifty-two week low of $555.60 and a fifty-two week high of $762.86. The firm’s 50 day moving average price is $720.97 and its two-hundred day moving average price is $680.33.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Stockholders 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 annualized dividend and a dividend yield of 0.5%.

Invesco QQQ News Summary

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

• Positive Sentiment: QQQ rose as several technology stocks recovered, helping lift the Nasdaq-100. Why Is Invesco QQQ Trust Rising Today, Nov. 6?
• Positive Sentiment: Broad U.S. equity ETFs advanced after midday, providing a supportive market backdrop for QQQ. Exchange-Traded Funds Higher as US Equities Advance After Midday
• Positive Sentiment: QQQ added to its Apple and NVIDIA positions on Nov. 4, increasing exposure to two major index constituents, though the fund’s purchases are not a separate earnings catalyst. INVESCO QQQ (QQQ) Adds Apple and NVIDIA on Nov. 4
• Neutral Sentiment: October job growth exceeded expectations. A resilient economy may support company demand, but it could also keep interest rates higher, a potential headwind for growth-stock valuations. Exchange-Traded Funds Higher, Equity Futures Mixed as US October Jobs Rise More than Expected
• Negative Sentiment: Recent selling in AI and semiconductor stocks remains a risk for QQQ, given the index’s substantial technology exposure. QQQ and SMH sink as chip stocks have worst day since 2020
• Negative Sentiment: Ongoing concerns about AI-sector volatility and broader market headwinds could make the rebound fragile. Q4 QQQ Roadmap: Navigating AI Turbulence & Market Headwinds

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.