Fulcrum Asset Management LLP Purchases New Stake in Invesco QQQ $QQQ

Fulcrum Asset Management LLP acquired a new position in shares of Invesco QQQ (NASDAQ:QQQ) during the third quarter, HoldingsChannel.com reports. The firm acquired 1,266 shares of the exchange traded fund’s stock, valued at approximately $934,000.

Several other large investors also recently added to or reduced their stakes in QQQ. Griffith & Werner Inc. purchased a new stake in Invesco QQQ in the 3rd quarter valued at $1,177,000. Burton Enright Welch raised its holdings in shares of Invesco QQQ by 316.9% during the 3rd quarter. Burton Enright Welch now owns 2,518 shares of the exchange traded fund’s stock worth $1,863,000 after acquiring an additional 1,914 shares during the period. Journey Beyond Wealth LLC purchased a new position in shares of Invesco QQQ during the 3rd quarter worth $213,000. RHL Group LLC raised its holdings in shares of Invesco QQQ by 202.7% during the 3rd quarter. RHL Group LLC now owns 14,361 shares of the exchange traded fund’s stock worth $10,624,000 after acquiring an additional 9,616 shares during the period. Finally, Avion Wealth boosted its position in shares of Invesco QQQ by 3.3% during the 3rd quarter. Avion Wealth now owns 773 shares of the exchange traded fund’s stock valued at $571,000 after acquiring an additional 25 shares during the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Recent Invesco QQQ Headlines

These are some of the QQQ headlines that stood out recently:

• Positive Sentiment: Some commentary argues the AI rally may be back on track, and CoreWeave’s earnings reportedly eased concerns about AI spending. That may support QQQ’s large technology and AI-related holdings. 5 Bullish Signs the AI Rally is Back on Track
• Negative Sentiment: Reports of Nvidia CEO Jensen Huang’s departure triggered a selloff in Nvidia shares, creating a headwind for QQQ because of the fund’s exposure to the chipmaker. Jensen Huang Is Out: Here’s How Much Nvidia’s Selloff Cost a $10,000 QQQ Position
• Negative Sentiment: Hot inflation and the possibility of tighter Federal Reserve policy could pressure growth-stock valuations, a risk for QQQ’s technology-heavy portfolio. CPI Pushes Rate Hike Odds to About 100%

Invesco QQQ Price Performance

Shares of QQQ stock opened at $688.17 on Friday. Invesco QQQ has a twelve month low of $555.60 and a twelve month high of $762.86. The company’s 50-day moving average price is $718.62 and its 200-day moving average price is $681.57.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Monday, September 21st were paid a dividend of $0.7514 per share. 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. The ex-dividend date of this dividend was Monday, September 21st.

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.