Invesco QQQ $QQQ Stock Purchased by Csenge Advisory Group

Csenge Advisory Group lifted its holdings in Invesco QQQ (NASDAQ:QQQ) by 1.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 129,394 shares of the exchange traded fund’s stock after acquiring an additional 1,657 shares during the quarter. Invesco QQQ comprises approximately 3.7% of Csenge Advisory Group’s holdings, making the stock its 4th biggest position. Csenge Advisory Group’s holdings in Invesco QQQ were worth $95,722,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Parvin Asset Management LLC bought a new stake in Invesco QQQ during the first quarter worth $28,000. High Point Wealth Management LLC boosted its position 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 worth $31,000 after purchasing an additional 17 shares during the last quarter. Financial Management Professionals Inc. boosted its position in Invesco QQQ by 83.3% in 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 last quarter. CrossGen Wealth LLC grew its stake in Invesco QQQ by 44.7% in 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 during the period. Finally, Bullseye Investment Management LLC bought a new position in Invesco QQQ in the 2nd quarter valued at $44,000. 44.58% of the stock is owned by institutional investors.

Key Stories Impacting Invesco QQQ

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

• Positive Sentiment: The Nasdaq-100 had recently posted its strongest session since March, with chip stocks leading a broad rebound. That recovery offers support if buyers return, though it has not prevented the latest pullback. The Nasdaq-100 Just Had Its Best Day Since March Without Nvidia’s Help
• Neutral Sentiment: QQQ’s underlying index rallied in the prior session, but coverage cautioned that key technical levels will determine whether the move marks a durable rebound or a short-lived bounce. Invesco QQQ Trust ETF Is Falling Today — Here’s Why
• Negative Sentiment: U.S. equities fell after midday, weighing on broad-market ETFs and QQQ. Exchange-Traded Funds Lower as US Equities Decline After Midday
• Negative Sentiment: Hot October inflation and resilient employment data have prompted discussion of a possible December Fed rate hike. Higher-rate expectations can pressure growth and technology shares, which carry substantial weight in QQQ. Hot October CPI Prompts Chatter of a Jumbo December Fed Rate Hike

Invesco QQQ Stock Down 0.7%

Shares of Invesco QQQ stock opened at $674.76 on Wednesday. Invesco QQQ has a 1 year low of $555.60 and a 1 year high of $762.86. The stock has a fifty day moving average price of $719.39 and a 200-day moving average price of $680.92.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Monday, September 21st were issued a $0.7514 dividend. This is a decrease from Invesco QQQ’s previous quarterly dividend of $0.8135. The ex-dividend date of this dividend was Monday, September 21st. This represents a $3.01 dividend on an annualized basis and a dividend yield of 0.4%.

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.