814 Invesco QQQ $QQQ Shares Bought by Merrithew & Thorsten Inc

Merrithew & Thorsten Inc grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 2.9% during the third quarter, Holdings Channel reports. The firm owned 28,956 shares of the exchange traded fund’s stock after purchasing an additional 814 shares during the quarter. Invesco QQQ comprises about 19.7% of Merrithew & Thorsten Inc’s holdings, making the stock its 2nd largest position. Merrithew & Thorsten Inc’s holdings in Invesco QQQ were worth $21,421,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. ODonnell Financial Services LLC grew its stake in shares of Invesco QQQ by 0.9% in the third quarter. ODonnell Financial Services LLC now owns 1,810 shares of the exchange traded fund’s stock worth $1,339,000 after acquiring an additional 17 shares in the last quarter. Everest Financial Group LLC raised its stake in shares of Invesco QQQ by 25.3% in the third quarter. Everest Financial Group LLC now owns 1,758 shares of the exchange traded fund’s stock valued at $1,301,000 after acquiring an additional 355 shares in the last quarter. Werba Rubin Papier Wealth Management raised its stake in shares of Invesco QQQ by 2.1% in the third quarter. Werba Rubin Papier Wealth Management now owns 2,089 shares of the exchange traded fund’s stock valued at $1,545,000 after acquiring an additional 43 shares in the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. raised its stake in shares of Invesco QQQ by 64.2% in the third quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 261 shares of the exchange traded fund’s stock valued at $193,000 after acquiring an additional 102 shares in the last quarter. Finally, Fifth Third Bancorp boosted its holdings in Invesco QQQ by 9.6% in the third quarter. Fifth Third Bancorp now owns 164,498 shares of the exchange traded fund’s stock valued at $121,690,000 after purchasing an additional 14,377 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.3%

NASDAQ:QQQ opened at $688.17 on Friday. Invesco QQQ has a 12-month low of $555.60 and a 12-month high of $762.86. The stock has a fifty day moving average price of $718.62 and a 200 day moving average price of $681.57.

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 given a $0.7514 dividend. The ex-dividend date of this dividend was Monday, September 21st. This represents a $3.01 dividend on an annualized basis and a yield of 0.4%. This is a decrease from Invesco QQQ’s previous quarterly dividend of $0.8135.

Top Invesco QQQ Stories

These are some of the QQQ stories 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
• Neutral Sentiment: QQQ was described as relatively resilient amid Nvidia-related selling. Its diversified Nasdaq-100 exposure can cushion the impact of weakness in an individual holding, though Nvidia remains influential. Invesco QQQ Trust ETF Resists Pressure as Nvidia’s CEO Resigns
• 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

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.