Invesco QQQ $QQQ Holdings Lifted by Westside Investment Management Inc.

Westside Investment Management Inc. grew its stake in Invesco QQQ (NASDAQ:QQQ) by 2.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 31,540 shares of the exchange traded fund’s stock after buying an additional 787 shares during the quarter. Invesco QQQ accounts for 2.9% of Westside Investment Management Inc.’s holdings, making the stock its 4th biggest position. Westside Investment Management Inc.’s holdings in Invesco QQQ were worth $23,348,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in QQQ. Heartwood Wealth Advisors LLC lifted its position in 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 acquiring an additional 14 shares in the last quarter. Sherman Wealth Management LLC boosted its stake in shares of 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 buying an additional 14 shares during the last quarter. Heritage Wealth Management Inc. grew its holdings in shares of Invesco QQQ by 1.1% in the 3rd quarter. Heritage Wealth Management Inc. now owns 1,328 shares of the exchange traded fund’s stock valued at $983,000 after acquiring an additional 14 shares in the last quarter. Royal Harbor Partners LLC grew its stake 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 purchasing an additional 14 shares in the last quarter. Finally, CAP Partners LLC grew its stake in shares of 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 in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $647.05 on Friday. The company’s 50-day moving average is $722.27 and its 200-day moving average is $680.09. Invesco QQQ has a fifty-two week low of $555.60 and a fifty-two week high of $762.86.

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 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

About Invesco QQQ

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.