WealthBridge Capital Management LLC Buys 953 Shares of Invesco QQQ $QQQ

by · The Cerbat Gem

WealthBridge Capital Management LLC grew its position in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 3.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 31,217 shares of the exchange traded fund’s stock after acquiring an additional 953 shares during the quarter. Invesco QQQ makes up 4.7% of WealthBridge Capital Management LLC’s holdings, making the stock its 4th largest holding. WealthBridge Capital Management LLC’s holdings in Invesco QQQ were worth $23,093,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of QQQ. IFC & Insurance Marketing Inc. boosted its stake in shares of Invesco QQQ by 12.4% in the 3rd quarter. IFC & Insurance Marketing Inc. now owns 1,616 shares of the exchange traded fund’s stock worth $1,195,000 after buying an additional 178 shares during the last quarter. Peddock Capital Advisors LLC increased its position in Invesco QQQ by 1.6% during the third quarter. Peddock Capital Advisors LLC now owns 7,015 shares of the exchange traded fund’s stock valued at $5,190,000 after acquiring an additional 110 shares during the last quarter. Opal Wealth Advisors LLC increased its position in Invesco QQQ by 17.3% during the third quarter. Opal Wealth Advisors LLC now owns 1,294 shares of the exchange traded fund’s stock valued at $957,000 after acquiring an additional 191 shares during the last quarter. ARS Wealth Advisors Group LLC increased its position in Invesco QQQ by 4.8% during the third quarter. ARS Wealth Advisors Group LLC now owns 1,828 shares of the exchange traded fund’s stock valued at $1,353,000 after acquiring an additional 84 shares during the last quarter. Finally, Banque Pictet & Cie SA lifted its holdings in Invesco QQQ by 6.2% in the third quarter. Banque Pictet & Cie SA now owns 160,318 shares of the exchange traded fund’s stock valued at $118,134,000 after acquiring an additional 9,356 shares during the period. 44.58% of the stock is owned by institutional investors.

Key Headlines Impacting Invesco QQQ

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

  • Positive Sentiment: Some analysts argue that the recent market washout could set the stage for a year-end rally, while a recession is not yet viewed as the base case. This provides a potential recovery catalyst for QQQ’s growth-oriented holdings. Why This Market Washout Will Spark a Year-End Rally
  • Positive Sentiment: September inflation was elevated, but commentary continues to suggest that an October Federal Reserve rate hike is unlikely. Avoiding an immediate rate increase could support valuations for technology shares. September CPI: Sticky Inflation, But An October Hike Remains Unlikely
  • Neutral Sentiment: QQQ reportedly sold NVIDIA and Apple shares on October 14. The transactions may reflect routine index rebalancing or portfolio-weight changes, but they highlight the fund’s sensitivity to movements in its largest technology holdings. Invesco QQQ Trust Sells NVIDIA and Apple
  • Neutral Sentiment: QQQ excludes banks and other financial companies because the Nasdaq-100 prohibits financial firms. That creates concentrated exposure to technology and communications stocks, rather than providing broad-sector diversification. Invesco QQQ Doesn’t Own a Single Bank
  • Negative Sentiment: U.S. equities and exchange-traded funds weakened during the session, following a sharp overseas selloff. Because QQQ tracks large Nasdaq-listed companies, broad risk reduction is directly pressuring the fund. Exchange-Traded Funds Drop as US Equities Fall
  • Negative Sentiment: Investor concerns include a potential liquidity drain, rising Treasury yields, midterm-election volatility, and an AI-related credit squeeze. These factors can weigh disproportionately on QQQ’s high-valuation growth holdings. A Massive Liquidity Drain Is About To Hit The Market
  • Negative Sentiment: Analysts are warning that AI enthusiasm may represent several bubbles vulnerable to bursting. A correction in AI leaders such as NVIDIA could have an outsized impact on QQQ. AI Bubble: Three Bubbles Ready to Burst
  • Negative Sentiment: QQQ’s failed breakout, weak market breadth, and rotation into utilities, consumer staples, and energy suggest that investors are moving away from growth and technology stocks. Failed Breakout in Tech

Invesco QQQ Price Performance

QQQ stock opened at $709.80 on Friday. The business’s 50-day moving average is $726.69 and its two-hundred day moving average is $703.31. 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 declared a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Monday, September 21st were given a dividend of $0.7514 per share. This represents a $3.01 annualized dividend and a dividend yield of 0.4%. 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.

Invesco QQQ Profile

(Free Report)

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.

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