Invesco QQQ stock price today: up 0.9% during mid-day trading

Invesco QQQ stock price rose 0.9% during mid-day trading on Wednesday, the company traded as high as $522.10 and last traded at $521.52.

Invesco QQQ Reduces Dividend

Invesco QQQ recently announced a quarterly dividend, which was distributed on Thursday, October 31st. Shareholders of record as of Monday, September 23rd, received a dividend of $0.677. The ex-dividend date was also set for Monday, September 23rd. This equates to an annualized dividend of $2.71 and a dividend yield of 0.52%.

Significant Changes in QQQ Holdings by Major Investors

Several large investors have recently adjusted their positions in Invesco QQQ. Mechanics Financial Corp established a new position in the ETF during the second quarter, investing approximately $30,000. CGC Financial Services LLC significantly increased its stake by 736.4% in the same quarter, now owning 92 shares valued at $44,000 after acquiring an additional 81 shares.

PFG Private Wealth Management LLC also raised its stake by 572.2% during the second quarter, bringing its total to 121 shares worth $58,000 after adding 103 shares. In the third quarter, Legacy Bridge LLC increased its holdings by 60.0%, now owning 120 shares valued at $59,000 after acquiring 45 more shares.

Additionally, BNP Paribas purchased a new position in QQQ during the third quarter, investing approximately $62,000. Currently, institutional investors hold 44.58% of the stock.

Invesco QQQ Company Profile

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities known as Nasdaq-100 Index Tracking Stock. The Trust aims to deliver investment results that closely align with the price and yield performance of the Nasdaq-100 Index.

Investors can purchase units of beneficial interest in the Trust, which represent proportionate, undivided interests in the portfolio of securities held by the Trust. This portfolio includes nearly all the securities that make up the Nasdaq-100 Index, maintaining similar weightings to those component securities.

Analysis of QQQ Stock: The invesco QQQ trust ETF

QQQ stock price analysis: The Nasdaq-100 Index includes the 100 largest non-financial companies listed on the Nasdaq stock exchange, making QQQ a popular choice for investors looking for exposure to growth-oriented, technology-focused stocks.

Since its inception in 1999, QQQ has established itself as one of the most liquid and widely traded ETFs available. It is commonly referred to as a "technology fund" due to its substantial allocation to major tech companies.

QQQ is not primarily intended as a dividend-paying ETF, but it does offer modest payouts to investors. The fund distributes dividends quarterly, based on the dividends received from the underlying stocks in the Nasdaq-100.

Dividend Yield: As of 2024, QQQ's dividend yield is approximately 0.8% to 1.0%, which is significantly lower than that of high-dividend ETFs or income-focused stocks.

Dividend Growth: Although dividend payments are not the primary focus, QQQ has seen some growth in its payouts over the years, reflecting the increasing profitability of its constituent companies.

Investors who prioritize income may find the dividend yield less appealing, but QQQ is more attractive to those focused on capital appreciation, driven by the growth potential of its holdings.

Portfolio Composition: The 10 Largest Holdings in QQQ

QQQ's holdings are predominantly concentrated in the technology sector, with additional allocations to industries such as healthcare and consumer discretionary. As of 2024, the ETF's ten largest holdings constitute a substantial portion of its overall value.

Top 10 Holdings (with Approximate Weightings):
1. Apple Inc. (AAPL) – ~11.9%
2. Microsoft Corp. (MSFT) – ~9.7%
3. Amazon.com Inc. (AMZN) – ~5.6%
4. NVIDIA Corp. (NVDA) – ~4.9%
5. Tesla Inc. (TSLA) – ~4.2%
6. Alphabet Inc. Class A (GOOGL) – ~3.8%
7. Alphabet Inc. Class C (GOOG) – ~3.7%
8. Meta Platforms Inc. (META) – ~3.5%
9. Broadcom Inc. (AVGO) – ~3.2%
10. PepsiCo Inc. (PEP) – ~2.5%

These companies dominate the fund due to QQQ's market-cap-weighted structure, where larger firms account for a greater share of the portfolio.

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Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice.