Invesco QQQ $QQQ Stock Position Lessened by Worth Asset Management LLC

Worth Asset Management LLC lessened its position in shares of Invesco QQQ (NASDAQ:QQQ) by 70.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 4,872 shares of the exchange traded fund’s stock after selling 11,847 shares during the period. Invesco QQQ makes up about 1.1% of Worth Asset Management LLC’s portfolio, making the stock its 21st largest holding. Worth Asset Management LLC’s holdings in Invesco QQQ were worth $3,604,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of QQQ. Corient Private Wealth LLC grew its position in Invesco QQQ by 3,567.7% during the 4th quarter. Corient Private Wealth LLC now owns 21,436,917 shares of the exchange traded fund’s stock worth $13,168,912,000 after purchasing an additional 20,852,432 shares during the last quarter. Align Financial LLC acquired a new stake in shares of Invesco QQQ during the fourth quarter worth about $78,118,000. GoalVest Advisory LLC boosted its position in Invesco QQQ by 20,256.6% in the third quarter. GoalVest Advisory LLC now owns 613,955 shares of the exchange traded fund’s stock valued at $454,185,000 after buying an additional 610,939 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Invesco QQQ by 21.4% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,025,000 shares of the exchange traded fund’s stock worth $1,858,288,000 after buying an additional 534,000 shares during the period. Finally, Corient Private Wealth LP raised its position in Invesco QQQ by 506.8% during the 2nd quarter. Corient Private Wealth LP now owns 545,270 shares of the exchange traded fund’s stock worth $401,553,000 after buying an additional 455,412 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.3%

Shares of QQQ stock traded down $2.41 during trading hours on Wednesday, hitting $757.25. The company’s stock had a trading volume of 14,469,608 shares, compared to its average volume of 48,183,246. Invesco QQQ has a 12-month low of $555.60 and a 12-month high of $762.86. The company has a 50 day moving average of $720.67 and a 200 day moving average of $695.30.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Monday, September 21st will be paid a dividend of $0.7514 per share. This represents a $3.01 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Monday, September 21st. This is a decrease from Invesco QQQ’s previous quarterly dividend of $0.8135.

Key Invesco QQQ News

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

• Positive Sentiment: Technology stocks continued to lead the market, supporting QQQ’s exposure to major Nasdaq-100 constituents. A “risk-on” session and ongoing AI investment remain important catalysts. Markets Take Off As Tech Stocks Rally
• Positive Sentiment: QQQ’s more than 23% year-to-date gain reflects strong momentum in mega-cap technology, AI-related earnings expectations and investor preference for companies with structural growth. What’s Driving QQQ Higher
• Positive Sentiment: Analysts arguing that a U.S. recession is not imminent provide a favorable backdrop for cyclical technology spending, corporate profits and equity valuations. A U.S. Recession Still Isn’t Imminent
• Positive Sentiment: Some investors view AI exposure as a hedge against inflation and believe the technology can support earnings growth even if broader macroeconomic conditions remain uncertain. AI Is the New Inflation Hedge
• Neutral Sentiment: Weak employment data could eventually encourage easier Federal Reserve policy, which would benefit growth stocks, but commentary that the Fed may largely ignore the report limits the immediate bullish impact for QQQ. Employment Report
• Neutral Sentiment: Revised inflation data reportedly do not materially change the Fed’s policy challenge, leaving interest-rate expectations as a continuing source of volatility for high-growth technology stocks. Revised Inflation Data
• Neutral Sentiment: QQQ’s strong five-year performance compared with ARKK highlights the appeal of profitable mega-cap technology, although the comparison is affected by the selected measurement dates. Cathie Wood Discusses ARKK and QQQ
• Negative Sentiment: Recent commentary warns that the AI trade may be forming a bubble. Any disappointment in AI spending, earnings or monetization could trigger profit-taking across QQQ’s concentrated technology holdings. Pop Goes the AI Bubble?
• Negative Sentiment: The Nasdaq’s record levels and declining market breadth have raised concerns that gains are being driven by too few companies, increasing concentration and reversal risk for QQQ. Nasdaq at All-Time Highs
• Negative Sentiment: Credit-market warnings, rising yields and concerns about an increasingly irrational market could pressure richly valued growth stocks if risk appetite deteriorates. Credit Markets Signal a Reckoning

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.