Eclectic Associates Inc. ADV Sells 793 Shares of Invesco QQQ $QQQ

Eclectic Associates Inc. ADV trimmed its holdings in Invesco QQQ (NASDAQ:QQQ) by 23.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,653 shares of the exchange traded fund’s stock after selling 793 shares during the period. Eclectic Associates Inc. ADV’s holdings in Invesco QQQ were worth $1,963,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Heartwood Wealth Advisors LLC raised its holdings in shares of 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 worth $1,444,000 after acquiring an additional 14 shares during the last quarter. CAP Partners LLC boosted its stake in Invesco QQQ by 3.5% during the 1st quarter. CAP Partners LLC now owns 444 shares of the exchange traded fund’s stock valued at $256,000 after purchasing an additional 15 shares during the last quarter. Durante & Waters LLC boosted its stake in Invesco QQQ by 1.1% during the 1st quarter. Durante & Waters LLC now owns 1,425 shares of the exchange traded fund’s stock valued at $822,000 after purchasing an additional 15 shares during the last quarter. Roxbury Financial LLC increased its holdings in Invesco QQQ by 19.7% during the 2nd quarter. Roxbury Financial LLC now owns 91 shares of the exchange traded fund’s stock worth $67,000 after purchasing an additional 15 shares in the last quarter. Finally, GoalVest Advisory LLC increased its holdings in Invesco QQQ by 0.5% during the 2nd quarter. GoalVest Advisory LLC now owns 3,016 shares of the exchange traded fund’s stock worth $2,221,000 after purchasing an additional 15 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Key Invesco QQQ News

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

• Positive Sentiment: Nasdaq record highs, powered by AI-related stocks, continue to support technology and semiconductor ETFs, including QQQ. ETFs to Benefit as Nasdaq’s Breakthrough Still Matters
• Positive Sentiment: Winebrenner Capital Management increased its QQQ position by 738 shares, a modest indication of continued institutional demand. Winebrenner Capital Management LLC Buys 738 Shares of Invesco QQQ
• Neutral Sentiment: QQQ’s identical-index alternative from Invesco has a lower expense ratio, encouraging some buy-and-hold investors to direct new contributions toward the cheaper fund. This may pressure future flows into QQQ, although it does not change the ETF’s underlying holdings. Why Buy-and-Hold Investors Are Switching From QQQ to This Lower-Fee Alternative
• Negative Sentiment: Broad U.S. equities and exchange-traded funds weakened during Thursday trading, creating direct pressure on QQQ and other growth-oriented benchmarks. Exchange-Traded Funds Drop as US Equities Fall After Midday
• Negative Sentiment: Reports that Treasury yields could move materially higher, potentially toward 6% for the 10-year note, have increased the discount rate applied to long-duration technology stocks. Fed minutes also suggested policymakers may favor additional tightening. The 10-Year Treasury Yield May Be About To Hit 6%
• Negative Sentiment: Higher oil prices linked to Middle East tensions add inflation risk and could make it harder for the Federal Reserve to ease policy, weighing on richly valued Nasdaq constituents. Exchange-Traded Funds, Equity Futures Down Pre-Bell Thursday as Oil Prices Rise
• Negative Sentiment: Analysts raised concerns about an AI bubble, aggressive off-balance-sheet financing and an eventual AI capital-spending slowdown. Those risks threaten the valuation and earnings-growth expectations supporting many of QQQ’s largest holdings. AI: More Off-Balance Sheet Shenanigans

Invesco QQQ Stock Performance

QQQ stock opened at $747.58 on Friday. Invesco QQQ has a twelve month low of $555.60 and a twelve month high of $762.86. The stock’s 50 day moving average is $723.87 and its 200-day moving average is $697.62.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Monday, September 21st were given a $0.7514 dividend. This is a negative change from Invesco QQQ’s previous quarterly dividend of $0.8135. This represents a $3.01 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, September 21st.

Invesco QQQ Company 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.