990 Invesco QQQ $QQQ Shares Sold by Forvis Mazars Wealth Advisors LLC

Forvis Mazars Wealth Advisors LLC cut its holdings in Invesco QQQ (NASDAQ:QQQ) by 8.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,124 shares of the exchange traded fund’s stock after selling 990 shares during the quarter. Forvis Mazars Wealth Advisors LLC’s holdings in Invesco QQQ were worth $7,490,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Corient Private Wealth LLC grew its holdings in shares of Invesco QQQ by 3,567.7% during the fourth quarter. Corient Private Wealth LLC now owns 21,436,917 shares of the exchange traded fund’s stock worth $13,168,912,000 after buying an additional 20,852,432 shares during the last quarter. Align Financial LLC acquired a new position in Invesco QQQ in the 4th quarter valued at about $78,118,000. GoalVest Advisory LLC raised its stake in Invesco QQQ by 20,256.6% during the 3rd quarter. GoalVest Advisory LLC now owns 613,955 shares of the exchange traded fund’s stock valued at $454,185,000 after acquiring an additional 610,939 shares during the last quarter. Corient Private Wealth LP raised its stake 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 valued at $401,553,000 after acquiring an additional 455,412 shares during the last quarter. Finally, Hsbc Holdings PLC raised its stake in Invesco QQQ by 337.6% during the 4th quarter. Hsbc Holdings PLC now owns 273,787 shares of the exchange traded fund’s stock valued at $168,945,000 after acquiring an additional 389,028 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 0.3%

Shares of QQQ stock traded down $2.47 during midday trading on Tuesday, hitting $743.57. The company had a trading volume of 28,559,609 shares, compared to its average volume of 47,895,773. The company’s 50 day simple moving average is $726.45 and its 200 day simple moving average is $701.01. Invesco QQQ has a 52-week low of $555.60 and a 52-week high of $762.86.

Invesco QQQ Cuts Dividend

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

Invesco QQQ News Roundup

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

• Positive Sentiment: Strength in major social-media stocks, including Meta, Snap and Reddit, provided support for QQQ’s communication-services exposure. Truist’s bullish $1,000 price target for Meta, tied to the potential of its Muse artificial-intelligence product, reinforced optimism around AI-driven growth. Social Media Stocks Rally as Truist Sets $1,000 Street-High Meta Target
• Positive Sentiment: Software stocks have staged a sharp recovery since April, highlighting continued investor appetite for growth and technology themes that are heavily represented in QQQ. Everyone Declared Software Dead in April
• Neutral Sentiment: A Columbus Day session featured lighter trading volume, which may be exaggerating intraday moves and makes the ETF’s direction less conclusive. Low Volume Marks Columbus Day Session
• Neutral Sentiment: Market commentary remains mixed: easing volatility, oil prices and bond yields have supported broader equities, while investors are preparing for CPI, PPI and third-quarter earnings reports. Volatilities Fall On Oil/Yield Reprieve
• Negative Sentiment: QQQ’s recent weakness reflects profit-taking and caution after a strong run, with investors questioning whether expensive technology and AI shares can sustain their growth rates ahead of earnings. QQQ ETF Remains Under Pressure on Tuesday
• Negative Sentiment: Rising AI capital-expenditure requirements, high valuations and bubble concerns remain risks for the Magnificent Seven and other heavily weighted QQQ holdings. Guide to Magnificent Seven ETF Investing

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.