Invesco QQQ $QQQ Stock Sold by Smith Chas P & Associates PA Cpas

Smith Chas P & Associates PA Cpas trimmed its stake in Invesco QQQ (NASDAQ:QQQ) by 3.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 75,437 shares of the exchange traded fund’s stock after selling 2,651 shares during the quarter. Invesco QQQ comprises 2.7% of Smith Chas P & Associates PA Cpas’ portfolio, making the stock its 13th largest position. Smith Chas P & Associates PA Cpas’ holdings in Invesco QQQ were worth $53,545,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. GoalVest Advisory LLC raised its stake in Invesco QQQ by 20,256.6% during the third quarter. GoalVest Advisory LLC now owns 613,955 shares of the exchange traded fund’s stock worth $454,185,000 after purchasing an additional 610,939 shares during the period. Corient Private Wealth LP boosted its holdings in shares of Invesco QQQ by 506.8% in 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 purchasing an additional 455,412 shares during the last quarter. Alaska Permanent Fund Corp purchased a new stake in shares of Invesco QQQ during the 2nd quarter valued at $207,072,000. Senator Investment Group LP purchased a new stake in shares of Invesco QQQ during the 2nd quarter valued at $157,221,000. Finally, Ascentis Wealth Management LLC grew its stake in shares of Invesco QQQ by 74,117.2% during the 2nd quarter. Ascentis Wealth Management LLC now owns 194,449 shares of the exchange traded fund’s stock valued at $143,192,000 after buying an additional 194,187 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

QQQ stock opened at $704.40 on Friday. The business has a fifty day simple moving average of $725.57 and a 200-day simple moving average of $708.07. Invesco QQQ has a 52 week low of $555.60 and a 52 week high of $762.86.

Invesco QQQ Cuts Dividend

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

More Invesco QQQ News

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

• Positive Sentiment: Technology stocks had recently led a Nasdaq rebound, supporting QQQ as investors continued to favor major growth companies and AI-related leaders. Technology Stocks Pop, Lead Nasdaq Higher
• Positive Sentiment: QQQ was described as inching higher during Friday’s session, suggesting some dip-buying and stabilization after recent technology-sector volatility. Here’s Why the Invesco QQQ Trust ETF Is Inching Higher Today, October 23
• Neutral Sentiment: The launch of Tuttle Capital’s QQDH, an actively managed ETF using Nasdaq-100 exposure and options strategies, increases the range of competing Nasdaq-focused products but does not directly change QQQ’s holdings or fundamentals. Tuttle Capital Launches QQDH
• Neutral Sentiment: Invesco’s new international-innovator ETF, QQI, may broaden the company’s product lineup, though its higher costs and lower liquidity make it more of a complementary product than a direct replacement for QQQ. Invesco Launches QQI
• Negative Sentiment: Pre-market weakness in equity ETFs and renewed worries that massive AI capital expenditures may not generate adequate returns pressured growth-oriented funds such as QQQ. ETFs and Futures Lower Amid AI Spending Concerns
• Negative Sentiment: A recent technology sell-off and rotation into defensive stocks highlighted investor caution toward elevated technology valuations. Higher interest rates and credit-market concerns also remain headwinds for QQQ’s long-duration growth holdings. Tech Sell-Off Leads to Defensive Stocks

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.