Madrona Financial Services LLC Sells 9,328 Shares of Invesco QQQ $QQQ

Madrona Financial Services LLC lessened its position in Invesco QQQ (NASDAQ:QQQ) by 14.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,721 shares of the exchange traded fund’s stock after selling 9,328 shares during the quarter. Invesco QQQ comprises about 6.3% of Madrona Financial Services LLC’s investment portfolio, making the stock its 2nd biggest position. Madrona Financial Services LLC’s holdings in Invesco QQQ were worth $40,481,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Carolina Wealth Advisors LLC bought a new position in Invesco QQQ in the 3rd quarter worth approximately $67,000. NTV Asset Management LLC lifted its holdings in shares of Invesco QQQ by 1.6% during the third quarter. NTV Asset Management LLC now owns 78,841 shares of the exchange traded fund’s stock worth $58,325,000 after buying an additional 1,231 shares during the last quarter. Sowell Financial Services LLC lifted its holdings in shares of Invesco QQQ by 1.2% during the third quarter. Sowell Financial Services LLC now owns 123,436 shares of the exchange traded fund’s stock worth $91,314,000 after buying an additional 1,462 shares during the last quarter. Lantern Wealth Advisors LLC boosted its position in shares of Invesco QQQ by 15.8% in the third quarter. Lantern Wealth Advisors LLC now owns 827 shares of the exchange traded fund’s stock valued at $612,000 after acquiring an additional 113 shares during the period. Finally, Murphy Pohlad Asset Management LLC bought a new stake in shares of Invesco QQQ in the third quarter valued at approximately $284,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ opened at $704.40 on Monday. The business has a 50 day moving average of $725.57 and a 200-day moving average of $708.91. Invesco QQQ has a 1-year low of $555.60 and a 1-year high of $762.86.

Invesco QQQ Cuts Dividend

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

Invesco QQQ News Roundup

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.