Invesco QQQ $QQQ Stock Sold by Retirement Planning Group LLC

Retirement Planning Group LLC reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 5.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,252 shares of the exchange traded fund’s stock after selling 2,383 shares during the period. Invesco QQQ comprises approximately 0.7% of Retirement Planning Group LLC’s holdings, making the stock its 20th biggest position. Retirement Planning Group LLC’s holdings in Invesco QQQ were worth $29,777,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Blue Zone Wealth Advisors LLC raised its position in shares of Invesco QQQ by 1.9% during the 3rd quarter. Blue Zone Wealth Advisors LLC now owns 59,674 shares of the exchange traded fund’s stock valued at $44,145,000 after acquiring an additional 1,127 shares in the last quarter. Sterling Investment Counsel LLC boosted its holdings in shares of Invesco QQQ by 4.8% in the 3rd quarter. Sterling Investment Counsel LLC now owns 2,336 shares of the exchange traded fund’s stock valued at $1,728,000 after buying an additional 106 shares during the period. Yarbrough Capital LLC grew its position in shares of Invesco QQQ by 4.4% during the 3rd quarter. Yarbrough Capital LLC now owns 150,806 shares of the exchange traded fund’s stock valued at $111,562,000 after buying an additional 6,308 shares during the last quarter. Fairvoy Private Wealth LLC grew its position in shares of Invesco QQQ by 0.4% during the 3rd quarter. Fairvoy Private Wealth LLC now owns 31,977 shares of the exchange traded fund’s stock valued at $23,655,000 after buying an additional 139 shares during the last quarter. Finally, Trellis Wealth Advisors LLC bought a new stake in shares of Invesco QQQ during the 3rd quarter valued at about $127,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.1%

QQQ opened at $717.63 on Wednesday. The company’s 50-day moving average price is $726.62 and its 200 day moving average price is $706.27. Invesco QQQ has a fifty-two week low of $555.60 and a fifty-two week high of $762.86.

Invesco QQQ Cuts Dividend

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

More Invesco QQQ News

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

• Positive Sentiment: Broad-market ETFs advanced after midday, suggesting improving risk appetite that could provide support for QQQ and its large-cap growth holdings. Exchange-Traded Funds Gain as US Equities Advance After Midday
• Positive Sentiment: Investors continued buying technology stocks on weakness, indicating that dip buyers remain active despite the recent volatility in the Nasdaq-100. Tech Investors Bought The Dips
• Positive Sentiment: Invesco QQQ recently added NVIDIA and Apple, reinforcing exposure to two major technology leaders that can benefit if AI investment and growth-stock demand remain strong. Invesco QQQ Adds NVIDIA and Apple on Oct. 15
• Positive Sentiment: QQQ attracted approximately $1.66 billion in inflows, highlighting continued investor demand for Nasdaq-100 exposure despite concerns about fees and valuation. QQQ Pulled In $1.66 Billion
• Neutral Sentiment: Elevated inflation and faster growth expectations are creating uncertainty over future interest-rate policy. Higher rates could pressure growth-stock valuations, although stronger economic activity may support earnings. GDP Nowcasts Point To Faster Growth As Inflation Risks Mount
• Negative Sentiment: Several market commentaries warned that AI enthusiasm, high valuations and weakening credit conditions could produce a broader technology selloff. These concerns are particularly relevant to QQQ because of its heavy exposure to AI-linked mega-cap stocks. The S&P 500 Mirage
• Negative Sentiment: Recent weakness in technology and fears that the AI boom could end like previous market bubbles are weighing on investor confidence and limiting upside for QQQ today. All Booms End In A Bust – The AI Boom Is Likely No Different

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.