Invesco QQQ $QQQ Stock Sold by Private Wealth Partners LLC

Private Wealth Partners LLC reduced its holdings in Invesco QQQ (NASDAQ:QQQ) by 5.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,163 shares of the exchange traded fund’s stock after selling 1,387 shares during the quarter. Invesco QQQ comprises 1.3% of Private Wealth Partners LLC’s investment portfolio, making the stock its 19th biggest holding. Private Wealth Partners LLC’s holdings in Invesco QQQ were worth $19,355,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of QQQ. High Point Wealth Management LLC raised its position in Invesco QQQ by 68.0% in the second quarter. High Point Wealth Management LLC now owns 42 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 17 shares in the last quarter. Parvin Asset Management LLC acquired a new stake in Invesco QQQ in the first quarter valued at $28,000. Financial Management Professionals Inc. boosted its position in shares of Invesco QQQ by 83.3% during the 2nd quarter. Financial Management Professionals Inc. now owns 55 shares of the exchange traded fund’s stock worth $41,000 after purchasing an additional 25 shares in the last quarter. Bullseye Investment Management LLC purchased a new stake in shares of Invesco QQQ during the 2nd quarter worth $44,000. Finally, Roxbury Financial LLC boosted its position in shares of 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. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 0.0%

NASDAQ:QQQ opened at $704.40 on Friday. Invesco QQQ has a fifty-two week low of $555.60 and a fifty-two week high of $762.86. The firm’s fifty day simple moving average is $725.57 and its 200-day simple moving average is $708.07.

Invesco QQQ Cuts Dividend

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

Invesco QQQ News Summary

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

About Invesco QQQ

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.