793 Invesco QQQ $QQQ Shares Sold by Eclectic Associates Inc. ADV

Eclectic Associates Inc. ADV lessened its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 23.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,653 shares of the exchange traded fund’s stock after selling 793 shares during the period. Eclectic Associates Inc. ADV’s holdings in Invesco QQQ were worth $1,963,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in QQQ. Heartwood Wealth Advisors LLC lifted its position in Invesco QQQ by 0.7% during the 3rd quarter. Heartwood Wealth Advisors LLC now owns 1,952 shares of the exchange traded fund’s stock worth $1,444,000 after buying an additional 14 shares in the last quarter. CAP Partners LLC lifted its position in shares of Invesco QQQ by 3.5% in the first quarter. CAP Partners LLC now owns 444 shares of the exchange traded fund’s stock valued at $256,000 after buying an additional 15 shares during the last quarter. Durante & Waters LLC boosted its stake in Invesco QQQ by 1.1% in the 1st quarter. Durante & Waters LLC now owns 1,425 shares of the exchange traded fund’s stock valued at $822,000 after purchasing an additional 15 shares during the period. 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 acquiring an additional 15 shares in the last quarter. Finally, GoalVest Advisory LLC grew its holdings in shares of Invesco QQQ by 0.5% during the 2nd quarter. GoalVest Advisory LLC now owns 3,016 shares of the exchange traded fund’s stock valued at $2,221,000 after purchasing an additional 15 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Key Invesco QQQ News

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

• Positive Sentiment: Nasdaq record highs, powered by AI-related stocks, continue to support technology and semiconductor ETFs, including QQQ. ETFs to Benefit as Nasdaq’s Breakthrough Still Matters
• Positive Sentiment: Winebrenner Capital Management increased its QQQ position by 738 shares, a modest indication of continued institutional demand. Winebrenner Capital Management LLC Buys 738 Shares of Invesco QQQ
• Neutral Sentiment: QQQ’s identical-index alternative from Invesco has a lower expense ratio, encouraging some buy-and-hold investors to direct new contributions toward the cheaper fund. This may pressure future flows into QQQ, although it does not change the ETF’s underlying holdings. Why Buy-and-Hold Investors Are Switching From QQQ to This Lower-Fee Alternative
• Negative Sentiment: Broad U.S. equities and exchange-traded funds weakened during Thursday trading, creating direct pressure on QQQ and other growth-oriented benchmarks. Exchange-Traded Funds Drop as US Equities Fall After Midday
• Negative Sentiment: Reports that Treasury yields could move materially higher, potentially toward 6% for the 10-year note, have increased the discount rate applied to long-duration technology stocks. Fed minutes also suggested policymakers may favor additional tightening. The 10-Year Treasury Yield May Be About To Hit 6%
• Negative Sentiment: Higher oil prices linked to Middle East tensions add inflation risk and could make it harder for the Federal Reserve to ease policy, weighing on richly valued Nasdaq constituents. Exchange-Traded Funds, Equity Futures Down Pre-Bell Thursday as Oil Prices Rise
• Negative Sentiment: Analysts raised concerns about an AI bubble, aggressive off-balance-sheet financing and an eventual AI capital-spending slowdown. Those risks threaten the valuation and earnings-growth expectations supporting many of QQQ’s largest holdings. AI: More Off-Balance Sheet Shenanigans

Invesco QQQ Price Performance

QQQ opened at $747.58 on Friday. The company’s 50 day moving average price is $723.87 and its two-hundred day moving average price is $697.62. 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 disclosed a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Monday, September 21st were paid a $0.7514 dividend. The ex-dividend date was Monday, September 21st. This represents a $3.01 annualized dividend and a dividend yield of 0.4%. This is a decrease from Invesco QQQ’s previous quarterly dividend of $0.8135.

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.