Invesco QQQ $QQQ Stock Sold by Forvis Mazars Wealth Advisors LLC

Forvis Mazars Wealth Advisors LLC decreased its position in Invesco QQQ (NASDAQ:QQQ) by 8.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,124 shares of the exchange traded fund’s stock after selling 990 shares during the quarter. Forvis Mazars Wealth Advisors LLC’s holdings in Invesco QQQ were worth $7,490,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in QQQ. Accel Wealth Management grew its position in shares of Invesco QQQ by 10.5% during the third quarter. Accel Wealth Management now owns 11,337 shares of the exchange traded fund’s stock worth $8,386,000 after buying an additional 1,078 shares in the last quarter. Salvus Wealth Management LLC raised its holdings in Invesco QQQ by 40.4% in the third quarter. Salvus Wealth Management LLC now owns 719 shares of the exchange traded fund’s stock valued at $532,000 after acquiring an additional 207 shares in the last quarter. Downshift Financial LLC raised its holdings in Invesco QQQ by 7.6% in the third quarter. Downshift Financial LLC now owns 640 shares of the exchange traded fund’s stock valued at $473,000 after acquiring an additional 45 shares in the last quarter. Thor Investment Management Inc. OH ADV acquired a new stake in Invesco QQQ in the third quarter valued at approximately $222,000. Finally, Financial Futures Ltd Liability Co. lifted its stake in Invesco QQQ by 1.0% in the third quarter. Financial Futures Ltd Liability Co. now owns 3,448 shares of the exchange traded fund’s stock worth $2,551,000 after acquiring an additional 34 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 0.3%

Shares of NASDAQ:QQQ traded down $2.47 on Tuesday, hitting $743.57. 28,559,609 shares of the company’s stock were exchanged, compared to its average volume of 47,895,773. The firm’s 50-day moving average is $726.45 and its 200 day moving average is $701.01. Invesco QQQ has a 1-year low of $555.60 and a 1-year high of $762.86.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Monday, September 21st were given a $0.7514 dividend. 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. This represents a $3.01 dividend on an annualized basis and a dividend yield of 0.4%.

Trending Headlines about Invesco QQQ

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

• Positive Sentiment: Strength in major social-media stocks, including Meta, Snap and Reddit, provided support for QQQ’s communication-services exposure. Truist’s bullish $1,000 price target for Meta, tied to the potential of its Muse artificial-intelligence product, reinforced optimism around AI-driven growth. Social Media Stocks Rally as Truist Sets $1,000 Street-High Meta Target
• Positive Sentiment: Software stocks have staged a sharp recovery since April, highlighting continued investor appetite for growth and technology themes that are heavily represented in QQQ. Everyone Declared Software Dead in April
• Neutral Sentiment: A Columbus Day session featured lighter trading volume, which may be exaggerating intraday moves and makes the ETF’s direction less conclusive. Low Volume Marks Columbus Day Session
• Neutral Sentiment: Market commentary remains mixed: easing volatility, oil prices and bond yields have supported broader equities, while investors are preparing for CPI, PPI and third-quarter earnings reports. Volatilities Fall On Oil/Yield Reprieve
• Negative Sentiment: QQQ’s recent weakness reflects profit-taking and caution after a strong run, with investors questioning whether expensive technology and AI shares can sustain their growth rates ahead of earnings. QQQ ETF Remains Under Pressure on Tuesday
• Negative Sentiment: Rising AI capital-expenditure requirements, high valuations and bubble concerns remain risks for the Magnificent Seven and other heavily weighted QQQ holdings. Guide to Magnificent Seven ETF Investing

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.