1,482 Invesco QQQ $QQQ Shares Sold by Innova Wealth Partners

Innova Wealth Partners lowered its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 23.7% during the third quarter, HoldingsChannel reports. The firm owned 4,762 shares of the exchange traded fund’s stock after selling 1,482 shares during the quarter. Invesco QQQ comprises 1.4% of Innova Wealth Partners’ holdings, making the stock its 22nd largest holding. Innova Wealth Partners’ holdings in Invesco QQQ were worth $3,523,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Physician Wealth Advisors Inc. raised its position in Invesco QQQ by 3.4% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 4,788 shares of the exchange traded fund’s stock valued at $3,542,000 after buying an additional 157 shares during the last quarter. Carnegie Investment Counsel raised its position in Invesco QQQ by 0.3% during the third quarter. Carnegie Investment Counsel now owns 18,740 shares of the exchange traded fund’s stock worth $13,863,000 after acquiring an additional 48 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Invesco QQQ by 10.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 153,385 shares of the exchange traded fund’s stock valued at $113,561,000 after purchasing an additional 14,693 shares during the period. Taylor Securities Services Inc. raised its stake in Invesco QQQ by 4.4% in the third quarter. Taylor Securities Services Inc. now owns 3,706 shares of the exchange traded fund’s stock valued at $2,742,000 after buying an additional 156 shares during the period. Finally, Capital Management Associates Inc raised its stake in Invesco QQQ by 0.9% in the 3rd quarter. Capital Management Associates Inc now owns 39,842 shares of the exchange traded fund’s stock valued at $29,474,000 after acquiring an additional 374 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $725.20 on Thursday. The firm has a 50-day moving average of $726.65 and a 200-day moving average of $707.26. Invesco QQQ has a 52-week low of $555.60 and a 52-week high of $762.86.

Invesco QQQ Cuts Dividend

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

More Invesco QQQ News

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

• Positive Sentiment: QQQ’s exposure to NVIDIA is a key potential support, with the semiconductor giant identified as the leading purchase in recent fund activity. Continued investor demand for AI infrastructure stocks could lift the ETF. What Invesco QQQ Bought: NVIDIA Leads on Oct. 19
• Positive Sentiment: Technology futures rose, supporting QQQ, as strong results from SpaceX boosted enthusiasm for growth and technology shares. Upcoming Meta and Tesla earnings could provide additional catalysts because both companies are major Nasdaq-100 holdings. Stock Market Today: Tech Futures Rise With SpaceX Earnings
• Positive Sentiment: Broad U.S. equities advanced in midday trading, indicating that buying interest extended beyond a narrow group of technology names and provided a supportive backdrop for QQQ. Exchange-Traded Funds Gain as US Equities Advance After Midday
• Neutral Sentiment: Recent reports describe choppy trading and an uneven market response to higher rates. This leaves QQQ sensitive to bond yields: stable or falling yields would help, while further rate increases could pressure its growth-oriented holdings. Market’s Uneven Response To Higher Rates
• Negative Sentiment: Several commentaries warn that AI valuations may represent a bubble or the late stage of a boom. Such concerns could trigger profit-taking in highly valued QQQ constituents, particularly AI-related chip and cloud companies. Ken Griffin: There Are “Almost Certainly Bubbles” in AI Right Now
• Negative Sentiment: Credit concerns surrounding AI infrastructure companies, including debt risks highlighted for CoreWeave, add to worries that aggressive AI spending may not generate adequate returns. This could weigh indirectly on QQQ’s broader AI trade. CoreWeave Falls as HSBC Reiterates Bearish Call on Debt Risk

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.