2,272 Invesco QQQ $QQQ Shares Sold by Seros Financial LLC

Seros Financial LLC decreased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 9.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,616 shares of the exchange traded fund’s stock after selling 2,272 shares during the quarter. Invesco QQQ comprises about 8.5% of Seros Financial LLC’s investment portfolio, making the stock its 3rd largest holding. Seros Financial LLC’s holdings in Invesco QQQ were worth $16,731,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Virtue Asset Management LLC increased its position in Invesco QQQ by 5.2% in the 3rd quarter. Virtue Asset Management LLC now owns 2,229 shares of the exchange traded fund’s stock valued at $1,649,000 after acquiring an additional 111 shares during the period. NBT Bank N.A. acquired a new position in Invesco QQQ during the 3rd quarter worth $1,118,000. Root Financial Partners LLC boosted its position in Invesco QQQ by 8.8% during the 3rd quarter. Root Financial Partners LLC now owns 8,922 shares of the exchange traded fund’s stock worth $6,600,000 after acquiring an additional 722 shares during the period. Precedent Wealth Partners LLC boosted its position in Invesco QQQ by 87.6% during the 3rd quarter. Precedent Wealth Partners LLC now owns 2,390 shares of the exchange traded fund’s stock worth $1,768,000 after acquiring an additional 1,116 shares during the period. Finally, Powell Investment Advisors LLC grew its stake in shares of Invesco QQQ by 0.5% in the third quarter. Powell Investment Advisors LLC now owns 32,181 shares of the exchange traded fund’s stock worth $23,831,000 after purchasing an additional 157 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $704.40 on Friday. Invesco QQQ has a 1 year low of $555.60 and a 1 year high of $762.86. The business has a fifty day moving average of $725.57 and a 200-day moving average of $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 issued a $0.7514 dividend. The ex-dividend date of this dividend was Monday, September 21st. This is a decrease from Invesco QQQ’s previous quarterly dividend of $0.8135. This represents a $3.01 annualized dividend and a yield of 0.4%.

Key Stories Impacting Invesco QQQ

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.