Invesco QQQ $QQQ Stock: Private Wealth Partners LLC Lowers Position

Private Wealth Partners LLC reduced its stake in Invesco QQQ (NASDAQ:QQQ) by 5.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 26,163 shares of the exchange traded fund’s stock after selling 1,387 shares during the quarter. Invesco QQQ accounts for 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 filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of QQQ. Boomfish Wealth Group LLC acquired a new stake in shares of Invesco QQQ during the third quarter worth $220,000. OLD Second National Bank of Aurora grew its position in Invesco QQQ by 43.4% in the 3rd quarter. OLD Second National Bank of Aurora now owns 932 shares of the exchange traded fund’s stock valued at $689,000 after buying an additional 282 shares during the last quarter. Demars Financial Group LLC purchased a new position in Invesco QQQ in the 3rd quarter valued at $415,000. Old North State Wealth Management LLC grew its position in Invesco QQQ by 7.7% in the 3rd quarter. Old North State Wealth Management LLC now owns 421 shares of the exchange traded fund’s stock valued at $314,000 after buying an additional 30 shares during the last quarter. Finally, Lake Street Private Wealth LLC increased its stake in Invesco QQQ by 0.7% in the 3rd quarter. Lake Street Private Wealth LLC now owns 27,178 shares of the exchange traded fund’s stock valued at $20,105,000 after buying an additional 193 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Trending Headlines about 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

Invesco QQQ Price Performance

Shares of 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 company’s fifty day moving average is $725.57 and its two-hundred day moving average is $708.07.

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 issued 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%.

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.