1,028 Invesco QQQ $QQQ Shares Sold by Great Waters Wealth Management

by · The Markets Daily

Great Waters Wealth Management lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 48.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 1,091 shares of the exchange traded fund’s stock after selling 1,028 shares during the quarter. Great Waters Wealth Management’s holdings in Invesco QQQ were worth $807,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Nautilus Advisors LLC grew its holdings in Invesco QQQ by 5.2% during the third quarter. Nautilus Advisors LLC now owns 1,812 shares of the exchange traded fund’s stock valued at $1,341,000 after purchasing an additional 90 shares during the period. Juncture Wealth Strategies LLC acquired a new stake in Invesco QQQ in the third quarter worth $4,908,000. Congress Asset Management Co. boosted its position in shares of Invesco QQQ by 32.2% during the third quarter. Congress Asset Management Co. now owns 522 shares of the exchange traded fund’s stock worth $386,000 after purchasing an additional 127 shares in the last quarter. Private Capital Advisors Inc. grew its holdings in shares of Invesco QQQ by 1.2% in the 3rd quarter. Private Capital Advisors Inc. now owns 4,309 shares of the exchange traded fund’s stock valued at $3,188,000 after buying an additional 50 shares during the period. Finally, Ables Iannone Moore & Associates Inc. grew its holdings in shares of Invesco QQQ by 2.1% in the 3rd quarter. Ables Iannone Moore & Associates Inc. now owns 2,076 shares of the exchange traded fund’s stock valued at $1,536,000 after buying an additional 42 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

Invesco QQQ stock traded down $2.66 during mid-day trading on Wednesday, hitting $757.00. 14,321,608 shares of the company’s stock were exchanged, compared to its average volume of 48,183,246. The company’s 50 day simple moving average is $720.67 and its 200-day simple moving average is $695.30. 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Monday, September 21st will be paid a dividend of $0.7514 per share. This represents a $3.01 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Monday, September 21st. This is a negative change from Invesco QQQ’s previous quarterly dividend of $0.8135.

Key Stories Impacting Invesco QQQ

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

  • Positive Sentiment: Technology stocks continued to lead the market, supporting QQQ’s exposure to major Nasdaq-100 constituents. A “risk-on” session and ongoing AI investment remain important catalysts. Markets Take Off As Tech Stocks Rally
  • Positive Sentiment: QQQ’s more than 23% year-to-date gain reflects strong momentum in mega-cap technology, AI-related earnings expectations and investor preference for companies with structural growth. What’s Driving QQQ Higher
  • Positive Sentiment: Analysts arguing that a U.S. recession is not imminent provide a favorable backdrop for cyclical technology spending, corporate profits and equity valuations. A U.S. Recession Still Isn’t Imminent
  • Positive Sentiment: Some investors view AI exposure as a hedge against inflation and believe the technology can support earnings growth even if broader macroeconomic conditions remain uncertain. AI Is the New Inflation Hedge
  • Neutral Sentiment: Weak employment data could eventually encourage easier Federal Reserve policy, which would benefit growth stocks, but commentary that the Fed may largely ignore the report limits the immediate bullish impact for QQQ. Employment Report
  • Neutral Sentiment: Revised inflation data reportedly do not materially change the Fed’s policy challenge, leaving interest-rate expectations as a continuing source of volatility for high-growth technology stocks. Revised Inflation Data
  • Neutral Sentiment: QQQ’s strong five-year performance compared with ARKK highlights the appeal of profitable mega-cap technology, although the comparison is affected by the selected measurement dates. Cathie Wood Discusses ARKK and QQQ
  • Negative Sentiment: Recent commentary warns that the AI trade may be forming a bubble. Any disappointment in AI spending, earnings or monetization could trigger profit-taking across QQQ’s concentrated technology holdings. Pop Goes the AI Bubble?
  • Negative Sentiment: The Nasdaq’s record levels and declining market breadth have raised concerns that gains are being driven by too few companies, increasing concentration and reversal risk for QQQ. Nasdaq at All-Time Highs
  • Negative Sentiment: Credit-market warnings, rising yields and concerns about an increasingly irrational market could pressure richly valued growth stocks if risk appetite deteriorates. Credit Markets Signal a Reckoning

Invesco QQQ Profile

(Free Report)

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.

Featured Stories

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