Invesco QQQ $QQQ Stake Reduced by Steele Capital Management Inc.

by · The Markets Daily

Steele Capital Management Inc. lessened its stake in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 0.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 208,391 shares of the exchange traded fund’s stock after selling 1,646 shares during the quarter. Invesco QQQ makes up approximately 5.6% of Steele Capital Management Inc.’s portfolio, making the stock its 5th biggest position. Steele Capital Management Inc.’s holdings in Invesco QQQ were worth $125,256,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Morgan Dempsey Capital Management LLC bought a new stake in Invesco QQQ in the 2nd quarter worth $30,000. Navigoe LLC boosted its holdings in shares of Invesco QQQ by 300.0% during the third quarter. Navigoe LLC now owns 60 shares of the exchange traded fund’s stock worth $36,000 after purchasing an additional 45 shares during the period. Marshall & Sullivan Inc. WA bought a new stake in shares of Invesco QQQ in the second quarter worth about $41,000. PayPay Securities Corp increased its holdings in Invesco QQQ by 78.9% during the 3rd quarter. PayPay Securities Corp now owns 68 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 30 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC bought a new position in Invesco QQQ during the 3rd quarter valued at approximately $42,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Up 1.0%

NASDAQ QQQ opened at $626.93 on Friday. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $637.01. The stock has a 50 day simple moving average of $616.00 and a two-hundred day simple moving average of $592.72.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were paid a $0.7941 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.69. This represents a $3.18 dividend on an annualized basis and a yield of 0.5%.

Trending Headlines about Invesco QQQ

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

  • Positive Sentiment: AI/semiconductor strength could lift QQQ because Nvidia and other megacaps are large index weights; coverage highlights Nvidia as a key ETF propellant. Nvidia Can Propel These ETFs
  • Positive Sentiment: Some market commentary argues for continued policy or fiscal support narratives (“Trump QE”) and momentum into 2026, which can keep large-cap tech in demand. Don’t Fight The Trump QE
  • Neutral Sentiment: Daily ETF updates show recent volatility: QQQ fell modestly yesterday, reflecting mixed index performance and rotation. This keeps near-term trading choppy. QQQ ETF Daily Update, 1/9/2026
  • Neutral Sentiment: Market takes the December payrolls release as mixed — headline jobs were weak vs prior, but the unemployment rate declined; this creates uncertainty rather than a clear directional catalyst. Non-farm Payrolls: Good News & Bad News
  • Negative Sentiment: Multiple pieces argue the Fed is unlikely to cut rates in January after the jobs data — pushed-back cuts are typically negative for high-growth, long-duration equities in QQQ. Forget About A January Rate Cut
  • Negative Sentiment: Analyses of the December jobs report emphasize weak hiring and cooling payroll momentum, reinforcing views that rate relief is not imminent — another headwind for growth names. December Jobs Report Lands With A Thud, Not A Bang
  • Negative Sentiment: Commentary noting “2 cuts, not yet” and related Fed-watch pieces keep market expectations for easing muted, a potential drag on QQQ if the macro tone stays hawkish. December Job Report: 2 Cuts, Not Yet

About Invesco QQQ

(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.

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