11,746 Invesco QQQ $QQQ Shares Sold by Ayalon Insurance Comp Ltd.

Key Points

• Ayalon Insurance reduced its Invesco QQQ position by 64.2% in the third quarter, selling 11,746 shares and retaining 6,554 shares valued at approximately $4.85 million.
• Institutional investors own 44.58% of QQQ, with several major funds increasing their holdings, including Corient Private Wealth, which expanded its position substantially.
• QQQ shares opened at $757.73, near their 52-week high of $762.86, while the quarterly dividend was reduced to $0.7514 per share from $0.8135, producing an annualized yield of about 0.4%.

Ayalon Insurance Comp Ltd. decreased its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 64.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,554 shares of the exchange traded fund's stock after selling 11,746 shares during the period. Ayalon Insurance Comp Ltd.'s holdings in Invesco QQQ were worth $4,852,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of QQQ. Corient Private Wealth LLC increased its position in Invesco QQQ by 3,567.7% during the 4th quarter. Corient Private Wealth LLC now owns 21,436,917 shares of the exchange traded fund's stock valued at $13,168,912,000 after buying an additional 20,852,432 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Invesco QQQ by 1.0% in the second quarter. Envestnet Asset Management Inc. now owns 3,038,610 shares of the exchange traded fund's stock worth $2,237,606,000 after acquiring an additional 30,083 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Invesco QQQ by 21.4% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,025,000 shares of the exchange traded fund's stock worth $1,858,288,000 after acquiring an additional 534,000 shares during the last quarter. Analyst IMS Investment Management Services Ltd. grew its stake in shares of Invesco QQQ by 0.3% during the second quarter. Analyst IMS Investment Management Services Ltd. now owns 1,787,559 shares of the exchange traded fund's stock worth $1,316,358,000 after acquiring an additional 4,751 shares during the last quarter. Finally, HighTower Advisors LLC increased its holdings in shares of Invesco QQQ by 3.1% during the second quarter. HighTower Advisors LLC now owns 1,230,679 shares of the exchange traded fund's stock valued at $906,272,000 after acquiring an additional 36,923 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 0.3%

Shares of Invesco QQQ stock opened at $757.73 on Thursday. The company has a 50 day moving average price of $722.59 and a 200 day moving average price of $696.46. Invesco QQQ has a 52 week low of $555.60 and a 52 week high of $762.86.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders 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 is Monday, September 21st. This is a negative change from Invesco QQQ's previous quarterly dividend of $0.8135.

Key Invesco QQQ News

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

• Positive Sentiment: QQQ’s underlying Nasdaq-100 remains a strong performer, having gained more than 23% year to date. The fund has benefited from continued leadership by major technology and artificial-intelligence companies, as well as a broader technology-stock rally earlier in the week. Invesco QQQ Trust ETF Is Up 23% YTD: What’s Driving It Higher
• Positive Sentiment: Economic commentary suggesting that a U.S. recession is not imminent could support corporate earnings and risk appetite, benefiting the growth-oriented companies that dominate QQQ. A U.S. Recession Still Isn’t Imminent
• Neutral Sentiment: QQQ’s five-year outperformance versus ARKK highlights the Nasdaq-100’s relative strength, although the comparison also underscores how heavily returns have depended on a small group of large technology companies. Cathie Wood Responds to QQQ and ARKK Performance Comparison
• Negative Sentiment: Broad-market ETFs and equity futures moved lower as traders awaited the Fed’s meeting minutes. Any indication that policymakers intend to keep rates elevated could pressure QQQ’s long-duration growth and technology holdings. Exchange-Traded Funds and Equity Futures Down Pre-Bell
• Negative Sentiment: The Nasdaq’s record levels, market concentration, and concerns about a potential artificial-intelligence bubble have increased valuation and profit-taking risks for QQQ’s heavily weighted technology holdings. Exchange-Traded Funds Lower as U.S. Equities Decline
• Negative Sentiment: Weak September employment data and uncertainty over inflation and monetary policy add to concerns about the economic backdrop, contributing to a more cautious tone for risk assets. Employment Report: 29K Jobs Added in September

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.

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