11,807 Invesco QQQ $QQQ Shares Sold by Beacon Capital Management LLC

Key Points

• Beacon Capital Management reduced its Invesco QQQ position by 14.8%, selling 11,807 shares in the third quarter and retaining 67,973 shares valued at approximately $50.3 million.
• Institutional investors and hedge funds own 44.58% of QQQ, with several firms recently initiating or increasing positions despite Beacon’s reduction.
• QQQ opened at $712.20, up 1.1%, while its quarterly dividend declined to $0.7514 per share, equivalent to an annualized yield of about 0.4%; investors remain focused on technology earnings, AI valuations, and fund costs.

Beacon Capital Management LLC trimmed its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 14.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,973 shares of the exchange traded fund's stock after selling 11,807 shares during the period. Invesco QQQ comprises about 7.0% of Beacon Capital Management LLC's investment portfolio, making the stock its 2nd largest position. Beacon Capital Management LLC's holdings in Invesco QQQ were worth $50,285,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Parvin Asset Management LLC acquired a new stake in shares of Invesco QQQ in the first quarter worth $28,000. High Point Wealth Management LLC lifted its holdings in shares of Invesco QQQ by 68.0% during the 2nd quarter. High Point Wealth Management LLC now owns 42 shares of the exchange traded fund's stock valued at $31,000 after acquiring an additional 17 shares in the last quarter. Financial Management Professionals Inc. lifted its holdings in shares of Invesco QQQ by 83.3% during the 2nd quarter. Financial Management Professionals Inc. now owns 55 shares of the exchange traded fund's stock valued at $41,000 after acquiring an additional 25 shares in the last quarter. Bullseye Investment Management LLC acquired a new position in shares of Invesco QQQ during the 2nd quarter valued at $44,000. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of Invesco QQQ by 146.7% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 111 shares of the exchange traded fund's stock valued at $64,000 after acquiring an additional 66 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Invesco QQQ

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

• Positive Sentiment: Pre-market strength in broad-market ETFs and equity futures suggests a supportive risk-on backdrop for QQQ, while investors anticipate earnings from major technology companies and potential clarity from the Federal Reserve. Exchange-Traded Funds, Equity Futures Higher Pre-Bell Monday Ahead of Big Tech Earnings, Fed Decision
• Positive Sentiment: One market analysis argues that the bull market is broadening beyond a narrow group of technology leaders, potentially reducing concentration risk and supporting continued gains across QQQ’s holdings. The Bull Market Is Maturing And Broadening
• Neutral Sentiment: QQQ reportedly sold an additional $14.3 million of NVIDIA shares, following a previously reported NVIDIA sale. These transactions appear to reflect fund rebalancing rather than a discretionary bearish call, but they can modestly affect exposure to one of QQQ’s largest holdings. INVESCO QQQ Trust (QQQ) Sells $14.3 Million More NVIDIA on Thursday
• Neutral Sentiment: Reported short interest was zero shares, providing no evidence of an active short-selling overhang; the unusual figure may reflect reporting or data limitations.
• Negative Sentiment: Investors remain concerned that elevated AI spending and valuations may not be matched by sufficient monetization. A disappointing technology earnings season could therefore pressure QQQ, which has benefited substantially from the AI trade. I Was Wrong: This Is Not The Bottom For AI Stocks
• Negative Sentiment: Comparisons with cheaper Nasdaq-100 funds highlight QQQ’s higher expense ratio, which could create a modest long-term drag and encourage some investors to switch, although taxes and transaction costs may outweigh the savings. Forget QQQ: The Company Behind It Runs the Same Index for $30 Less a Year on a $100K Balance

Invesco QQQ Stock Up 1.1%

Shares of Invesco QQQ stock opened at $712.20 on Tuesday. Invesco QQQ has a twelve month low of $555.60 and a twelve month high of $762.86. The company has a fifty day moving average price of $725.81 and a 200 day moving average price of $676.80.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Monday, September 21st were issued a $0.7514 dividend. This is a decrease from Invesco QQQ's previous quarterly dividend of $0.8135. This represents a $3.01 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, September 21st.

Invesco QQQ Company 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.

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.