16,175 Invesco QQQ $QQQ Shares Sold by Cohen Klingenstein LLC

Key Points

• Cohen Klingenstein LLC reduced its QQQ position by 5.3%, selling 16,175 shares in the third quarter. It still held 286,509 shares valued at approximately $212 million, representing 7.4% of its portfolio.
• Institutional ownership remains significant at 44.58%, with several major investors increasing their stakes, including Corient Private Wealth, which expanded its position substantially.
• QQQ faces mixed market signals: potential year-end support from technology earnings and renewed risk appetite is offset by inflation and rate-hike concerns, stretched valuations, weak breadth, and rotation away from technology stocks.

Cohen Klingenstein LLC cut its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 286,509 shares of the exchange traded fund's stock after selling 16,175 shares during the period. Invesco QQQ accounts for 7.4% of Cohen Klingenstein LLC's holdings, making the stock its 2nd biggest holding. Cohen Klingenstein LLC's holdings in Invesco QQQ were worth $211,951,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Corient Private Wealth LLC raised its position in shares of Invesco QQQ by 3,567.7% during the fourth 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 during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of 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 buying an additional 30,083 shares in the last quarter. Analyst IMS Investment Management Services Ltd. lifted its holdings in shares of Invesco QQQ by 0.3% in 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 buying an additional 4,751 shares in the last quarter. Align Financial LLC bought a new position in shares of Invesco QQQ during the fourth quarter worth $78,118,000. Finally, HighTower Advisors LLC boosted its position 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 worth $906,272,000 after acquiring an additional 36,923 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ News Summary

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

• Positive Sentiment: Some market strategists believe the recent washout could clear excesses and set the stage for a year-end rally, potentially benefiting QQQ if risk appetite returns. Earnings strength across major technology companies is another potential catalyst. Why This Market Washout Will Spark a Year-End Rally
• Neutral Sentiment: QQQ’s rules exclude financial companies and limit the fund’s exposure to banks, Berkshire Hathaway, Visa, and some other major businesses. That creates a concentrated technology and growth profile: it can outperform during technology-led rallies but lag when financial stocks lead. Invesco QQQ Does Not Own a Single Bank
• Neutral Sentiment: Investors are also comparing QQQ with buffered ETFs that use options to provide downside protection while capping upside. Such products may attract defensive capital, although they do not directly change QQQ’s holdings or fundamentals. 3 ETFs Built to Protect Your Money if the Bull Market Breaks
• Negative Sentiment: September CPI was reported at 3.7%, with core inflation and services prices described as accelerating. This has increased expectations for a potential Federal Reserve rate hike, lifting bond yields and reducing the appeal of long-duration technology stocks. Hot September CPI: Why an October Fed Rate Hike Is Now in Play
• Negative Sentiment: QQQ’s failed breakout, weak market breadth, stretched valuations, and signs of semiconductor weakness are encouraging investors to rotate toward utilities, consumer staples, and energy. A sharp overnight decline in Japan’s Nikkei added to the day’s risk-off pressure. Failed Breakout in Tech? 3 Sectors Leading the Market Rotation

Invesco QQQ Stock Down 0.1%

QQQ opened at $728.00 on Friday. The company has a fifty day moving average of $726.95 and a 200 day moving average of $703.27. 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 business also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Monday, September 21st were paid a $0.7514 dividend. This represents a $3.01 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, September 21st. This is a decrease from Invesco QQQ's previous quarterly dividend of $0.8135.

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.

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