2,500 Invesco QQQ $QQQ Shares Sold by Wealth Management Partners LLC

Key Points

• Wealth Management Partners LLC reduced its Invesco QQQ stake by 6.9%, selling 2,500 shares and retaining 33,967 shares valued at approximately $25.1 million. QQQ remains the firm’s third-largest holding at 5.8% of its portfolio.
• QQQ opened at $704.40, with a 12-month trading range of $555.60 to $762.86. Technology-sector strength and dip-buying have supported the fund, while AI spending concerns, high valuations, interest rates, and defensive rotation remain risks.
• Invesco QQQ’s latest quarterly dividend fell to $0.7514 from $0.8135, representing an annualized dividend of about $3.01 and a 0.4% yield.

Wealth Management Partners LLC cut its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 6.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,967 shares of the exchange traded fund's stock after selling 2,500 shares during the period. Invesco QQQ comprises about 5.8% of Wealth Management Partners LLC's holdings, making the stock its 3rd largest holding. Wealth Management Partners LLC's holdings in Invesco QQQ were worth $25,128,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of QQQ. Parvin Asset Management LLC purchased a new stake in Invesco QQQ during the first quarter worth approximately $28,000. High Point Wealth Management LLC increased its stake in Invesco QQQ by 68.0% in the second quarter. High Point Wealth Management LLC now owns 42 shares of the exchange traded fund's stock valued at $31,000 after purchasing an additional 17 shares during the last quarter. Financial Management Professionals Inc. raised its holdings in Invesco QQQ by 83.3% during the second quarter. Financial Management Professionals Inc. now owns 55 shares of the exchange traded fund's stock worth $41,000 after purchasing an additional 25 shares in the last quarter. Bullseye Investment Management LLC acquired a new stake in Invesco QQQ during the second quarter worth approximately $44,000. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its position 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 worth $64,000 after buying an additional 66 shares during 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: Technology stocks had recently led a Nasdaq rebound, supporting QQQ as investors continued to favor major growth companies and AI-related leaders. Technology Stocks Pop, Lead Nasdaq Higher
• Positive Sentiment: QQQ was described as inching higher during Friday’s session, suggesting some dip-buying and stabilization after recent technology-sector volatility. Here’s Why the Invesco QQQ Trust ETF Is Inching Higher Today, October 23
• Neutral Sentiment: The launch of Tuttle Capital’s QQDH, an actively managed ETF using Nasdaq-100 exposure and options strategies, increases the range of competing Nasdaq-focused products but does not directly change QQQ’s holdings or fundamentals. Tuttle Capital Launches QQDH
• Neutral Sentiment: Invesco’s new international-innovator ETF, QQI, may broaden the company’s product lineup, though its higher costs and lower liquidity make it more of a complementary product than a direct replacement for QQQ. Invesco Launches QQI
• Negative Sentiment: Pre-market weakness in equity ETFs and renewed worries that massive AI capital expenditures may not generate adequate returns pressured growth-oriented funds such as QQQ. ETFs and Futures Lower Amid AI Spending Concerns
• Negative Sentiment: A recent technology sell-off and rotation into defensive stocks highlighted investor caution toward elevated technology valuations. Higher interest rates and credit-market concerns also remain headwinds for QQQ’s long-duration growth holdings. Tech Sell-Off Leads to Defensive Stocks

Invesco QQQ Trading Down 0.0%

Shares of NASDAQ:QQQ opened at $704.40 on Friday. The company's fifty day moving average price is $725.57 and its 200 day moving average price is $708.07. Invesco QQQ has a 12 month low of $555.60 and a 12 month high of $762.86.

Invesco QQQ Cuts Dividend

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

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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