25,129 Invesco QQQ $QQQ Shares Sold by Curated Wealth Partners LLC

Key Points

• Curated Wealth Partners LLC cut its Invesco QQQ position by 93.3% in the third quarter, selling 25,129 shares and retaining 1,803 shares valued at approximately $1.334 million.
• QQQ opened at $728, near its $762.86 one-year high, with 50-day and 200-day moving averages of $726.95 and $703.27, respectively.
• Invesco QQQ’s quarterly dividend fell to $0.7514 from $0.8135, representing an annualized dividend of $3.01 and a yield of about 0.4%; institutional investors and hedge funds own 44.58% of the fund.

Curated Wealth Partners LLC trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 93.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,803 shares of the exchange traded fund's stock after selling 25,129 shares during the period. Curated Wealth Partners LLC's holdings in Invesco QQQ were worth $1,334,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of QQQ. Parvin Asset Management LLC acquired a new position in Invesco QQQ during the first quarter worth $28,000. High Point Wealth Management LLC raised its position 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 worth $31,000 after acquiring an additional 17 shares in the last quarter. Financial Management Professionals Inc. raised its position in Invesco QQQ by 83.3% in the second quarter. Financial Management Professionals Inc. now owns 55 shares of the exchange traded fund's stock worth $41,000 after acquiring an additional 25 shares in the last quarter. Bullseye Investment Management LLC acquired a new stake in Invesco QQQ in the second quarter valued at $44,000. Finally, Wealth Preservation Advisors LLC acquired a new stake in Invesco QQQ in the fourth quarter valued at $50,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $728.00 on Friday. Invesco QQQ has a one year low of $555.60 and a one year high of $762.86. The business has a fifty day moving average of $726.95 and a two-hundred day moving average of $703.27.

Invesco QQQ Cuts Dividend

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

Trending Headlines about Invesco QQQ

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

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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