44,942 Invesco QQQ $QQQ Shares Sold by Encompass More Asset Management

Key Points

• Encompass More Asset Management cut its Invesco QQQ position by 95.7% in the third quarter, selling 44,942 shares and retaining 2,004 shares valued at approximately $1.48 million.
• Other institutional investors mostly increased their QQQ holdings or initiated new positions, with hedge funds and other institutions collectively owning 44.58% of the ETF.
• QQQ opened at $709.80, below its 50-day moving average, amid pressure on technology and AI stocks. The fund also reduced its quarterly dividend to $0.7514 from $0.8135, representing an annualized yield of about 0.4%.

Encompass More Asset Management reduced its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 95.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,004 shares of the exchange traded fund's stock after selling 44,942 shares during the quarter. Encompass More Asset Management's holdings in Invesco QQQ were worth $1,482,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in QQQ. Bay Capital Advisors LLC grew its holdings in Invesco QQQ by 1.0% in the 3rd quarter. Bay Capital Advisors LLC now owns 28,228 shares of the exchange traded fund's stock valued at $20,882,000 after buying an additional 282 shares during the period. Gemmer Asset Management LLC purchased a new position in shares of Invesco QQQ during the 3rd quarter worth about $358,000. 1834 Investment Advisors Co. boosted its position in shares of Invesco QQQ by 45.2% in the third quarter. 1834 Investment Advisors Co. now owns 620 shares of the exchange traded fund's stock worth $459,000 after acquiring an additional 193 shares during the last quarter. Alpine Bank Wealth Management boosted its position in shares of Invesco QQQ by 129.9% in the third quarter. Alpine Bank Wealth Management now owns 177 shares of the exchange traded fund's stock worth $131,000 after acquiring an additional 100 shares during the last quarter. Finally, USA Financial Formulas acquired a new stake in shares of Invesco QQQ in the third quarter worth approximately $3,488,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ News Summary

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

• Positive Sentiment: Some analysts argue that the recent market washout could set the stage for a year-end rally, while a recession is not yet viewed as the base case. This provides a potential recovery catalyst for QQQ’s growth-oriented holdings. Why This Market Washout Will Spark a Year-End Rally
• Positive Sentiment: September inflation was elevated, but commentary continues to suggest that an October Federal Reserve rate hike is unlikely. Avoiding an immediate rate increase could support valuations for technology shares. September CPI: Sticky Inflation, But An October Hike Remains Unlikely
• Neutral Sentiment: QQQ reportedly sold NVIDIA and Apple shares on October 14. The transactions may reflect routine index rebalancing or portfolio-weight changes, but they highlight the fund’s sensitivity to movements in its largest technology holdings. Invesco QQQ Trust Sells NVIDIA and Apple
• Neutral Sentiment: QQQ excludes banks and other financial companies because the Nasdaq-100 prohibits financial firms. That creates concentrated exposure to technology and communications stocks, rather than providing broad-sector diversification. Invesco QQQ Doesn't Own a Single Bank
• Negative Sentiment: U.S. equities and exchange-traded funds weakened during the session, following a sharp overseas selloff. Because QQQ tracks large Nasdaq-listed companies, broad risk reduction is directly pressuring the fund. Exchange-Traded Funds Drop as US Equities Fall
• Negative Sentiment: Investor concerns include a potential liquidity drain, rising Treasury yields, midterm-election volatility, and an AI-related credit squeeze. These factors can weigh disproportionately on QQQ’s high-valuation growth holdings. A Massive Liquidity Drain Is About To Hit The Market
• Negative Sentiment: Analysts are warning that AI enthusiasm may represent several bubbles vulnerable to bursting. A correction in AI leaders such as NVIDIA could have an outsized impact on QQQ. AI Bubble: Three Bubbles Ready to Burst
• Negative Sentiment: QQQ’s failed breakout, weak market breadth, and rotation into utilities, consumer staples, and energy suggest that investors are moving away from growth and technology stocks. Failed Breakout in Tech

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $709.80 on Monday. Invesco QQQ has a 1 year low of $555.60 and a 1 year high of $762.86. The firm has a 50 day moving average price of $726.69 and a 200 day moving average price of $704.34.

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 issued 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 dividend on an annualized basis and a dividend 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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