Atlatl Advisers LLC Sells 2,898 Shares of Invesco QQQ $QQQ

Key Points

• Atlatl Advisers LLC reduced its Invesco QQQ stake by 3.9%, selling 2,898 shares during the third quarter and retaining 71,360 shares valued at approximately $52.8 million. QQQ remains the firm’s largest holding, representing 12.6% of its portfolio.
• Institutional activity was mixed, with several investors increasing or initiating positions in QQQ; institutional investors collectively owned 44.58% of the fund.
• QQQ opened at $704.40, between its 12-month low of $555.60 and high of $762.86. Its latest quarterly dividend fell to $0.7514 from $0.8135, representing an annualized yield of about 0.4%.

Atlatl Advisers LLC reduced its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 71,360 shares of the exchange traded fund's stock after selling 2,898 shares during the quarter. Invesco QQQ makes up 12.6% of Atlatl Advisers LLC's investment portfolio, making the stock its largest holding. Atlatl Advisers LLC's holdings in Invesco QQQ were worth $52,790,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in QQQ. Denver PWM LLC bought a new position in Invesco QQQ in the 3rd quarter worth $2,273,000. BIP Wealth LLC lifted its holdings in shares of Invesco QQQ by 23.6% during the third quarter. BIP Wealth LLC now owns 8,606 shares of the exchange traded fund's stock worth $6,366,000 after buying an additional 1,642 shares during the last quarter. River Street Advisors LLC boosted its position in shares of Invesco QQQ by 1.2% in the third quarter. River Street Advisors LLC now owns 3,950 shares of the exchange traded fund's stock valued at $2,922,000 after acquiring an additional 45 shares during the period. MLP3 LLC boosted its position in shares of Invesco QQQ by 23.1% in the third quarter. MLP3 LLC now owns 400 shares of the exchange traded fund's stock valued at $296,000 after acquiring an additional 75 shares during the period. Finally, Boomfish Wealth Group LLC acquired a new position in shares of Invesco QQQ during the third quarter valued at about $220,000. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Down 0.0%

Shares of Invesco QQQ stock opened at $704.40 on Friday. Invesco QQQ has a twelve month low of $555.60 and a twelve month high of $762.86. The firm's 50-day simple moving average is $725.57 and its 200-day simple moving average is $708.07.

Invesco QQQ Cuts Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, September 21st.

Key Invesco QQQ News

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 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.

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