HBW Advisory Services LLC Sells 23,398 Shares of Invesco QQQ $QQQ

Key Points

• HBW Advisory Services reduced its Invesco QQQ position by 40.8% in the third quarter, selling 23,398 shares. It still held 33,995 shares valued at approximately $25.1 million, representing 2.4% of its portfolio.
• QQQ opened at $728.00, with a 12-month trading range of $555.60 to $762.86. Institutional investors and hedge funds collectively owned 44.58% of the fund.
• Invesco QQQ’s quarterly dividend fell to $0.7514 per share from $0.8135, equating to an annualized dividend of $3.01 and a 0.4% yield.

HBW Advisory Services LLC lessened its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 40.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,995 shares of the exchange traded fund's stock after selling 23,398 shares during the quarter. Invesco QQQ accounts for 2.4% of HBW Advisory Services LLC's portfolio, making the stock its 4th largest position. HBW Advisory Services LLC's holdings in Invesco QQQ were worth $25,148,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Flatrock Wealth Partners LLC purchased a new position in Invesco QQQ during the 1st quarter worth $924,000. Hegarty Advisors LLC bought a new stake in Invesco QQQ during the 1st quarter valued at $2,212,000. Ascension Capital Advisors Inc. lifted its holdings in shares of Invesco QQQ by 643.8% in the 1st quarter. Ascension Capital Advisors Inc. now owns 3,094 shares of the exchange traded fund's stock worth $1,786,000 after buying an additional 2,678 shares during the period. Financial Insights Inc. lifted its holdings in shares of Invesco QQQ by 6.8% in the 2nd quarter. Financial Insights Inc. now owns 29,790 shares of the exchange traded fund's stock worth $21,938,000 after buying an additional 1,901 shares during the period. Finally, First Bancorp Inc ME purchased a new stake in shares of Invesco QQQ in the 2nd quarter worth $677,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

QQQ opened at $728.00 on Friday. Invesco QQQ has a 12-month low of $555.60 and a 12-month high of $762.86. The business's fifty day simple moving average is $726.95 and its 200-day simple moving average is $703.27.

Invesco QQQ Cuts Dividend

The company 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. The ex-dividend date was Monday, September 21st. This is a decrease from Invesco QQQ's previous quarterly dividend of $0.8135. This represents a $3.01 annualized dividend and a dividend yield of 0.4%.

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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