Invesco QQQ $QQQ Holdings Lessened by Absolute Capital Management LLC

Key Points

• Absolute Capital Management LLC cut its Invesco QQQ position by 16.4% in the third quarter, selling 3,375 shares and retaining 17,251 shares valued at approximately $12.8 million. QQQ remains the fund’s third-largest holding, representing about 3% of its portfolio.
• QQQ opened at $709.80, below its 50-day moving average of $726.69 but above its 200-day average of $704.34; the ETF’s 52-week range is $555.60 to $762.86.
• Market risks remain concentrated in growth and technology stocks: weak breadth, rotation toward defensive sectors, rising yields, liquidity concerns, and potential AI-related volatility could pressure QQQ, while expectations for no immediate Federal Reserve rate hike may provide support.

Absolute Capital Management LLC decreased its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 16.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,251 shares of the exchange traded fund's stock after selling 3,375 shares during the period. Invesco QQQ accounts for approximately 3.0% of Absolute Capital Management LLC's holdings, making the stock its 3rd biggest holding. Absolute Capital Management LLC's holdings in Invesco QQQ were worth $12,762,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in QQQ. Parvin Asset Management LLC bought a new stake in Invesco QQQ during the first quarter worth approximately $28,000. High Point Wealth Management LLC lifted its stake in shares of Invesco QQQ by 68.0% in the 2nd 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. lifted its stake in shares of Invesco QQQ by 83.3% in the 2nd quarter. Financial Management Professionals Inc. now owns 55 shares of the exchange traded fund's stock valued at $41,000 after purchasing an additional 25 shares during the last quarter. Bullseye Investment Management LLC purchased a new position in shares of Invesco QQQ in the 2nd quarter worth approximately $44,000. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its holdings in shares of Invesco QQQ by 146.7% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 111 shares of the exchange traded fund's stock worth $64,000 after purchasing an additional 66 shares during the period. Institutional investors own 44.58% of the company's stock.

Invesco QQQ News Roundup

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 Price Performance

NASDAQ QQQ opened at $709.80 on Monday. The business's 50 day moving average price is $726.69 and its 200-day moving average price is $704.34. Invesco QQQ has a fifty-two week low of $555.60 and a fifty-two week high of $762.86.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Monday, September 21st were given a dividend of $0.7514 per share. This represents a $3.01 dividend on an annualized basis and a yield of 0.4%. This is a negative change from Invesco QQQ's previous quarterly dividend of $0.8135. The ex-dividend date was Monday, September 21st.

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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