Invesco QQQ $QQQ Position Lowered by Private Client Services LLC

Key Points

• Private Client Services LLC reduced its QQQ position by 24.4% in the third quarter, selling 3,131 shares and retaining 9,694 shares valued at approximately $7.17 million.
• Other institutional investors made significant changes, with Corient Private Wealth and HSBC among those substantially increasing their holdings; institutional investors collectively own 44.58% of QQQ.
• QQQ recently traded near its 52-week high at $750.12, supported by optimism around technology and AI spending, though elevated inflation and interest rates remain risks. Its quarterly dividend was reduced to $0.7514 from $0.8135.

Private Client Services LLC trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 24.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,694 shares of the exchange traded fund's stock after selling 3,131 shares during the period. Invesco QQQ comprises 2.0% of Private Client Services LLC's investment portfolio, making the stock its 12th largest position. Private Client Services LLC's holdings in Invesco QQQ were worth $7,171,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Corient Private Wealth LLC grew its position in Invesco QQQ by 3,567.7% in the fourth quarter. Corient Private Wealth LLC now owns 21,436,917 shares of the exchange traded fund's stock valued at $13,168,912,000 after acquiring an additional 20,852,432 shares in the last quarter. Align Financial LLC acquired a new stake in Invesco QQQ during the fourth quarter valued at approximately $78,118,000. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Invesco QQQ by 21.4% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,025,000 shares of the exchange traded fund's stock worth $1,858,288,000 after purchasing an additional 534,000 shares during the last quarter. Corient Private Wealth LP boosted its holdings in shares of Invesco QQQ by 506.8% in the 2nd quarter. Corient Private Wealth LP now owns 545,270 shares of the exchange traded fund's stock valued at $401,553,000 after buying an additional 455,412 shares during the period. Finally, Hsbc Holdings PLC boosted its stake in Invesco QQQ by 337.6% in the fourth quarter. Hsbc Holdings PLC now owns 273,787 shares of the exchange traded fund's stock valued at $168,945,000 after acquiring an additional 389,028 shares during the period. Hedge funds and other institutional investors own 44.58% of the company's stock.

Key Stories Impacting Invesco QQQ

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

• Positive Sentiment: Investors remain optimistic that strong earnings, seasonal market strength, post-midterm-election enthusiasm and continued artificial-intelligence spending can support stocks even if interest rates stay elevated. This backdrop is favorable for QQQ’s technology-heavy holdings. Why Stocks Could Defy Higher Rates and Keep Rallying: ETFs to Watch
• Positive Sentiment: Recent market commentary points to solid fundamentals, historical October strength and continued investor confidence as reasons for optimism. These factors are helping sustain demand for growth-oriented ETFs such as QQQ. Uptober Is Here: 5 Reasons for Optimism
• Positive Sentiment: Reports highlighting resilient economic activity in data centers and manufacturing reinforce the investment case for AI infrastructure and related technology companies, several of which are significant Nasdaq-100 constituents. Real Economy Growth Highlights Data Centers and Manufacturing
• Neutral Sentiment: U.S. equity ETFs and futures traded mixed as investors assessed Micron’s results and new economic data. The uneven market action suggests investors are supporting QQQ while remaining selective about valuations and earnings outlooks. Exchange-Traded Funds and Equity Futures Up Pre-Bell Thursday
• Negative Sentiment: Persistent inflation and a strong economy could keep Treasury yields elevated, limiting the Federal Reserve’s ability to cut rates. Higher rates increase the discount rate applied to future technology earnings and remain the main risk to QQQ’s rally. The U.S. Economy Is Running Hot
• Negative Sentiment: Analysis indicating that inflation remains above the Fed’s target and that markets may be underestimating monetary-policy pressure could restrain gains in rate-sensitive growth stocks, including QQQ holdings. New Price Inflation Data Shows the Fed Has Missed Its Target

Invesco QQQ Price Performance

QQQ traded up $8.09 during trading on Friday, reaching $750.12. 20,015,263 shares of the company were exchanged, compared to its average volume of 48,518,805. The firm has a 50 day moving average of $716.20 and a 200 day moving average of $692.01. Invesco QQQ has a 52 week low of $555.60 and a 52 week high of $754.54.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Monday, September 21st will be paid a $0.7514 dividend. The ex-dividend date is 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%.

Invesco QQQ 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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