Invesco QQQ $QQQ Shares Sold by Fluent Financial LLC

Key Points

• Fluent Financial LLC reduced its Invesco QQQ position by 27.3% in the third quarter, selling 3,396 shares and retaining 9,053 shares valued at approximately $6.7 million.
• Institutional investors and hedge funds own 44.58% of QQQ, with several firms modestly increasing their positions during recent quarters.
• QQQ shares recently traded at $743.57, down 0.3%, while its quarterly dividend fell to $0.7514 per share, representing an annualized yield of about 0.4%.

Fluent Financial LLC trimmed its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 27.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,053 shares of the exchange traded fund's stock after selling 3,396 shares during the quarter. Invesco QQQ accounts for approximately 2.4% of Fluent Financial LLC's investment portfolio, making the stock its 9th biggest holding. Fluent Financial LLC's holdings in Invesco QQQ were worth $6,697,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in QQQ. Heartwood Wealth Advisors LLC lifted its holdings in shares of Invesco QQQ by 0.7% in the 3rd quarter. Heartwood Wealth Advisors LLC now owns 1,952 shares of the exchange traded fund's stock valued at $1,444,000 after buying an additional 14 shares during the period. CAP Partners LLC grew its holdings in Invesco QQQ by 3.5% during the first quarter. CAP Partners LLC now owns 444 shares of the exchange traded fund's stock worth $256,000 after acquiring an additional 15 shares during the period. Durante & Waters LLC grew its holdings in Invesco QQQ by 1.1% during the first quarter. Durante & Waters LLC now owns 1,425 shares of the exchange traded fund's stock worth $822,000 after acquiring an additional 15 shares during the period. Roxbury Financial LLC grew its holdings in Invesco QQQ by 19.7% during the second quarter. Roxbury Financial LLC now owns 91 shares of the exchange traded fund's stock worth $67,000 after acquiring an additional 15 shares during the period. Finally, GoalVest Advisory LLC raised its position in Invesco QQQ by 0.5% during the second quarter. GoalVest Advisory LLC now owns 3,016 shares of the exchange traded fund's stock valued at $2,221,000 after acquiring an additional 15 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 0.3%

QQQ stock traded down $2.47 during trading on Tuesday, hitting $743.57. 28,559,609 shares of the company traded hands, compared to its average volume of 47,895,773. Invesco QQQ has a 1 year low of $555.60 and a 1 year high of $762.86. The stock's 50-day simple moving average is $726.45 and its 200 day simple moving average is $701.01.

Invesco QQQ Cuts Dividend

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

Trending Headlines about Invesco QQQ

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

• Positive Sentiment: Strength in major social-media stocks, including Meta, Snap and Reddit, provided support for QQQ’s communication-services exposure. Truist’s bullish $1,000 price target for Meta, tied to the potential of its Muse artificial-intelligence product, reinforced optimism around AI-driven growth. Social Media Stocks Rally as Truist Sets $1,000 Street-High Meta Target
• Positive Sentiment: Software stocks have staged a sharp recovery since April, highlighting continued investor appetite for growth and technology themes that are heavily represented in QQQ. Everyone Declared Software Dead in April
• Neutral Sentiment: A Columbus Day session featured lighter trading volume, which may be exaggerating intraday moves and makes the ETF’s direction less conclusive. Low Volume Marks Columbus Day Session
• Neutral Sentiment: Market commentary remains mixed: easing volatility, oil prices and bond yields have supported broader equities, while investors are preparing for CPI, PPI and third-quarter earnings reports. Volatilities Fall On Oil/Yield Reprieve
• Negative Sentiment: QQQ’s recent weakness reflects profit-taking and caution after a strong run, with investors questioning whether expensive technology and AI shares can sustain their growth rates ahead of earnings. QQQ ETF Remains Under Pressure on Tuesday
• Negative Sentiment: Rising AI capital-expenditure requirements, high valuations and bubble concerns remain risks for the Magnificent Seven and other heavily weighted QQQ holdings. Guide to Magnificent Seven ETF Investing

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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