Invesco QQQ $QQQ Shares Sold by Wedbush Securities Inc.

Key Points

• Wedbush Securities reduced its Invesco QQQ stake by 1.9% in the third quarter, selling 2,264 shares and retaining 118,212 shares valued at approximately $87.45 million.
• Institutional investors and hedge funds own 44.58% of QQQ, with GoalVest Advisory making the largest reported increase by adding more than 610,000 shares during the third quarter.
• QQQ shares opened at $704.40, below their 50-day average of $725.57, while the quarterly dividend fell to $0.7514 from $0.8135, producing an annualized yield of about 0.4%.

Wedbush Securities Inc. reduced its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 118,212 shares of the exchange traded fund's stock after selling 2,264 shares during the quarter. Invesco QQQ makes up about 2.2% of Wedbush Securities Inc.'s portfolio, making the stock its 7th largest holding. Wedbush Securities Inc.'s holdings in Invesco QQQ were worth $87,450,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. lifted its holdings in shares of Invesco QQQ by 1.0% during the second quarter. Envestnet Asset Management Inc. now owns 3,038,610 shares of the exchange traded fund's stock worth $2,237,606,000 after purchasing an additional 30,083 shares during the period. Analyst IMS Investment Management Services Ltd. grew its stake in shares of Invesco QQQ by 0.3% in the second quarter. Analyst IMS Investment Management Services Ltd. now owns 1,787,559 shares of the exchange traded fund's stock worth $1,316,358,000 after purchasing an additional 4,751 shares during the last quarter. HighTower Advisors LLC increased its holdings in Invesco QQQ by 3.1% in the second quarter. HighTower Advisors LLC now owns 1,230,679 shares of the exchange traded fund's stock valued at $906,272,000 after purchasing an additional 36,923 shares during the period. Janney Montgomery Scott LLC increased its holdings in Invesco QQQ by 1.1% in the first quarter. Janney Montgomery Scott LLC now owns 850,685 shares of the exchange traded fund's stock valued at $490,998,000 after purchasing an additional 9,542 shares during the period. Finally, GoalVest Advisory LLC increased its holdings in Invesco QQQ by 20,256.6% in the third quarter. GoalVest Advisory LLC now owns 613,955 shares of the exchange traded fund's stock valued at $454,185,000 after purchasing an additional 610,939 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 0.0%

Shares of NASDAQ:QQQ opened at $704.40 on Friday. Invesco QQQ has a 12-month low of $555.60 and a 12-month high of $762.86. The business has a fifty day simple moving average of $725.57 and a 200 day simple moving average of $708.07.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Monday, September 21st were given a $0.7514 dividend. This is a drop from Invesco QQQ's previous quarterly dividend of $0.8135. The ex-dividend date was Monday, September 21st. This represents a $3.01 dividend on an annualized basis 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: 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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