Invesco QQQ $QQQ Stock: Bank Pictet & Cie Europe AG Decreases Holdings

Key Points

• Bank Pictet & Cie Europe AG reduced its Invesco QQQ stake by 7.3% in the third quarter, selling 2,056 shares and retaining 26,165 shares valued at approximately $19.28 million.
• Other institutional investors generally increased their QQQ holdings, with hedge funds and institutions collectively owning 44.58% of the ETF.
• QQQ opened at $725.20, near its 50-day average, while its quarterly dividend fell to $0.7514 from $0.8135, implying a 0.4% annualized yield.

Bank Pictet & Cie Europe AG trimmed its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 7.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,165 shares of the exchange traded fund's stock after selling 2,056 shares during the quarter. Bank Pictet & Cie Europe AG's holdings in Invesco QQQ were worth $19,280,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of QQQ. Heartwood Wealth Advisors LLC grew its holdings in Invesco QQQ by 0.7% during the third quarter. Heartwood Wealth Advisors LLC now owns 1,952 shares of the exchange traded fund's stock worth $1,444,000 after acquiring an additional 14 shares during the period. Sherman Wealth Management LLC raised its position in Invesco QQQ by 0.8% during the third quarter. Sherman Wealth Management LLC now owns 1,702 shares of the exchange traded fund's stock worth $1,259,000 after acquiring an additional 14 shares during the last quarter. CAP Partners LLC lifted its holdings in shares of Invesco QQQ by 3.5% in the first quarter. CAP Partners LLC now owns 444 shares of the exchange traded fund's stock valued at $256,000 after purchasing an additional 15 shares in the last quarter. Durante & Waters LLC lifted its holdings in shares of Invesco QQQ by 1.1% in the first quarter. Durante & Waters LLC now owns 1,425 shares of the exchange traded fund's stock valued at $822,000 after purchasing an additional 15 shares in the last quarter. Finally, Roxbury Financial LLC lifted its holdings in shares of Invesco QQQ by 19.7% in the second quarter. Roxbury Financial LLC now owns 91 shares of the exchange traded fund's stock valued at $67,000 after purchasing an additional 15 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Invesco QQQ stock opened at $725.20 on Thursday. The stock has a fifty day moving average of $726.65 and a two-hundred day moving average of $707.26. 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Monday, September 21st were given a $0.7514 dividend. 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%. The ex-dividend date was Monday, September 21st.

More Invesco QQQ News

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

• Positive Sentiment: QQQ’s exposure to NVIDIA is a key potential support, with the semiconductor giant identified as the leading purchase in recent fund activity. Continued investor demand for AI infrastructure stocks could lift the ETF. What Invesco QQQ Bought: NVIDIA Leads on Oct. 19
• Positive Sentiment: Technology futures rose, supporting QQQ, as strong results from SpaceX boosted enthusiasm for growth and technology shares. Upcoming Meta and Tesla earnings could provide additional catalysts because both companies are major Nasdaq-100 holdings. Stock Market Today: Tech Futures Rise With SpaceX Earnings
• Positive Sentiment: Broad U.S. equities advanced in midday trading, indicating that buying interest extended beyond a narrow group of technology names and provided a supportive backdrop for QQQ. Exchange-Traded Funds Gain as US Equities Advance After Midday
• Neutral Sentiment: Recent reports describe choppy trading and an uneven market response to higher rates. This leaves QQQ sensitive to bond yields: stable or falling yields would help, while further rate increases could pressure its growth-oriented holdings. Market's Uneven Response To Higher Rates
• Negative Sentiment: Several commentaries warn that AI valuations may represent a bubble or the late stage of a boom. Such concerns could trigger profit-taking in highly valued QQQ constituents, particularly AI-related chip and cloud companies. Ken Griffin: There Are “Almost Certainly Bubbles” in AI Right Now
• Negative Sentiment: Credit concerns surrounding AI infrastructure companies, including debt risks highlighted for CoreWeave, add to worries that aggressive AI spending may not generate adequate returns. This could weigh indirectly on QQQ’s broader AI trade. CoreWeave Falls as HSBC Reiterates Bearish Call on Debt Risk

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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