Invesco QQQ $QQQ Stock: Foster Group Inc. Decreases Holdings

Key Points

• Foster Group Inc. reduced its Invesco QQQ position by 6.2% in the third quarter, selling 2,558 shares and retaining 38,849 shares valued at approximately $28.74 million.
• Other institutional investors increased their holdings, including Alaska Permanent Fund Corp. by 37.5% and Salvus Wealth Management by 40.4%; institutions and hedge funds collectively own 44.58% of QQQ.
• QQQ opened at $743.57, near its 52-week high, while its quarterly dividend declined to $0.7514 from $0.8135, equating to an annualized yield of about 0.4%.

Foster Group Inc. decreased its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 6.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,849 shares of the exchange traded fund's stock after selling 2,558 shares during the quarter. Foster Group Inc.'s holdings in Invesco QQQ were worth $28,740,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in QQQ. B. Riley Wealth Advisors Inc. grew its stake in Invesco QQQ by 30.3% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 38,131 shares of the exchange traded fund's stock worth $28,208,000 after buying an additional 8,861 shares during the last quarter. Alaska Permanent Fund Corp grew its position in Invesco QQQ by 37.5% in the 3rd quarter. Alaska Permanent Fund Corp now owns 386,727 shares of the exchange traded fund's stock worth $286,089,000 after purchasing an additional 105,531 shares during the last quarter. Mechanics Bank Trust Department boosted its position in Invesco QQQ by 0.4% during the 3rd quarter. Mechanics Bank Trust Department now owns 25,145 shares of the exchange traded fund's stock worth $18,602,000 after acquiring an additional 105 shares during the period. Accel Wealth Management lifted its holdings in Invesco QQQ by 10.5% in the third quarter. Accel Wealth Management now owns 11,337 shares of the exchange traded fund's stock worth $8,386,000 after purchasing an additional 1,078 shares during the period. Finally, Salvus Wealth Management LLC increased its stake in Invesco QQQ by 40.4% during the 3rd quarter. Salvus Wealth Management LLC now owns 719 shares of the exchange traded fund's stock valued at $532,000 after buying an additional 207 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ News Summary

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

• Positive Sentiment: Improving market conditions, including lower volatility and a reprieve in oil prices and Treasury yields, helped support risk assets heading into earnings season. Strong software performance and gains in social-media stocks also provided some positive read-through for QQQ’s technology-heavy portfolio. Volatilities Fall On Oil/Yield Reprieve As The S&P Rallies Into Earnings Season
• Positive Sentiment: Invesco continues promoting QQQ as a leading Nasdaq-100 investment ecosystem, which may support long-term investor interest despite short-term volatility. Brian Hartigan on Why Invesco's QQQ Suite Stands Out Among Competitors
• Neutral Sentiment: Trading activity was lighter during the Columbus Day session, which can amplify daily moves and makes the latest decline less conclusive as a signal of changing investor conviction. Low Volume Marks Columbus Day Session
• Neutral Sentiment: Articles comparing QQQ with VOO emphasize the trade-off between QQQ’s concentrated growth and technology exposure and VOO’s broader S&P 500 diversification. The comparison is relevant to long-term allocation decisions but is not a direct trading catalyst. QQQ vs VOO | Comparing NASDAQ-100 and S&P 500
• Negative Sentiment: QQQ remained under pressure after U.S. equities weakened broadly, extending the prior session’s decline. The ETF’s high exposure to growth stocks leaves it particularly sensitive to interest-rate expectations, earnings positioning and profit-taking in megacap technology. QQQ ETF Remains Under Pressure on Tuesday
• Negative Sentiment: Investors remain concerned about elevated Magnificent Seven valuations, rising artificial-intelligence capital spending and potential bubble risks ahead of third-quarter earnings, factors that could increase volatility for QQQ. Guide to Magnificent Seven ETF Investing

Invesco QQQ Stock Down 0.3%

Shares of NASDAQ QQQ opened at $743.57 on Wednesday. The stock has a fifty day moving average price of $726.45 and a two-hundred day moving average price of $701.01. Invesco QQQ has a 1 year low of $555.60 and a 1 year high of $762.86.

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 issued 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 of this dividend 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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