Invesco QQQ $QQQ Stock Holdings Cut by Bell Bank

Key Points

• Bell Bank reduced its Invesco QQQ position by 2.1% in the third quarter, selling 7,493 shares and retaining 347,988 shares valued at approximately $257.4 million. QQQ remains Bell Bank’s fourth-largest holding, representing about 9.7% of its portfolio.
• Institutional ownership remains substantial at 44.58%, with several major investors increasing their stakes; GoalVest Advisory made the largest reported addition, expanding its position by more than 20,000%.
• QQQ opened at $725.20, near its 50-day moving average, while its quarterly dividend fell to $0.7514 from $0.8135, producing an annualized yield of approximately 0.4%.

Bell Bank lessened its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 2.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 347,988 shares of the exchange traded fund's stock after selling 7,493 shares during the quarter. Invesco QQQ accounts for approximately 9.7% of Bell Bank's holdings, making the stock its 4th largest holding. Bell Bank owned 0.05% of Invesco QQQ worth $257,431,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Envestnet Asset Management Inc. lifted its position in shares of Invesco QQQ by 1.0% in 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 in the last quarter. Analyst IMS Investment Management Services Ltd. grew its stake in Invesco QQQ by 0.3% in the 2nd quarter. Analyst IMS Investment Management Services Ltd. now owns 1,787,559 shares of the exchange traded fund's stock valued at $1,316,358,000 after buying an additional 4,751 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of Invesco QQQ by 3.1% during the second quarter. HighTower Advisors LLC now owns 1,230,679 shares of the exchange traded fund's stock worth $906,272,000 after purchasing an additional 36,923 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of Invesco QQQ by 1.1% during the first quarter. Janney Montgomery Scott LLC now owns 850,685 shares of the exchange traded fund's stock worth $490,998,000 after buying an additional 9,542 shares in the last quarter. Finally, GoalVest Advisory LLC raised its stake in Invesco QQQ by 20,256.6% in the 3rd quarter. GoalVest Advisory LLC now owns 613,955 shares of the exchange traded fund's stock worth $454,185,000 after purchasing an additional 610,939 shares in the last quarter. Institutional investors own 44.58% of the company's stock.

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 Stock Performance

Invesco QQQ stock opened at $725.20 on Thursday. Invesco QQQ has a one year low of $555.60 and a one year high of $762.86. The stock's fifty day moving average price is $726.65 and its two-hundred day moving average price is $707.26.

Invesco QQQ Cuts Dividend

The firm also recently announced 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. This represents a $3.01 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, September 21st.

About Invesco QQQ

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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