Invesco QQQ $QQQ Stock Holdings Lessened by Worth Asset Management LLC

Key Points

• Worth Asset Management cut its Invesco QQQ position by 70.9% in the third quarter, selling 11,847 shares and retaining 4,872 shares valued at approximately $3.6 million.
• Other institutional investors generally increased their QQQ holdings, with Corient Private Wealth making a particularly large purchase; institutions collectively own 44.58% of the ETF.
• QQQ recently traded near its 52-week high at $757.25, while its quarterly dividend fell to $0.7514 per share from $0.8135, implying an annualized yield of about 0.4%.

Worth Asset Management LLC trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 70.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,872 shares of the exchange traded fund's stock after selling 11,847 shares during the quarter. Invesco QQQ accounts for approximately 1.1% of Worth Asset Management LLC's holdings, making the stock its 21st biggest holding. Worth Asset Management LLC's holdings in Invesco QQQ were worth $3,604,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in QQQ. Corient Private Wealth LLC raised its holdings in shares of Invesco QQQ by 3,567.7% in the fourth quarter. Corient Private Wealth LLC now owns 21,436,917 shares of the exchange traded fund's stock worth $13,168,912,000 after buying an additional 20,852,432 shares during the period. Envestnet Asset Management Inc. boosted its holdings 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 valued at $2,237,606,000 after purchasing an additional 30,083 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Invesco QQQ by 21.4% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,025,000 shares of the exchange traded fund's stock worth $1,858,288,000 after purchasing an additional 534,000 shares during the period. Analyst IMS Investment Management Services Ltd. lifted its holdings in shares of 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 worth $1,316,358,000 after buying an additional 4,751 shares during the period. Finally, 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 valued at $906,272,000 after buying an additional 36,923 shares during the period. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Down 0.3%

NASDAQ:QQQ traded down $2.41 during mid-day trading on Wednesday, reaching $757.25. The company's stock had a trading volume of 14,469,608 shares, compared to its average volume of 48,183,246. The stock has a fifty day moving average of $720.67 and a 200-day moving average of $695.30. 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 announced a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Monday, September 21st will be given a dividend of $0.7514 per share. This is a drop from Invesco QQQ's previous quarterly dividend of $0.8135. The ex-dividend date of this dividend is Monday, September 21st. This represents a $3.01 annualized dividend and a yield of 0.4%.

Key Invesco QQQ News

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

• Positive Sentiment: Technology stocks continued to lead the market, supporting QQQ’s exposure to major Nasdaq-100 constituents. A “risk-on” session and ongoing AI investment remain important catalysts. Markets Take Off As Tech Stocks Rally
• Positive Sentiment: QQQ’s more than 23% year-to-date gain reflects strong momentum in mega-cap technology, AI-related earnings expectations and investor preference for companies with structural growth. What’s Driving QQQ Higher
• Positive Sentiment: Analysts arguing that a U.S. recession is not imminent provide a favorable backdrop for cyclical technology spending, corporate profits and equity valuations. A U.S. Recession Still Isn't Imminent
• Positive Sentiment: Some investors view AI exposure as a hedge against inflation and believe the technology can support earnings growth even if broader macroeconomic conditions remain uncertain. AI Is the New Inflation Hedge
• Neutral Sentiment: Weak employment data could eventually encourage easier Federal Reserve policy, which would benefit growth stocks, but commentary that the Fed may largely ignore the report limits the immediate bullish impact for QQQ. Employment Report
• Neutral Sentiment: Revised inflation data reportedly do not materially change the Fed’s policy challenge, leaving interest-rate expectations as a continuing source of volatility for high-growth technology stocks. Revised Inflation Data
• Neutral Sentiment: QQQ’s strong five-year performance compared with ARKK highlights the appeal of profitable mega-cap technology, although the comparison is affected by the selected measurement dates. Cathie Wood Discusses ARKK and QQQ
• Negative Sentiment: Recent commentary warns that the AI trade may be forming a bubble. Any disappointment in AI spending, earnings or monetization could trigger profit-taking across QQQ’s concentrated technology holdings. Pop Goes the AI Bubble?
• Negative Sentiment: The Nasdaq’s record levels and declining market breadth have raised concerns that gains are being driven by too few companies, increasing concentration and reversal risk for QQQ. Nasdaq at All-Time Highs
• Negative Sentiment: Credit-market warnings, rising yields and concerns about an increasingly irrational market could pressure richly valued growth stocks if risk appetite deteriorates. Credit Markets Signal a Reckoning

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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