Invesco QQQ $QQQ Stock: Rakuten Investment Management Inc. Decreases Holdings

Key Points

• Rakuten Investment Management cut its QQQ holdings by 68.6% in the third quarter, selling 31,525 shares. It retained 14,409 shares, valued at approximately $10.6 million.
• Other institutional investors reported modest increases or changes to their positions; institutions collectively owned 44.58% of QQQ.
• QQQ faced pressure amid a technology and semiconductor selloff, with technical indicators still showing a strong-sell signal despite an oversold RSI. Its quarterly dividend also fell to $0.7514 per share from $0.8135.

Rakuten Investment Management Inc. trimmed its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 68.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,409 shares of the exchange traded fund's stock after selling 31,525 shares during the quarter. Rakuten Investment Management Inc.'s holdings in Invesco QQQ were worth $10,633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Heartwood Wealth Advisors LLC increased its stake in Invesco QQQ by 0.7% during the 3rd quarter. Heartwood Wealth Advisors LLC now owns 1,952 shares of the exchange traded fund's stock valued at $1,444,000 after purchasing an additional 14 shares in the last quarter. Sherman Wealth Management LLC raised its holdings 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 buying an additional 14 shares during the last quarter. Heritage Wealth Management Inc. lifted its stake in shares of Invesco QQQ by 1.1% in the third quarter. Heritage Wealth Management Inc. now owns 1,328 shares of the exchange traded fund's stock valued at $983,000 after buying an additional 14 shares in the last quarter. Royal Harbor Partners LLC lifted its stake in shares of Invesco QQQ by 4.6% in the third quarter. Royal Harbor Partners LLC now owns 318 shares of the exchange traded fund's stock valued at $235,000 after buying an additional 14 shares in the last quarter. Finally, CAP Partners LLC lifted its stake 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 buying an additional 15 shares in the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ News Roundup

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

• Neutral Sentiment: QQQ’s RSI was reported in oversold territory, but technical indicators still showed a strong-sell signal; oversold conditions alone do not confirm a rebound. QQQ key support and resistance levels to watch
• Negative Sentiment: QQQ saw approximately $80 billion in trading as technology shares sold off. The unusually high activity highlights intense investor repositioning and selling pressure. Invesco QQQ Trust sees record trading volume amid tech selloff
• Negative Sentiment: Semiconductor stocks experienced their worst session since 2020, dragging down QQQ and other tech-heavy funds as investors retreated from AI and growth shares. QQQ and SMH sink as chip stocks have worst day since 2020
• Negative Sentiment: AMD’s sharp drop added to pressure on chip-focused ETFs and broader index funds, including portfolios with overlapping semiconductor exposure. AMD's Double-Digit Drop Is Rippling Through Your Chip ETFs

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $647.05 on Friday. The firm has a 50-day moving average of $722.27 and a 200-day moving average of $680.09. Invesco QQQ has a one year low of $555.60 and a one year high of $762.86.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Monday, September 21st were paid 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 yield of 0.5%.

Invesco QQQ 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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