Invesco QQQ $QQQ Stock: Smith Chas P & Associates PA Cpas Trims Position

Key Points

• Smith Chas P & Associates PA Cpas reduced its Invesco QQQ position by 3.4% in the third quarter, selling 2,651 shares and retaining 75,437 shares valued at approximately $53.5 million.
• Institutional investors own about 44.58% of QQQ, with several other wealth-management firms modestly increasing their holdings during recent reporting periods.
• QQQ opened at $704.40, below its 50-day moving average, while its quarterly dividend fell to $0.7514 per share, equivalent to an annualized yield of roughly 0.4%; technology volatility, high valuations and AI-spending concerns remain key risks.

Smith Chas P & Associates PA Cpas lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 75,437 shares of the exchange traded fund's stock after selling 2,651 shares during the period. Invesco QQQ accounts for approximately 2.7% of Smith Chas P & Associates PA Cpas' portfolio, making the stock its 13th biggest holding. Smith Chas P & Associates PA Cpas' holdings in Invesco QQQ were worth $53,545,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in QQQ. Heartwood Wealth Advisors LLC raised its stake in Invesco QQQ by 0.7% in 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 during the last quarter. Sherman Wealth Management LLC boosted its stake in shares of Invesco QQQ by 0.8% during the 3rd quarter. Sherman Wealth Management LLC now owns 1,702 shares of the exchange traded fund's stock worth $1,259,000 after purchasing an additional 14 shares during the last quarter. CAP Partners LLC boosted its stake in shares of Invesco QQQ by 3.5% during the 1st quarter. CAP Partners LLC now owns 444 shares of the exchange traded fund's stock worth $256,000 after purchasing an additional 15 shares during the last quarter. Durante & Waters LLC boosted its stake in shares of Invesco QQQ by 1.1% during the 1st quarter. Durante & Waters LLC now owns 1,425 shares of the exchange traded fund's stock worth $822,000 after purchasing an additional 15 shares during the last quarter. Finally, Roxbury Financial LLC grew its holdings in shares of Invesco QQQ by 19.7% during the second quarter. Roxbury Financial LLC now owns 91 shares of the exchange traded fund's stock worth $67,000 after buying an additional 15 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ News Summary

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

• Positive Sentiment: Technology stocks had recently led a Nasdaq rebound, supporting QQQ as investors continued to favor major growth companies and AI-related leaders. Technology Stocks Pop, Lead Nasdaq Higher
• Positive Sentiment: QQQ was described as inching higher during Friday’s session, suggesting some dip-buying and stabilization after recent technology-sector volatility. Here’s Why the Invesco QQQ Trust ETF Is Inching Higher Today, October 23
• Neutral Sentiment: The launch of Tuttle Capital’s QQDH, an actively managed ETF using Nasdaq-100 exposure and options strategies, increases the range of competing Nasdaq-focused products but does not directly change QQQ’s holdings or fundamentals. Tuttle Capital Launches QQDH
• Neutral Sentiment: Invesco’s new international-innovator ETF, QQI, may broaden the company’s product lineup, though its higher costs and lower liquidity make it more of a complementary product than a direct replacement for QQQ. Invesco Launches QQI
• Negative Sentiment: Pre-market weakness in equity ETFs and renewed worries that massive AI capital expenditures may not generate adequate returns pressured growth-oriented funds such as QQQ. ETFs and Futures Lower Amid AI Spending Concerns
• Negative Sentiment: A recent technology sell-off and rotation into defensive stocks highlighted investor caution toward elevated technology valuations. Higher interest rates and credit-market concerns also remain headwinds for QQQ’s long-duration growth holdings. Tech Sell-Off Leads to Defensive Stocks

Invesco QQQ Trading Down 0.0%

Shares of NASDAQ QQQ opened at $704.40 on Friday. The company has a 50-day simple moving average of $725.57 and a 200-day simple moving average of $708.07. Invesco QQQ has a 12 month low of $555.60 and a 12 month high of $762.86.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Monday, September 21st were paid a $0.7514 dividend. This represents a $3.01 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, September 21st. This is a decrease from Invesco QQQ's previous quarterly dividend of $0.8135.

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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