Invesco QQQ $QQQ Stock Sold by Axxcess Wealth Management LLC

Key Points

• Axxcess Wealth Management reduced its Invesco QQQ position by 11.1% in the third quarter, selling 5,730 shares and retaining 45,939 shares valued at approximately $33.98 million.
• Institutional activity was mixed: several funds significantly increased or initiated QQQ positions, while institutional investors and hedge funds collectively owned 44.58% of the ETF.
• QQQ opened at $704.47, below its 50-day moving average of $726.10, while its quarterly dividend fell to $0.7514 per share from $0.8135, implying a 0.4% yield.

Axxcess Wealth Management LLC lessened its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 11.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,939 shares of the exchange traded fund's stock after selling 5,730 shares during the period. Invesco QQQ accounts for approximately 1.4% of Axxcess Wealth Management LLC's investment portfolio, making the stock its 10th biggest position. Axxcess Wealth Management LLC's holdings in Invesco QQQ were worth $33,984,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of QQQ. GoalVest Advisory LLC boosted its holdings in shares of Invesco QQQ by 20,256.6% during 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 during the last quarter. Corient Private Wealth LP grew its position in shares of Invesco QQQ by 506.8% in the second quarter. Corient Private Wealth LP now owns 545,270 shares of the exchange traded fund's stock valued at $401,553,000 after purchasing an additional 455,412 shares in the last quarter. Alaska Permanent Fund Corp acquired a new stake in shares of Invesco QQQ in the second quarter valued at approximately $207,072,000. Senator Investment Group LP acquired a new stake in shares of Invesco QQQ in the second quarter valued at approximately $157,221,000. Finally, Ascentis Wealth Management LLC increased its holdings in shares of Invesco QQQ by 74,117.2% in the second quarter. Ascentis Wealth Management LLC now owns 194,449 shares of the exchange traded fund's stock valued at $143,192,000 after purchasing an additional 194,187 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Key Invesco QQQ News

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

• Positive Sentiment: QQQ remains a key vehicle for investors seeking exposure to leading technology and artificial-intelligence companies. A prior Nasdaq rally, led by technology stocks, shows that risk appetite can return quickly if earnings or rate expectations improve. Technology Stocks Pop, Lead Nasdaq Higher
• Neutral Sentiment: A fund-trading report said QQQ sold shares on October 20, with NVIDIA among the leading transactions. The activity may reflect routine portfolio rebalancing rather than a fundamental change in QQQ’s investment outlook. What INVESCO QQQ Trust Sold: NVIDIA Leads on Oct. 20
• Negative Sentiment: Broad U.S. equity ETFs, including IWM and IVV, moved lower after midday, reinforcing the market-wide risk-off tone affecting QQQ and other growth-oriented funds. Exchange-Traded Funds, US Equities Lower After Midday
• Negative Sentiment: Several market commentaries warned that credit-market stress, elevated Treasury yields and the Federal Reserve’s rate outlook could pressure high-growth valuations. Because QQQ is heavily weighted toward long-duration technology stocks, higher borrowing costs and discount rates are particularly unfavorable. Credit Markets Are Signaling Trouble Ahead in 2027
• Negative Sentiment: Concerns that the AI capital-spending boom may be slowing or producing weaker returns have increased the risk of a pullback in semiconductor and mega-cap technology shares, important components of QQQ. The AI Spending Boom May Have Just Taken a Turn for the Worse

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $704.47 on Friday. The business has a fifty day moving average of $726.10 and a two-hundred day moving average of $708.10. Invesco QQQ has a 52-week low of $555.60 and a 52-week high of $762.86.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Monday, September 21st were issued a dividend of $0.7514 per share. The ex-dividend date was Monday, September 21st. This represents a $3.01 annualized dividend and a dividend yield of 0.4%. This is a drop from Invesco QQQ's previous quarterly dividend of $0.8135.

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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