Invesco QQQ $QQQ Stock Sold by Brandywine Oak Private Wealth LLC

Key Points

• Brandywine Oak Private Wealth LLC reduced its Invesco QQQ position by 24% in the third quarter, selling 1,560 shares and retaining 4,937 shares valued at approximately $3.65 million.
• Other institutional investors adjusted their holdings, with several smaller funds increasing or initiating positions; institutional investors and hedge funds collectively own 44.58% of QQQ.
• QQQ opened at $712.20, while its quarterly dividend fell to $0.7514 per share from $0.8135, representing an annualized yield of approximately 0.4%.

Brandywine Oak Private Wealth LLC lessened its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 24.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,937 shares of the exchange traded fund's stock after selling 1,560 shares during the quarter. Brandywine Oak Private Wealth LLC's holdings in Invesco QQQ were worth $3,652,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of QQQ. Parvin Asset Management LLC acquired a new position in Invesco QQQ in the 1st quarter worth approximately $28,000. High Point Wealth Management LLC lifted its stake in Invesco QQQ by 68.0% during the 2nd quarter. High Point Wealth Management LLC now owns 42 shares of the exchange traded fund's stock valued at $31,000 after acquiring an additional 17 shares during the period. Financial Management Professionals Inc. lifted its stake in Invesco QQQ by 83.3% during the 2nd quarter. Financial Management Professionals Inc. now owns 55 shares of the exchange traded fund's stock valued at $41,000 after acquiring an additional 25 shares during the period. Bullseye Investment Management LLC acquired a new stake in Invesco QQQ during the 2nd quarter valued at approximately $44,000. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its holdings in shares of Invesco QQQ by 146.7% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 111 shares of the exchange traded fund's stock valued at $64,000 after acquiring an additional 66 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ News Summary

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

• Positive Sentiment: Pre-market strength in broad-market ETFs and equity futures suggests a supportive risk-on backdrop for QQQ, while investors anticipate earnings from major technology companies and potential clarity from the Federal Reserve. Exchange-Traded Funds, Equity Futures Higher Pre-Bell Monday Ahead of Big Tech Earnings, Fed Decision
• Positive Sentiment: One market analysis argues that the bull market is broadening beyond a narrow group of technology leaders, potentially reducing concentration risk and supporting continued gains across QQQ’s holdings. The Bull Market Is Maturing And Broadening
• Neutral Sentiment: QQQ reportedly sold an additional $14.3 million of NVIDIA shares, following a previously reported NVIDIA sale. These transactions appear to reflect fund rebalancing rather than a discretionary bearish call, but they can modestly affect exposure to one of QQQ’s largest holdings. INVESCO QQQ Trust (QQQ) Sells $14.3 Million More NVIDIA on Thursday
• Neutral Sentiment: Reported short interest was zero shares, providing no evidence of an active short-selling overhang; the unusual figure may reflect reporting or data limitations.
• Negative Sentiment: Investors remain concerned that elevated AI spending and valuations may not be matched by sufficient monetization. A disappointing technology earnings season could therefore pressure QQQ, which has benefited substantially from the AI trade. I Was Wrong: This Is Not The Bottom For AI Stocks
• Negative Sentiment: Comparisons with cheaper Nasdaq-100 funds highlight QQQ’s higher expense ratio, which could create a modest long-term drag and encourage some investors to switch, although taxes and transaction costs may outweigh the savings. Forget QQQ: The Company Behind It Runs the Same Index for $30 Less a Year on a $100K Balance

Invesco QQQ Stock Up 1.1%

QQQ stock opened at $712.20 on Tuesday. The firm's fifty day simple moving average is $725.81 and its 200-day simple moving average is $676.80. Invesco QQQ has a 12 month low of $555.60 and a 12 month high of $762.86.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Monday, September 21st were given a dividend of $0.7514 per share. 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.

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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