Invesco QQQ $QQQ Stock Sold by Charles Schwab Trust Co

Key Points

• Charles Schwab Trust Co. reduced its Invesco QQQ stake by 43.9% in the third quarter, selling 4,031 shares and retaining 5,144 shares valued at approximately $3.8 million.
• QQQ opened at $728, near its 12-month high of $762.86, while institutional investors and hedge funds collectively own 44.58% of the fund.
• Invesco QQQ’s quarterly dividend fell to $0.7514 per share from $0.8135, producing an annualized yield of about 0.4%; rising inflation and interest-rate concerns may pressure its technology-heavy portfolio.

Charles Schwab Trust Co lessened its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 43.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,144 shares of the exchange traded fund's stock after selling 4,031 shares during the quarter. Charles Schwab Trust Co's holdings in Invesco QQQ were worth $3,805,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in QQQ. High Point Wealth Management LLC lifted its holdings in Invesco QQQ by 68.0% during the second quarter. High Point Wealth Management LLC now owns 42 shares of the exchange traded fund's stock valued at $31,000 after purchasing an additional 17 shares in the last quarter. Parvin Asset Management LLC acquired a new stake in shares of Invesco QQQ in the first quarter valued at about $28,000. Financial Management Professionals Inc. increased its stake in shares of Invesco QQQ by 83.3% during the second quarter. Financial Management Professionals Inc. now owns 55 shares of the exchange traded fund's stock worth $41,000 after purchasing an additional 25 shares in the last quarter. Bullseye Investment Management LLC purchased a new stake in shares of Invesco QQQ during the second quarter worth about $44,000. Finally, Wealth Preservation Advisors LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter worth about $50,000. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

QQQ opened at $728.00 on Friday. Invesco QQQ has a twelve month low of $555.60 and a twelve month high of $762.86. The company has a 50-day moving average price of $726.95 and a 200 day moving average price of $703.27.

Invesco QQQ Cuts Dividend

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

Key Stories Impacting Invesco QQQ

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

• Positive Sentiment: Some market strategists believe the recent washout could clear excesses and set the stage for a year-end rally, potentially benefiting QQQ if risk appetite returns. Earnings strength across major technology companies is another potential catalyst. Why This Market Washout Will Spark a Year-End Rally
• Neutral Sentiment: QQQ’s rules exclude financial companies and limit the fund’s exposure to banks, Berkshire Hathaway, Visa, and some other major businesses. That creates a concentrated technology and growth profile: it can outperform during technology-led rallies but lag when financial stocks lead. Invesco QQQ Does Not Own a Single Bank
• Neutral Sentiment: Investors are also comparing QQQ with buffered ETFs that use options to provide downside protection while capping upside. Such products may attract defensive capital, although they do not directly change QQQ’s holdings or fundamentals. 3 ETFs Built to Protect Your Money if the Bull Market Breaks
• Negative Sentiment: September CPI was reported at 3.7%, with core inflation and services prices described as accelerating. This has increased expectations for a potential Federal Reserve rate hike, lifting bond yields and reducing the appeal of long-duration technology stocks. Hot September CPI: Why an October Fed Rate Hike Is Now in Play
• Negative Sentiment: QQQ’s failed breakout, weak market breadth, stretched valuations, and signs of semiconductor weakness are encouraging investors to rotate toward utilities, consumer staples, and energy. A sharp overnight decline in Japan’s Nikkei added to the day’s risk-off pressure. Failed Breakout in Tech? 3 Sectors Leading the Market Rotation

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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