Invesco QQQ $QQQ Stock Sold by Citizens Financial Group Inc. RI

Key Points

• Citizens Financial Group reduced its Invesco QQQ stake by 4.4% in the third quarter, selling 4,806 shares and retaining 103,463 shares valued at approximately $76.6 million.
• Institutional interest was mixed: several large investors significantly increased or initiated positions, while hedge funds and other institutions collectively owned 44.58% of QQQ.
• QQQ opened at $704.40, within a 52-week range of $555.60 to $762.86. Its quarterly dividend fell to $0.7514 from $0.8135, representing an annualized yield of approximately 0.4%.

Citizens Financial Group Inc. RI cut its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 4.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 103,463 shares of the exchange traded fund's stock after selling 4,806 shares during the quarter. Invesco QQQ accounts for approximately 0.9% of Citizens Financial Group Inc. RI's holdings, making the stock its 25th biggest position. Citizens Financial Group Inc. RI's holdings in Invesco QQQ were worth $76,615,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. GoalVest Advisory LLC lifted its holdings in Invesco QQQ by 20,256.6% in the third quarter. GoalVest Advisory LLC now owns 613,955 shares of the exchange traded fund's stock valued at $454,185,000 after acquiring an additional 610,939 shares during the period. Corient Private Wealth LP raised its holdings in Invesco QQQ by 506.8% during the second quarter. Corient Private Wealth LP now owns 545,270 shares of the exchange traded fund's stock worth $401,553,000 after purchasing an additional 455,412 shares during the last quarter. Alaska Permanent Fund Corp acquired a new stake in Invesco QQQ in the second quarter valued at $207,072,000. Senator Investment Group LP acquired a new position in shares of Invesco QQQ during the 2nd quarter worth $157,221,000. Finally, Ascentis Wealth Management LLC boosted its position in shares of Invesco QQQ by 74,117.2% in the 2nd quarter. Ascentis Wealth Management LLC now owns 194,449 shares of the exchange traded fund's stock worth $143,192,000 after buying an additional 194,187 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ News Roundup

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 Stock Performance

Shares of Invesco QQQ stock opened at $704.40 on Monday. Invesco QQQ has a 1 year low of $555.60 and a 1 year high of $762.86. The business has a 50 day moving average price of $725.57 and a 200 day moving average price of $708.91.

Invesco QQQ Cuts Dividend

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

About Invesco QQQ

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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