Invesco QQQ $QQQ Stock Sold by Courier Capital LLC

Key Points

• Courier Capital LLC cut its Invesco QQQ stake by 90.8% in the third quarter, selling 7,208 shares and retaining 732 shares worth approximately $542,000.
• QQQ shares traded at $743.57, near their 52-week high of $762.86, with the ETF’s 50-day and 200-day moving averages at $726.06 and $699.91, respectively.
• Invesco QQQ’s quarterly dividend fell to $0.7514 from $0.8135, representing an annualized dividend of $3.01 and a 0.4% yield; institutional investors own 44.58% of the fund.

Courier Capital LLC reduced its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 90.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 732 shares of the exchange traded fund's stock after selling 7,208 shares during the period. Courier Capital LLC's holdings in Invesco QQQ were worth $542,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of QQQ. Accel Wealth Management increased its holdings in Invesco QQQ by 10.5% during the 3rd quarter. Accel Wealth Management now owns 11,337 shares of the exchange traded fund's stock worth $8,386,000 after purchasing an additional 1,078 shares during the period. Salvus Wealth Management LLC raised its position in Invesco QQQ by 40.4% during the 3rd quarter. Salvus Wealth Management LLC now owns 719 shares of the exchange traded fund's stock valued at $532,000 after purchasing an additional 207 shares in the last quarter. Downshift Financial LLC raised its position in Invesco QQQ by 7.6% during the 3rd quarter. Downshift Financial LLC now owns 640 shares of the exchange traded fund's stock valued at $473,000 after purchasing an additional 45 shares in the last quarter. Thor Investment Management Inc. OH ADV purchased a new stake in shares of Invesco QQQ in the 3rd quarter worth $222,000. Finally, Financial Futures Ltd Liability Co. lifted its holdings in shares of Invesco QQQ by 1.0% in the 3rd quarter. Financial Futures Ltd Liability Co. now owns 3,448 shares of the exchange traded fund's stock worth $2,551,000 after buying an additional 34 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of QQQ traded down $2.47 during midday trading on Tuesday, reaching $743.57. 28,559,609 shares of the stock were exchanged, compared to its average volume of 47,895,773. Invesco QQQ has a 52 week low of $555.60 and a 52 week high of $762.86. The company's 50 day moving average is $726.06 and its two-hundred day moving average is $699.91.

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 issued a $0.7514 dividend. The ex-dividend date was Monday, September 21st. This is a decrease from Invesco QQQ's previous quarterly dividend of $0.8135. This represents a $3.01 annualized dividend and a dividend yield of 0.4%.

Trending Headlines about Invesco QQQ

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

• Positive Sentiment: Strength in major social-media stocks, including Meta, Snap and Reddit, provided support for QQQ’s communication-services exposure. Truist’s bullish $1,000 price target for Meta, tied to the potential of its Muse artificial-intelligence product, reinforced optimism around AI-driven growth. Social Media Stocks Rally as Truist Sets $1,000 Street-High Meta Target
• Positive Sentiment: Software stocks have staged a sharp recovery since April, highlighting continued investor appetite for growth and technology themes that are heavily represented in QQQ. Everyone Declared Software Dead in April
• Neutral Sentiment: A Columbus Day session featured lighter trading volume, which may be exaggerating intraday moves and makes the ETF’s direction less conclusive. Low Volume Marks Columbus Day Session
• Neutral Sentiment: Market commentary remains mixed: easing volatility, oil prices and bond yields have supported broader equities, while investors are preparing for CPI, PPI and third-quarter earnings reports. Volatilities Fall On Oil/Yield Reprieve
• Negative Sentiment: QQQ’s recent weakness reflects profit-taking and caution after a strong run, with investors questioning whether expensive technology and AI shares can sustain their growth rates ahead of earnings. QQQ ETF Remains Under Pressure on Tuesday
• Negative Sentiment: Rising AI capital-expenditure requirements, high valuations and bubble concerns remain risks for the Magnificent Seven and other heavily weighted QQQ holdings. Guide to Magnificent Seven ETF Investing

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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