Invesco QQQ $QQQ Stock Sold by Elevation Capital Advisory LLC

Key Points

• Elevation Capital Advisory LLC cut its Invesco QQQ stake by 12.4% in the third quarter, selling 1,595 shares and retaining 11,257 shares worth approximately $8.33 million. QQQ represents about 3.3% of the firm’s portfolio.
• Institutional ownership remains significant, with hedge funds and other institutional investors holding 44.58% of QQQ; several smaller wealth managers modestly increased their positions.
• QQQ faces mixed market signals: potential upside from AI and resilient technology demand is offset by earnings disappointments, rising yields, inflation concerns, and concentration in major technology and chip stocks. Its quarterly dividend also fell to $0.7514 per share from $0.8135.

Elevation Capital Advisory LLC reduced its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 12.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,257 shares of the exchange traded fund's stock after selling 1,595 shares during the period. Invesco QQQ makes up about 3.3% of Elevation Capital Advisory LLC's investment portfolio, making the stock its 7th biggest holding. Elevation Capital Advisory LLC's holdings in Invesco QQQ were worth $8,328,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in QQQ. Heartwood Wealth Advisors LLC boosted its position in shares of Invesco QQQ by 0.7% in the third quarter. Heartwood Wealth Advisors LLC now owns 1,952 shares of the exchange traded fund's stock worth $1,444,000 after buying an additional 14 shares during the period. Sherman Wealth Management LLC raised its holdings in shares of Invesco QQQ by 0.8% during the 3rd quarter. Sherman Wealth Management LLC now owns 1,702 shares of the exchange traded fund's stock valued at $1,259,000 after buying an additional 14 shares during the period. Heritage Wealth Management Inc. raised its holdings in shares of Invesco QQQ by 1.1% during the 3rd quarter. Heritage Wealth Management Inc. now owns 1,328 shares of the exchange traded fund's stock valued at $983,000 after buying an additional 14 shares during the period. CAP Partners LLC raised its holdings in shares of Invesco QQQ by 3.5% during the 1st quarter. CAP Partners LLC now owns 444 shares of the exchange traded fund's stock valued at $256,000 after buying an additional 15 shares during the period. Finally, Durante & Waters LLC lifted its position in Invesco QQQ by 1.1% during the 1st quarter. Durante & Waters LLC now owns 1,425 shares of the exchange traded fund's stock worth $822,000 after acquiring an additional 15 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Invesco QQQ

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

• Positive Sentiment: An AI-based analyst model projects more than 12% upside for QQQ, supporting the ETF’s longer-term growth case despite near-term volatility. These 3 ETFs Have 12%+ Upside, According to the AI Analyst
• Positive Sentiment: Stronger-than-expected third-quarter GDP, driven partly by computer-equipment investment, and resilient consumer spending indicate that the economy remains supportive of corporate technology demand. Record Increase In Computer Equipment Drives 2026Q3 GDP Above Expectations
• Neutral Sentiment: QQQ continues to provide broad Nasdaq-100 exposure, but its heavy weighting in a small group of chipmakers and technology platforms leaves investors especially sensitive to earnings and interest-rate news. This Little-Known ETF Owns QQQ's Stocks Without the Big Bet on Nvidia
• Negative Sentiment: Nasdaq futures and technology ETFs are falling as Amazon and Intel plunge following disappointing earnings, raising concerns about slowing demand and elevated tech-sector valuations. Stock Market Today: Nasdaq Dives As Amazon, Intel Plunge On Earnings
• Negative Sentiment: Alphabet’s unusually large post-earnings decline is directly weighing on QQQ because Alphabet is a major Nasdaq-100 holding, while also pulling other technology shares lower. Alphabet Is Having Its Worst Earnings Day Ever
• Negative Sentiment: Investors remain concerned that persistent inflation, rising bond yields, potential future Federal Reserve tightening, and heavy AI-related borrowing could pressure growth-stock valuations. Why Rising Rates Could Break the Bull Market Before AI Spending Can Save It

Invesco QQQ Price Performance

Invesco QQQ stock opened at $690.49 on Friday. The stock's 50 day moving average price is $725.00 and its 200 day moving average price is $679.01. Invesco QQQ has a one year low of $555.60 and a one year high of $762.86.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Monday, September 21st were paid a dividend of $0.7514 per share. 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 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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