Invesco QQQ $QQQ Stock Sold by Genesee Capital Advisors LLC

Key Points

• Genesee Capital Advisors trimmed its Invesco QQQ position by 6.9% in the third quarter, selling 1,502 shares and retaining 20,250 shares worth approximately $14.98 million. QQQ remains the firm’s fourth-largest holding at 4.8% of its portfolio.
• QQQ shares opened at $717.63, below the 50-day moving average of $726.62 but above the 200-day average of $706.27; the fund’s 12-month range is $555.60 to $762.86.
• Invesco QQQ’s quarterly dividend fell to $0.7514 per share from $0.8135, implying an annualized dividend of $3.01 and a 0.4% yield. Institutional investors and hedge funds collectively own 44.58% of the fund.

Genesee Capital Advisors LLC trimmed its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 6.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,250 shares of the exchange traded fund's stock after selling 1,502 shares during the period. Invesco QQQ makes up approximately 4.8% of Genesee Capital Advisors LLC's holdings, making the stock its 4th biggest holding. Genesee Capital Advisors LLC's holdings in Invesco QQQ were worth $14,981,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Parvin Asset Management LLC acquired a new position in Invesco QQQ during the first quarter valued at approximately $28,000. High Point Wealth Management LLC increased its stake in Invesco QQQ by 68.0% in 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. Financial Management Professionals Inc. increased its stake in Invesco QQQ by 83.3% in the second quarter. Financial Management Professionals Inc. now owns 55 shares of the exchange traded fund's stock valued at $41,000 after purchasing an additional 25 shares in the last quarter. Bullseye Investment Management LLC acquired a new stake in Invesco QQQ in the second quarter worth $44,000. Finally, Annis Gardner Whiting Capital Advisors LLC raised its holdings in Invesco QQQ by 146.7% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 111 shares of the exchange traded fund's stock worth $64,000 after purchasing an additional 66 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $717.63 on Wednesday. The company's fifty day moving average is $726.62 and its 200-day moving average is $706.27. Invesco QQQ has a twelve month low of $555.60 and a twelve month high of $762.86.

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

Key Headlines Impacting Invesco QQQ

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

• Positive Sentiment: Broad-market ETFs advanced after midday, suggesting improving risk appetite that could provide support for QQQ and its large-cap growth holdings. Exchange-Traded Funds Gain as US Equities Advance After Midday
• Positive Sentiment: Investors continued buying technology stocks on weakness, indicating that dip buyers remain active despite the recent volatility in the Nasdaq-100. Tech Investors Bought The Dips
• Positive Sentiment: Invesco QQQ recently added NVIDIA and Apple, reinforcing exposure to two major technology leaders that can benefit if AI investment and growth-stock demand remain strong. Invesco QQQ Adds NVIDIA and Apple on Oct. 15
• Positive Sentiment: QQQ attracted approximately $1.66 billion in inflows, highlighting continued investor demand for Nasdaq-100 exposure despite concerns about fees and valuation. QQQ Pulled In $1.66 Billion
• Neutral Sentiment: Elevated inflation and faster growth expectations are creating uncertainty over future interest-rate policy. Higher rates could pressure growth-stock valuations, although stronger economic activity may support earnings. GDP Nowcasts Point To Faster Growth As Inflation Risks Mount
• Negative Sentiment: Several market commentaries warned that AI enthusiasm, high valuations and weakening credit conditions could produce a broader technology selloff. These concerns are particularly relevant to QQQ because of its heavy exposure to AI-linked mega-cap stocks. The S&P 500 Mirage
• Negative Sentiment: Recent weakness in technology and fears that the AI boom could end like previous market bubbles are weighing on investor confidence and limiting upside for QQQ today. All Booms End In A Bust - The AI Boom Is Likely No Different

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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