Invesco QQQ $QQQ Stock: Thurston Springer Miller Herd & Titak Inc. Trims Holdings

Key Points

• Thurston Springer Miller Herd & Titak Inc. cut its QQQ stake by 64.4% in the third quarter, selling 2,016 shares and retaining 1,116 shares worth approximately $826,000. Institutional investors own 44.58% of QQQ.
• QQQ shares fell 1.9% to $729.37, while the ETF’s quarterly dividend declined to $0.7514 per share, representing an annualized yield of about 0.4%.
• Higher rates, deteriorating market breadth and concerns over AI spending are creating near-term pressure for QQQ’s concentrated mega-cap technology holdings, although continued strength in technology earnings could support the fund.

Thurston Springer Miller Herd & Titak Inc. decreased its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 64.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,116 shares of the exchange traded fund's stock after selling 2,016 shares during the period. Invesco QQQ accounts for approximately 1.4% of Thurston Springer Miller Herd & Titak Inc.'s holdings, making the stock its 8th largest position. Thurston Springer Miller Herd & Titak Inc.'s holdings in Invesco QQQ were worth $826,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Koa Wealth Management LLC increased its holdings in shares of Invesco QQQ by 3.1% during the 3rd quarter. Koa Wealth Management LLC now owns 891 shares of the exchange traded fund's stock worth $659,000 after acquiring an additional 27 shares during the last quarter. Fearless Solutions LLC dba Best Invest raised its stake in Invesco QQQ by 1.6% in the 3rd quarter. Fearless Solutions LLC dba Best Invest now owns 1,112 shares of the exchange traded fund's stock valued at $822,000 after acquiring an additional 17 shares during the period. Focus Financial Network Inc. lifted its holdings in Invesco QQQ by 1.5% during the 3rd quarter. Focus Financial Network Inc. now owns 163,415 shares of the exchange traded fund's stock valued at $120,889,000 after purchasing an additional 2,395 shares during the last quarter. My Personal CFO LLC lifted its holdings in Invesco QQQ by 1.3% during the 3rd quarter. My Personal CFO LLC now owns 14,583 shares of the exchange traded fund's stock valued at $10,788,000 after purchasing an additional 182 shares during the last quarter. Finally, Liberty Atlantic Advisors LLC boosted its position in Invesco QQQ by 31.8% during the third quarter. Liberty Atlantic Advisors LLC now owns 1,112 shares of the exchange traded fund's stock worth $823,000 after purchasing an additional 268 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ News Summary

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

• Positive Sentiment: Several articles highlight continued strength in technology leadership, including resilient software performance and optimism surrounding artificial-intelligence earnings and spending. Strong results or guidance from QQQ’s large technology holdings could help restore momentum during the upcoming earnings season. Software ETF article Earnings article
• Neutral Sentiment: QQQ’s concentration in mega-cap technology companies remains both a long-term advantage and a risk. Comparisons with broader-market ETFs such as VOO emphasize QQQ’s greater growth and technology exposure, while alternative technology ETFs focused on emerging markets may attract some investor interest without directly changing QQQ’s holdings. QQQ versus VOO article Technology ETF article
• Negative Sentiment: September consumer-price data was described as unexpectedly hot, reviving the possibility of an October Federal Reserve rate hike. Higher rates and bond yields typically pressure long-duration growth stocks by reducing the value of future earnings, making this the most immediate headwind for QQQ. Hot September CPI article September CPI momentum article
• Negative Sentiment: Market breadth has deteriorated, semiconductor shares have begun to roll over, and QQQ’s failed breakout has raised the risk that buyers were trapped near the highs. Capital is rotating toward utilities, consumer staples and energy, suggesting investors are reducing exposure to richly valued growth stocks. Market breadth article
• Negative Sentiment: Concerns that artificial-intelligence capital expenditures are vulnerable to higher financing costs, excessive valuations and a potential liquidity shock are adding pressure to the AI-heavy Nasdaq-100. AI capital-expenditure article AI industry risks article

Invesco QQQ Trading Down 1.9%

QQQ stock traded down $14.20 during midday trading on Wednesday, reaching $729.37. 24,655,962 shares of the company were exchanged, compared to its average volume of 47,764,305. Invesco QQQ has a one year low of $555.60 and a one year high of $762.86. The business has a 50-day moving average price of $726.45 and a two-hundred day moving average price of $701.01.

Invesco QQQ Cuts Dividend

The business also recently announced 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. 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 drop from Invesco QQQ's previous quarterly dividend of $0.8135.

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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