Invesco QQQ $QQQ Stock: Winthrop Advisory Group LLC Trims Stake

Key Points

• Winthrop Advisory Group LLC reduced its Invesco QQQ stake by 1.8% in the third quarter, selling 2,257 shares and retaining 125,022 shares valued at approximately $92.6 million.
• QQQ opened at $704.40, with a 1-year trading range of $555.60 to $762.86. Institutional investors collectively own 44.58% of the fund.
• Invesco QQQ’s quarterly dividend fell to $0.7514 per share from $0.8135, representing an annualized dividend of $3.01 and a yield of about 0.4%; technology-sector volatility and concerns about AI spending remain key risks.

Winthrop Advisory Group LLC lowered its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 125,022 shares of the exchange traded fund's stock after selling 2,257 shares during the quarter. Invesco QQQ comprises approximately 5.7% of Winthrop Advisory Group LLC's holdings, making the stock its 5th largest holding. Winthrop Advisory Group LLC's holdings in Invesco QQQ were worth $92,581,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Parvin Asset Management LLC purchased a new position in shares of Invesco QQQ during the first quarter valued at about $28,000. High Point Wealth Management LLC increased its holdings in shares of 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 worth $31,000 after purchasing an additional 17 shares during the last quarter. Financial Management Professionals Inc. lifted its position in shares of Invesco QQQ by 83.3% in the second quarter. Financial Management Professionals Inc. now owns 55 shares of the exchange traded fund's stock worth $41,000 after buying an additional 25 shares in the last quarter. Bullseye Investment Management LLC bought a new position in Invesco QQQ during the second quarter valued at approximately $44,000. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its stake in Invesco QQQ by 146.7% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 111 shares of the exchange traded fund's stock valued at $64,000 after buying an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $704.40 on Monday. The business has a 50 day simple moving average of $725.57 and a two-hundred day simple moving average of $708.91. Invesco QQQ has a 1-year low of $555.60 and a 1-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 issued a dividend of $0.7514 per share. This is a negative change from Invesco QQQ's previous quarterly dividend of $0.8135. The ex-dividend date of this dividend was Monday, September 21st. This represents a $3.01 annualized dividend and a dividend yield of 0.4%.

Key Invesco QQQ News

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 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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