Kestra Private Wealth Services LLC Sells 1,699 Shares of Invesco QQQ $QQQ

Key Points

• Kestra Private Wealth Services trimmed its Invesco QQQ stake by 1% (1,699 shares) in the third quarter. It still held 170,841 shares worth about $126.4 million, making QQQ its sixth-largest holding.
• Institutional investors and hedge funds own 44.58% of QQQ; several major investors increased their holdings, including GoalVest Advisory and Corient Private Wealth.
• QQQ’s latest quarterly dividend declined to $0.7514 per share from $0.8135, an annualized yield of about 0.4%.

Kestra Private Wealth Services LLC reduced its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 170,841 shares of the exchange traded fund's stock after selling 1,699 shares during the period. Invesco QQQ makes up about 1.3% of Kestra Private Wealth Services LLC's holdings, making the stock its 6th biggest holding. Kestra Private Wealth Services LLC's holdings in Invesco QQQ were worth $126,383,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Envestnet Asset Management Inc. lifted its stake in shares of Invesco QQQ by 1.0% in the second quarter. Envestnet Asset Management Inc. now owns 3,038,610 shares of the exchange traded fund's stock worth $2,237,606,000 after acquiring an additional 30,083 shares in the last quarter. Analyst IMS Investment Management Services Ltd. boosted its holdings in Invesco QQQ by 0.3% in the second quarter. Analyst IMS Investment Management Services Ltd. now owns 1,787,559 shares of the exchange traded fund's stock valued at $1,316,358,000 after purchasing an additional 4,751 shares during the last quarter. HighTower Advisors LLC grew its stake in Invesco QQQ by 3.1% during the 2nd quarter. HighTower Advisors LLC now owns 1,230,679 shares of the exchange traded fund's stock valued at $906,272,000 after purchasing an additional 36,923 shares in the last quarter. GoalVest Advisory LLC grew its stake in Invesco QQQ by 20,256.6% during the 3rd quarter. GoalVest Advisory LLC now owns 613,955 shares of the exchange traded fund's stock valued at $454,185,000 after purchasing an additional 610,939 shares in the last quarter. Finally, Corient Private Wealth LP grew its stake in Invesco QQQ by 506.8% during the 2nd quarter. Corient Private Wealth LP now owns 545,270 shares of the exchange traded fund's stock valued at $401,553,000 after purchasing an additional 455,412 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

More Invesco QQQ News

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

• Positive Sentiment: QQQ’s holdings moved higher alongside Wednesday’s advance in U.S. equities, and a separate report described technology stocks rebounding. That recovery may help the fund, which is heavily exposed to large growth and technology companies. Exchange-Traded Funds Higher as US Equities Advance After Midday Tech Stocks Rebound To Take Center Stage - Again
• Positive Sentiment: QQQ added to all 101 of its positions on Monday, buying $3.88 billion in stocks, including Apple and NVIDIA. This indicates broad portfolio accumulation, though it does not necessarily represent investor inflows into QQQ itself. INVESCO QQQ (QQQ) Adds Apple and NVIDIA on Monday
• Neutral Sentiment: Historical analysis cited by market commentators suggests stocks have often performed well in the months following U.S. midterm elections. That seasonal pattern may support sentiment, but it does not guarantee a rebound in QQQ. Stocks Have Always Risen After Midterm Elections
• Negative Sentiment: The Nasdaq-100 has entered correction territory after falling more than 10% from its October highs, with AI-industry concerns weighing on technology shares. Continued volatility or further weakness in major tech holdings could pressure QQQ. Nasdaq 100 and QQQ have sunk into a correction: will they rebound after midterms?
• Negative Sentiment: A stronger economy may complicate the inflation fight, potentially keeping interest rates elevated for longer—a headwind for growth-oriented stocks. A Stronger Economy May Complicate The Inflation Fight

Invesco QQQ Stock Performance

QQQ stock opened at $691.95 on Thursday. Invesco QQQ has a 52-week low of $555.60 and a 52-week high of $762.86. The stock's 50 day moving average is $723.55 and its two-hundred day moving average is $679.96.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Monday, September 21st were given a dividend of $0.7514 per share. The ex-dividend date of this dividend was Monday, September 21st. 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%.

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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