Sigma Planning Corp Sells 8,473 Shares of Invesco QQQ $QQQ

Key Points

• Sigma Planning Corp reduced its Invesco QQQ stake by 7.3%, selling 8,473 shares during the third quarter. It still held 107,254 shares valued at approximately $79.1 million, representing 2.0% of its portfolio.
• Other institutional investors made mixed adjustments, while hedge funds and institutions collectively owned 44.58% of QQQ. The ETF opened at $712.20, with a 52-week range of $555.60 to $762.86.
• QQQ’s latest quarterly dividend fell to $0.7514 per share, equivalent to an annualized $3.01 payout and a 0.4% yield. Investors remain focused on technology earnings, AI-related valuation concerns, and QQQ’s concentration in major technology holdings.

Sigma Planning Corp cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 7.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 107,254 shares of the exchange traded fund's stock after selling 8,473 shares during the quarter. Invesco QQQ accounts for 2.0% of Sigma Planning Corp's investment portfolio, making the stock its 4th largest position. Sigma Planning Corp's holdings in Invesco QQQ were worth $79,092,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Flatrock Wealth Partners LLC purchased a new stake in shares of Invesco QQQ during the 1st quarter worth $924,000. Hegarty Advisors LLC purchased a new position in Invesco QQQ in the first quarter valued at $2,212,000. Ascension Capital Advisors Inc. increased its holdings in Invesco QQQ by 643.8% in the first quarter. Ascension Capital Advisors Inc. now owns 3,094 shares of the exchange traded fund's stock valued at $1,786,000 after buying an additional 2,678 shares during the last quarter. Financial Insights Inc. raised its position in shares of Invesco QQQ by 6.8% during the 2nd quarter. Financial Insights Inc. now owns 29,790 shares of the exchange traded fund's stock worth $21,938,000 after acquiring an additional 1,901 shares in the last quarter. Finally, First Bancorp Inc ME acquired a new stake in Invesco QQQ during the second quarter worth approximately $677,000. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Performance

NASDAQ QQQ opened at $712.20 on Tuesday. Invesco QQQ has a 1 year low of $555.60 and a 1 year high of $762.86. The company has a fifty day moving average of $725.81 and a two-hundred day moving average of $676.80.

Invesco QQQ Cuts Dividend

The firm also recently announced 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. 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. The ex-dividend date was Monday, September 21st.

Key Headlines Impacting Invesco QQQ

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

• Positive Sentiment: Pre-market strength in broad-market ETFs and equity futures suggests a supportive risk-on backdrop for QQQ, while investors anticipate earnings from major technology companies and potential clarity from the Federal Reserve. Exchange-Traded Funds, Equity Futures Higher Pre-Bell Monday Ahead of Big Tech Earnings, Fed Decision
• Positive Sentiment: One market analysis argues that the bull market is broadening beyond a narrow group of technology leaders, potentially reducing concentration risk and supporting continued gains across QQQ’s holdings. The Bull Market Is Maturing And Broadening
• Neutral Sentiment: QQQ reportedly sold an additional $14.3 million of NVIDIA shares, following a previously reported NVIDIA sale. These transactions appear to reflect fund rebalancing rather than a discretionary bearish call, but they can modestly affect exposure to one of QQQ’s largest holdings. INVESCO QQQ Trust (QQQ) Sells $14.3 Million More NVIDIA on Thursday
• Neutral Sentiment: Reported short interest was zero shares, providing no evidence of an active short-selling overhang; the unusual figure may reflect reporting or data limitations.
• Negative Sentiment: Investors remain concerned that elevated AI spending and valuations may not be matched by sufficient monetization. A disappointing technology earnings season could therefore pressure QQQ, which has benefited substantially from the AI trade. I Was Wrong: This Is Not The Bottom For AI Stocks
• Negative Sentiment: Comparisons with cheaper Nasdaq-100 funds highlight QQQ’s higher expense ratio, which could create a modest long-term drag and encourage some investors to switch, although taxes and transaction costs may outweigh the savings. Forget QQQ: The Company Behind It Runs the Same Index for $30 Less a Year on a $100K Balance

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.