Invesco QQQ $QQQ Holdings Decreased by Coastline Trust Co

Coastline Trust Co lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 21.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 22,531 shares of the exchange traded fund’s stock after selling 6,257 shares during the quarter. Invesco QQQ accounts for about 1.6% of Coastline Trust Co’s holdings, making the stock its 17th biggest holding. Coastline Trust Co’s holdings in Invesco QQQ were worth $16,668,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Atomic Invest LLC increased its position in shares of Invesco QQQ by 109.6% in the 2nd quarter. Atomic Invest LLC now owns 25,086 shares of the exchange traded fund’s stock valued at $18,165,000 after acquiring an additional 13,118 shares during the period. QRG Capital Management Inc. lifted its position in Invesco QQQ by 60.2% during the 2nd quarter. QRG Capital Management Inc. now owns 10,505 shares of the exchange traded fund’s stock worth $7,736,000 after acquiring an additional 3,949 shares during the period. Envestnet Portfolio Solutions Inc. grew its stake in Invesco QQQ by 8.4% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 19,500 shares of the exchange traded fund’s stock valued at $14,360,000 after purchasing an additional 1,511 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in Invesco QQQ by 1.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,038,610 shares of the exchange traded fund’s stock valued at $2,237,606,000 after purchasing an additional 30,083 shares during the last quarter. Finally, Reynders McVeigh Capital Management LLC increased its holdings in shares of Invesco QQQ by 20.2% in the second quarter. Reynders McVeigh Capital Management LLC now owns 953 shares of the exchange traded fund’s stock valued at $702,000 after purchasing an additional 160 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

More Invesco QQQ News

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

• Positive Sentiment: U.S. equity futures and exchange-traded funds were higher before the open, with traders assessing Micron’s fiscal fourth-quarter results. Strength in semiconductor and artificial-intelligence stocks could support QQQ’s large technology holdings. Exchange-Traded Funds, Equity Futures up Pre-Bell Thursday as Traders Assess Micron’s Fiscal Q4 Results
• Positive Sentiment: Recent economic data showed robust consumer spending alongside inflation that was softer than feared. Continued economic growth and strong demand for data centers and manufacturing may benefit QQQ companies exposed to cloud computing, AI infrastructure and semiconductors. Softer-Than-Feared U.S. Inflation Despite Robust Spending
• Neutral Sentiment: Lower-than-expected PCE inflation initially supported stocks, but market reaction was limited because analysts argued that revisions and methodology changes did not represent clear, broad-based disinflation. Lower-Than-Expected PCE Data Failed To Help Markets
• Negative Sentiment: Treasury yields continued to rise, with commentary suggesting that higher rates could persist because of strong economic fundamentals and elevated inflation. This is a headwind for QQQ’s long-duration growth stocks and may explain the ETF’s weaker performance despite supportive company-specific news. Why Higher Rates May Be Here To Stay
• Negative Sentiment: Reports that inflation has remained above the Federal Reserve’s target for an extended period reinforced concerns that monetary policy may stay restrictive, limiting the potential for near-term rate cuts. New Price Inflation Data Shows the Fed Has Missed Its Target for 66 Months in a Row

Invesco QQQ Trading Down 0.1%

Shares of NASDAQ:QQQ traded down $1.01 during trading on Thursday, hitting $738.76. The stock had a trading volume of 19,082,553 shares, compared to its average volume of 48,579,988. Invesco QQQ has a 12-month low of $555.60 and a 12-month high of $748.65. The stock has a 50-day simple moving average of $715.20 and a two-hundred day simple moving average of $690.96.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Monday, September 21st will be given a dividend of $0.7514 per share. The ex-dividend date of this dividend is Monday, September 21st. This represents a $3.01 dividend on an annualized basis and a 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.