5,840 Invesco QQQ $QQQ Shares Sold by CoreCap Advisors LLC

CoreCap Advisors LLC lessened its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 5.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 100,571 shares of the exchange traded fund’s stock after selling 5,840 shares during the period. Invesco QQQ comprises about 2.2% of CoreCap Advisors LLC’s holdings, making the stock its 8th biggest position. CoreCap Advisors LLC’s holdings in Invesco QQQ were worth $74,400,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Flatrock Wealth Partners LLC bought a new position in Invesco QQQ in the 1st quarter worth about $924,000. Hegarty Advisors LLC purchased a new position in Invesco QQQ during the 1st quarter valued at about $2,212,000. Ascension Capital Advisors Inc. increased its position in shares of Invesco QQQ by 643.8% during 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 period. Financial Insights Inc. increased its position in shares of Invesco QQQ by 6.8% during the second quarter. Financial Insights Inc. now owns 29,790 shares of the exchange traded fund’s stock valued at $21,938,000 after buying an additional 1,901 shares during the period. Finally, First Bancorp Inc ME purchased a new stake in shares of Invesco QQQ in the second quarter worth about $677,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ News Roundup

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

• Positive Sentiment: Nasdaq strength and continued enthusiasm for artificial-intelligence stocks are supporting technology and semiconductor ETFs, which are major drivers of QQQ’s portfolio. The index’s record-setting move suggests investors remain willing to pay premium valuations for large-cap growth companies. ETFs to Benefit as Nasdaq’s Breakthrough Still Matters
• Positive Sentiment: Winebrenner Capital Management increased its QQQ holding by 25.9%, adding 738 shares. The purchase is a modest institutional vote of confidence, though it is unlikely to materially affect the ETF’s price by itself. Winebrenner Capital Management LLC Buys 738 Shares of Invesco QQQ
• Neutral Sentiment: Market commentary highlights exceptionally strong leadership and record highs, but also warns that investors may be reluctant to chase market leaders after the rally. This creates the potential for continued gains alongside heightened volatility. As Q4 Begins, I Don’t Want To Chase The Market Leaders
• Negative Sentiment: Fed minutes reportedly point to the possibility of further tightening amid mixed inflation data. Higher-for-longer interest rates can pressure QQQ’s long-duration technology and growth holdings by raising discount rates and reducing valuation support. Fed Minutes Signal More Tightening Amid Mixed Inflation Data
• Negative Sentiment: Rising Treasury yields, concerns about AI capital-spending financing, and fears that an AI investment slowdown could emerge are increasing pressure on technology valuations. Analysts also warn that elevated market leadership may be vulnerable to a correction. The AI Capex Wall: Why Financing Constraints Will Trigger A Slowdown
• Negative Sentiment: U.S. equity ETFs and futures moved lower as oil prices rose following comments that reduced optimism about a potential U.S.-Iran agreement. Higher energy prices could revive inflation concerns and reinforce expectations for restrictive monetary policy. Exchange-Traded Funds, Equity Futures Down Pre-Bell Thursday
• Negative Sentiment: Broad-market ETFs declined after midday, indicating that the weakness was not limited to a single QQQ constituent and reflecting broader risk reduction by investors. Exchange-Traded Funds Drop as US Equities Fall After Midday

Invesco QQQ Price Performance

Shares of QQQ stock traded down $10.15 during trading hours on Thursday, reaching $747.58. The stock had a trading volume of 49,397,021 shares, compared to its average volume of 48,246,410. The stock’s fifty day simple moving average is $722.59 and its 200 day simple moving average is $696.46. Invesco QQQ has a 12 month low of $555.60 and a 12 month high of $762.86.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Monday, September 21st will be paid a $0.7514 dividend. The ex-dividend date is Monday, September 21st. This represents a $3.01 annualized dividend and a yield of 0.4%. This is a drop from Invesco QQQ’s previous quarterly dividend of $0.8135.

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.