Integrity Alliance LLC. reduced its holdings in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 7.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 92,325 shares of the exchange traded fund’s stock after selling 7,970 shares during the quarter. Invesco QQQ comprises approximately 2.1% of Integrity Alliance LLC.’s holdings, making the stock its 5th biggest position. Integrity Alliance LLC.’s holdings in Invesco QQQ were worth $68,300,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the business. Integrity Advisory Solutions LLC lifted its position in Invesco QQQ by 25.9% during the third quarter. Integrity Advisory Solutions LLC now owns 24,998 shares of the exchange traded fund’s stock worth $18,493,000 after acquiring an additional 5,144 shares during the last quarter. Summa Corp. grew its position in shares of Invesco QQQ by 14.7% in the third quarter. Summa Corp. now owns 2,229 shares of the exchange traded fund’s stock valued at $1,649,000 after purchasing an additional 286 shares during the last quarter. First Nebraska Trust Co acquired a new position in shares of Invesco QQQ in the third quarter valued at approximately $15,096,000. IPG Investment Advisors LLC grew its position in shares of Invesco QQQ by 55.6% in the third quarter. IPG Investment Advisors LLC now owns 27,555 shares of the exchange traded fund’s stock valued at $20,404,000 after purchasing an additional 9,843 shares during the last quarter. Finally, CrossGen Wealth LLC grew its position in shares of Invesco QQQ by 44.7% in the third quarter. CrossGen Wealth LLC now owns 55 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 17 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.
Invesco QQQ News Summary
Here are the key news stories impacting Invesco QQQ this week:
- Positive Sentiment: There is a potential seasonal tailwind: historical analysis cited in this article found the S&P 500 rose from November through April in all 19 midterm-election years since 1950. The piece argues the period after the midterms could favor broad equity ETFs, including QQQ. Article: The Stock Market Has Boomed After the Last 19 Midterms
- Positive Sentiment: Another outlook frames the pullback as a possible entry point, citing seasonality and favorable risk-reward opportunities in core infrastructure stocks. This offers a counterpoint to concerns about AI valuations, though it does not establish that a rebound is imminent. Article: Q4 QQQ Roadmap: Navigating AI Turbulence & Market Headwinds
- Neutral Sentiment: U.S. equities were mixed after midday, with some broad-market ETFs higher. That suggests the weakness is concentrated in parts of the market rather than a uniform selloff, but provides no clear QQQ-specific catalyst. Article: Exchange-Traded Funds Higher, US Equities Mixed After Midday
- Negative Sentiment: The Nasdaq-100 has entered a technical correction, falling more than 10% from its October high. Reports point to investor worries about AI-sector growth and a sharp retreat in chip stocks—significant risks for QQQ given its heavy exposure to large technology companies. Article: Nasdaq 100 and QQQ have sunk into a correction
- Negative Sentiment: AI stocks reportedly lost substantial value over three weeks, while hedge funds reduced exposure to the sector. If that retreat continues, it could add selling pressure to QQQ’s growth-heavy holdings. Article: AI Stocks Lose $5 Trillion in 3 Weeks as Hedge Funds Go Underweight AI
Invesco QQQ Stock Up 0.6%
Shares of NASDAQ QQQ opened at $685.28 on Wednesday. The stock’s fifty day moving average price is $723.93 and its two-hundred day moving average price is $679.61. Invesco QQQ has a one year low of $555.60 and a one year high of $762.86.
Invesco QQQ Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Monday, September 21st were issued a $0.7514 dividend. The ex-dividend date of this dividend was Monday, September 21st. This represents a $3.01 dividend on an annualized basis and a yield of 0.4%. This is a decrease 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.
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Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ – Free Report).
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