WealthCare Asset Management LLC Sells 3,235 Shares of Invesco QQQ $QQQ

WealthCare Asset Management LLC lessened its position in Invesco QQQ (NASDAQ:QQQ) by 42.0% in the 3rd quarter, Holdings Channel reports. The fund owned 4,459 shares of the exchange traded fund’s stock after selling 3,235 shares during the period. Invesco QQQ makes up approximately 2.8% of WealthCare Asset Management LLC’s investment portfolio, making the stock its 10th biggest holding. WealthCare Asset Management LLC’s holdings in Invesco QQQ were worth $3,299,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Flatrock Wealth Partners LLC acquired a new stake in shares of Invesco QQQ during the 1st quarter valued at about $924,000. Hegarty Advisors LLC bought a new stake in shares of Invesco QQQ in the 1st quarter valued at approximately $2,212,000. Dixon Fnancial Services Inc. grew its stake in shares of Invesco QQQ by 119.9% in the 3rd quarter. Dixon Fnancial Services Inc. now owns 1,834 shares of the exchange traded fund’s stock valued at $1,357,000 after buying an additional 1,000 shares in the last quarter. 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 worth $1,786,000 after buying an additional 2,678 shares during the last quarter. Finally, Financial Insights Inc. increased its holdings in Invesco QQQ by 6.8% in the second quarter. Financial Insights Inc. now owns 29,790 shares of the exchange traded fund’s stock worth $21,938,000 after buying an additional 1,901 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Trending Headlines about Invesco QQQ

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

• Positive Sentiment: Broad-market ETFs advanced as U.S. stocks rose, providing a favorable backdrop for QQQ’s large-cap technology holdings. Expectations for strong results from major technology companies and a potentially patient Federal Reserve also supported risk appetite. Exchange-Traded Funds Higher as US Equities Rise After Midday
• Positive Sentiment: QQQ added NVIDIA and Apple to its portfolio in an October 23 transaction, reinforcing exposure to two of the market’s most influential technology and artificial-intelligence companies. Continued strength in these mega-cap names can have an outsized effect on the fund’s performance. INVESCO QQQ Adds NVIDIA and Apple
• Positive Sentiment: Invesco Ltd. announced a $1.5 billion preferred-stock repurchase and reported third-quarter results. The transaction is expected to reduce preferred-share claims and lift the sponsor’s future earnings per share, which could modestly improve sentiment toward Invesco, although it does not directly change QQQ’s holdings or net asset value. Invesco Reports Q3 Results and Announces Preferred Repurchase
• Neutral Sentiment: QQQ reportedly sold approximately $14.3 million of NVIDIA shares. This appears to reflect routine portfolio rebalancing rather than a fundamental change in the fund’s technology or AI exposure. QQQ Sells More NVIDIA
• Neutral Sentiment: Articles comparing QQQ with other technology and broad-market ETFs highlighted its higher-growth, more concentrated profile. That positioning may benefit QQQ during technology-led rallies but exposes it to greater volatility than diversified alternatives. VGT vs. QQQ
• Negative Sentiment: Some market commentary warned that technology’s risk premium is rising and that AI-related enthusiasm could face pressure if earnings fail to meet elevated expectations. This creates downside risk for QQQ because of its heavy concentration in large technology companies. Tech Risk Premium Rising Ahead of Key Earnings

Invesco QQQ Stock Up 1.3%

Shares of QQQ opened at $721.25 on Wednesday. The firm’s 50 day moving average price is $725.26 and its 200 day moving average price is $677.73. Invesco QQQ has a twelve month low of $555.60 and a twelve month high of $762.86.

Invesco QQQ Cuts Dividend

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

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.