Invesco QQQ $QQQ Shares Sold by Claro Advisors Inc.

Claro Advisors Inc. decreased its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 3.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,693 shares of the exchange traded fund’s stock after selling 998 shares during the quarter. Invesco QQQ comprises about 1.8% of Claro Advisors Inc.’s investment portfolio, making the stock its 11th biggest position. Claro Advisors Inc.’s holdings in Invesco QQQ were worth $18,267,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. High Point Wealth Management LLC increased its stake in Invesco QQQ by 68.0% in the second quarter. High Point Wealth Management LLC now owns 42 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 17 shares during the last quarter. Parvin Asset Management LLC purchased a new position in Invesco QQQ during the first quarter worth about $28,000. Financial Management Professionals Inc. boosted its stake in Invesco QQQ by 83.3% in the 2nd quarter. Financial Management Professionals Inc. now owns 55 shares of the exchange traded fund’s stock worth $41,000 after buying an additional 25 shares during the last quarter. CrossGen Wealth LLC boosted its stake in Invesco QQQ by 44.7% in the 3rd quarter. CrossGen Wealth LLC now owns 55 shares of the exchange traded fund’s stock worth $41,000 after buying an additional 17 shares during the last quarter. Finally, Bullseye Investment Management LLC acquired a new stake in Invesco QQQ in the 2nd quarter worth about $44,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

More Invesco QQQ News

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

• Neutral Sentiment: QQQ’s RSI was reported in oversold territory, but technical indicators still showed a strong-sell signal; oversold conditions alone do not confirm a rebound. QQQ key support and resistance levels to watch
• Negative Sentiment: QQQ saw approximately $80 billion in trading as technology shares sold off. The unusually high activity highlights intense investor repositioning and selling pressure. Invesco QQQ Trust sees record trading volume amid tech selloff
• Negative Sentiment: Semiconductor stocks experienced their worst session since 2020, dragging down QQQ and other tech-heavy funds as investors retreated from AI and growth shares. QQQ and SMH sink as chip stocks have worst day since 2020
• Negative Sentiment: AMD’s sharp drop added to pressure on chip-focused ETFs and broader index funds, including portfolios with overlapping semiconductor exposure. AMD’s Double-Digit Drop Is Rippling Through Your Chip ETFs

Invesco QQQ Stock Performance

QQQ opened at $647.05 on Friday. The business has a 50-day moving average of $722.27 and a two-hundred day moving average of $680.09. Invesco QQQ has a 12 month low of $555.60 and a 12 month high of $762.86.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Monday, September 21st were issued a dividend of $0.7514 per share. This represents a $3.01 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, September 21st. 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.