Rakuten Investment Management Inc. reduced its holdings in Invesco QQQ (NASDAQ:QQQ – Free Report) by 68.6% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,409 shares of the exchange traded fund’s stock after selling 31,525 shares during the quarter. Rakuten Investment Management Inc.’s holdings in Invesco QQQ were worth $10,633,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Serenity Investment Advisors increased its holdings in shares of Invesco QQQ by 5.0% during the third quarter. Serenity Investment Advisors now owns 2,466 shares of the exchange traded fund’s stock valued at $1,825,000 after acquiring an additional 117 shares in the last quarter. Investment Insight Wealth Management LLC raised its position in shares of Invesco QQQ by 12.1% in the 3rd quarter. Investment Insight Wealth Management LLC now owns 647 shares of the exchange traded fund’s stock worth $478,000 after purchasing an additional 70 shares during the last quarter. Farrow Financial Inc. boosted its stake in Invesco QQQ by 1.7% in the 3rd quarter. Farrow Financial Inc. now owns 4,792 shares of the exchange traded fund’s stock worth $3,545,000 after purchasing an additional 79 shares in the last quarter. MFG Investments LLC bought a new position in Invesco QQQ in the 3rd quarter worth about $1,175,000. Finally, Third View Private Wealth LLC boosted its stake in Invesco QQQ by 0.8% in the 3rd quarter. Third View Private Wealth LLC now owns 1,877 shares of the exchange traded fund’s stock worth $1,389,000 after purchasing an additional 15 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.
Key Stories Impacting Invesco QQQ
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 Price Performance
Shares of QQQ stock opened at $647.05 on Friday. Invesco QQQ has a one year low of $555.60 and a one year high of $762.86. The company’s 50-day moving average is $722.27 and its 200 day moving average is $680.09.
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. The ex-dividend date of this dividend was Monday, September 21st. This is a negative change from Invesco QQQ’s previous quarterly dividend of $0.8135. This represents a $3.01 annualized dividend and a dividend yield of 0.5%.
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.
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