Invesco QQQ $QQQ Stock: Harbour Investments Inc. Trims Holdings

Harbour Investments Inc. trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ) by 3.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 284,619 shares of the exchange traded fund’s stock after selling 8,677 shares during the period. Invesco QQQ makes up approximately 3.1% of Harbour Investments Inc.’s investment portfolio, making the stock its 2nd largest position. Harbour Investments Inc.’s holdings in Invesco QQQ were worth $210,553,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Seaside Wealth Management Inc. raised its position in shares of Invesco QQQ by 40.9% in the 3rd quarter. Seaside Wealth Management Inc. now owns 403 shares of the exchange traded fund’s stock valued at $298,000 after buying an additional 117 shares in the last quarter. Nelson Capital Management LLC boosted its position in shares of Invesco QQQ by 12.8% during the 3rd quarter. Nelson Capital Management LLC now owns 1,800 shares of the exchange traded fund’s stock worth $1,332,000 after acquiring an additional 204 shares in the last quarter. Phoenix Financial Ltd. boosted its position in shares of Invesco QQQ by 0.4% during the 3rd quarter. Phoenix Financial Ltd. now owns 65,305 shares of the exchange traded fund’s stock worth $48,311,000 after acquiring an additional 263 shares in the last quarter. Drive Wealth Management LLC boosted its position in shares of Invesco QQQ by 29.2% during the 3rd quarter. Drive Wealth Management LLC now owns 690 shares of the exchange traded fund’s stock worth $511,000 after acquiring an additional 156 shares in the last quarter. Finally, Cornerstone Advisory LLC increased its stake in Invesco QQQ by 12.4% in the third quarter. Cornerstone Advisory LLC now owns 12,540 shares of the exchange traded fund’s stock valued at $9,276,000 after acquiring an additional 1,386 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Recent Invesco QQQ Headlines

Investors following QQQ have been watching these headlines:

• Positive Sentiment: Some coverage sees signs that the AI rally may regain momentum, and CoreWeave’s earnings reportedly eased some concerns about AI spending. That could support QQQ if confidence in technology growth improves. 5 Bullish Signs the AI Rally is Back on Track CoreWeave Earnings Alleviate Some AI Spending Fears
• Neutral Sentiment: Commentary on Nvidia’s leadership uncertainty noted that QQQ initially showed resilience, reflecting the ETF’s diversified Nasdaq-100 holdings. However, Nvidia’s performance can still influence the fund because of its significant role in technology-focused indexes. Invesco QQQ Trust ETF Resists Pressure as Nvidia CEO Resigns
• Negative Sentiment: The latest report on QQQ’s decline highlights continued pressure on the ETF, while broader concerns include AI build-out costs and debt levels. A correction and uncertainty around Nvidia and other large technology holdings may keep volatility elevated. Why Did Invesco QQQ Trust ETF Fall Today, Nov. 13? QQQ Is in a Correction (Down 10%). Should You Buy More?

Invesco QQQ Stock Performance

NASDAQ:QQQ traded down $8.28 during mid-day trading on Friday, reaching $679.89. The stock had a trading volume of 41,699,213 shares, compared to its average volume of 50,589,784. Invesco QQQ has a 12 month low of $555.60 and a 12 month high of $762.86. The stock has a 50-day simple moving average of $717.86 and a two-hundred day simple moving average of $681.81.

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 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 dividend yield of 0.4%. This is a drop from Invesco QQQ’s previous quarterly dividend of $0.8135.

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.