Invesco QQQ $QQQ Stock: Welch & Forbes LLC Trims Position

Welch & Forbes LLC decreased its stake in Invesco QQQ (NASDAQ:QQQ) by 9.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,814 shares of the exchange traded fund’s stock after selling 939 shares during the period. Welch & Forbes LLC’s holdings in Invesco QQQ were worth $6,520,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of QQQ. Gryphon Financial Partners LLC lifted its holdings in shares of Invesco QQQ by 3.1% in the 3rd quarter. Gryphon Financial Partners LLC now owns 4,033 shares of the exchange traded fund’s stock valued at $2,984,000 after purchasing an additional 123 shares during the last quarter. Soundwatch Capital LLC boosted its position in shares of Invesco QQQ by 2.5% in the 3rd quarter. Soundwatch Capital LLC now owns 15,434 shares of the exchange traded fund’s stock valued at $11,569,000 after purchasing an additional 377 shares during the period. Consolidated Investment Group LLC grew its stake in Invesco QQQ by 0.8% during the 3rd quarter. Consolidated Investment Group LLC now owns 360,400 shares of the exchange traded fund’s stock worth $266,613,000 after buying an additional 2,900 shares during the last quarter. Kestra Investment Management LLC grew its stake in Invesco QQQ by 187.3% during the 3rd quarter. Kestra Investment Management LLC now owns 11,726 shares of the exchange traded fund’s stock worth $8,675,000 after buying an additional 7,645 shares during the last quarter. Finally, AlphaCore Capital LLC grew its stake in Invesco QQQ by 22.6% during the 3rd quarter. AlphaCore Capital LLC now owns 34,299 shares of the exchange traded fund’s stock worth $25,399,000 after buying an additional 6,325 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ News Summary

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

• Positive Sentiment: Broad U.S. equity ETFs and equity futures moved higher on Monday amid a global market recovery, which likely supported QQQ along with other growth-oriented funds. Exchange-Traded Funds, Equity Futures Higher Pre-Bell Monday Amid Global Market Recovery Exchange-Traded Funds Higher as US Equities Advance After Midday
• Neutral Sentiment: A retrospective on QQQ’s performance since launch highlights its strong long-term returns, but offers little new information about near-term trading. If You’d Invested $5,000 in QQQ the Day It Launched, Here’s What You’d Have Today
• Negative Sentiment: One report said QQQ sold about $2.1 billion of stock on Nov. 5 and bought none, trimming all 101 positions. That broad selling may weigh on sentiment, though the report does not establish the reason for the transactions. Invesco QQQ (QQQ) Sells Apple and Nvidia on Nov. 5
• Negative Sentiment: Recent commentary flagged deteriorating market momentum and downside risk for the Nasdaq, including a bearish scenario for QQQ. These are analyst opinions, not confirmed forecasts, but they may reinforce caution toward the fund’s tech-heavy exposure. Q4 Rally Cycle Cracks As Negative Momentum Signals Worsen From October The Nasdaq Is Toast: QQQ Could Go 40% Lower Here’s How, And What Could Stop It

Invesco QQQ Stock Up 3.5%

QQQ opened at $679.35 on Tuesday. Invesco QQQ has a 52 week low of $555.60 and a 52 week high of $762.86. The business’s 50 day moving average is $720.23 and its two-hundred day moving average is $680.65.

Invesco QQQ Cuts Dividend

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

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.