Teamwork Financial Advisors LLC Sells 791 Shares of Invesco QQQ $QQQ

Teamwork Financial Advisors LLC trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 39.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,213 shares of the exchange traded fund’s stock after selling 791 shares during the quarter. Teamwork Financial Advisors LLC’s holdings in Invesco QQQ were worth $898,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of QQQ. Lifelong Wealth Advisors Inc. boosted its position in Invesco QQQ by 5.6% during the 3rd quarter. Lifelong Wealth Advisors Inc. now owns 341 shares of the exchange traded fund’s stock worth $252,000 after acquiring an additional 18 shares during the last quarter. PMG Family Office LLC grew its stake in shares of Invesco QQQ by 3.3% during the 3rd quarter. PMG Family Office LLC now owns 2,055 shares of the exchange traded fund’s stock worth $1,522,000 after acquiring an additional 66 shares in the last quarter. RWQ Financial Management Services Inc. raised its holdings in shares of Invesco QQQ by 87.7% in the third quarter. RWQ Financial Management Services Inc. now owns 14,012 shares of the exchange traded fund’s stock valued at $10,366,000 after purchasing an additional 6,547 shares during the last quarter. Gimbal Financial raised its holdings in shares of Invesco QQQ by 10.2% in the third quarter. Gimbal Financial now owns 420 shares of the exchange traded fund’s stock valued at $310,000 after purchasing an additional 39 shares during the last quarter. Finally, New Wave Wealth Advisors LLC raised its holdings in shares of Invesco QQQ by 59.4% in the third quarter. New Wave Wealth Advisors LLC now owns 14,620 shares of the exchange traded fund’s stock valued at $10,871,000 after purchasing an additional 5,448 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ News Roundup

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

• Positive Sentiment: QQQ continues to attract substantial demand, with approximately $1.66 billion in recent inflows. Strong asset gathering supports the fund’s liquidity and indicates persistent investor interest in large-cap technology stocks. QQQ Pulled In $1.66 Billion
• Positive Sentiment: Inflation remains elevated, but easing price pressures tied to artificial intelligence could support growth-oriented ETFs. QQQ’s exposure to profitable, high-growth technology companies may benefit if investors regain confidence in the sector. Growth ETFs in Focus
• Neutral Sentiment: QQQ added NVIDIA and Apple to its holdings on October 15, reinforcing exposure to two of the Nasdaq-100’s most influential companies. The changes may support long-term growth potential but also increase concentration in mega-cap technology. Invesco QQQ Adds NVIDIA and Apple
• Neutral Sentiment: Market data and commentary suggest the recent volatility spike may have exceeded fundamentals, while some analysts argue bonds and stocks have already priced in additional rate hikes. This could support a rebound in QQQ, though conviction remains mixed. Friday’s Market Volatility Spike
• Negative Sentiment: The Nasdaq-100 recently suffered a sharp weekly decline as technology stocks weakened. A separate, lower-cost fund tracking the same index could also divert fee-sensitive investors from QQQ over time. Treasuries Rallied as Tech Slid
• Negative Sentiment: Analysts are warning about stretched market valuations, credit-market risks, sudden technology weakness, and the possibility of a renewed AI sell-off. These concerns could limit upside for QQQ’s growth-heavy portfolio. Market Valuations and Credit Issues

Invesco QQQ Price Performance

Shares of QQQ stock opened at $718.36 on Tuesday. The company’s fifty day simple moving average is $726.64 and its 200-day simple moving average is $705.33. Invesco QQQ has a 12 month low of $555.60 and a 12 month high of $762.86.

Invesco QQQ Cuts Dividend

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

About Invesco QQQ

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.