Thor Trading Advisors LLC Sells 6,561 Shares of Invesco QQQ $QQQ

Thor Trading Advisors LLC lessened its position in shares of Invesco QQQ (NASDAQ:QQQ) by 6.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 89,535 shares of the exchange traded fund’s stock after selling 6,561 shares during the quarter. Invesco QQQ makes up 22.6% of Thor Trading Advisors LLC’s holdings, making the stock its biggest position. Thor Trading Advisors LLC’s holdings in Invesco QQQ were worth $66,235,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. GoalVest Advisory LLC boosted its stake in Invesco QQQ by 20,256.6% during the third quarter. GoalVest Advisory LLC now owns 613,955 shares of the exchange traded fund’s stock worth $454,185,000 after buying an additional 610,939 shares during the last quarter. Corient Private Wealth LP grew its holdings in Invesco QQQ by 506.8% in the 2nd quarter. Corient Private Wealth LP now owns 545,270 shares of the exchange traded fund’s stock valued at $401,553,000 after buying an additional 455,412 shares in the last quarter. Alaska Permanent Fund Corp acquired a new stake in shares of Invesco QQQ in the 2nd quarter worth $207,072,000. International Assets Investment Management LLC increased its stake in shares of Invesco QQQ by 390.3% in the 3rd quarter. International Assets Investment Management LLC now owns 300,000 shares of the exchange traded fund’s stock worth $221,931,000 after acquiring an additional 238,814 shares during the last quarter. Finally, Senator Investment Group LP acquired a new stake in shares of Invesco QQQ in the 2nd quarter worth $157,221,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 0.7%

NASDAQ QQQ opened at $674.76 on Wednesday. The business’s fifty day simple moving average is $719.39 and its 200-day simple moving average is $680.92. Invesco QQQ has a 52 week low of $555.60 and a 52 week high of $762.86.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Monday, September 21st were given a dividend of $0.7514 per share. The ex-dividend date 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 yield of 0.4%.

Trending Headlines about Invesco QQQ

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

• Positive Sentiment: The Nasdaq-100 had recently posted its strongest session since March, with chip stocks leading a broad rebound. That recovery offers support if buyers return, though it has not prevented the latest pullback. The Nasdaq-100 Just Had Its Best Day Since March Without Nvidia’s Help
• Neutral Sentiment: QQQ’s underlying index rallied in the prior session, but coverage cautioned that key technical levels will determine whether the move marks a durable rebound or a short-lived bounce. Invesco QQQ Trust ETF Is Falling Today — Here’s Why
• Negative Sentiment: U.S. equities fell after midday, weighing on broad-market ETFs and QQQ. Exchange-Traded Funds Lower as US Equities Decline After Midday
• Negative Sentiment: Hot October inflation and resilient employment data have prompted discussion of a possible December Fed rate hike. Higher-rate expectations can pressure growth and technology shares, which carry substantial weight in QQQ. Hot October CPI Prompts Chatter of a Jumbo December Fed Rate Hike

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.