Financial Freedom LLC Sells 784 Shares of Invesco QQQ $QQQ

Financial Freedom LLC trimmed its holdings in Invesco QQQ (NASDAQ:QQQ) by 3.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,861 shares of the exchange traded fund’s stock after selling 784 shares during the quarter. Invesco QQQ accounts for 7.7% of Financial Freedom LLC’s portfolio, making the stock its largest holding. Financial Freedom LLC’s holdings in Invesco QQQ were worth $16,912,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of QQQ. Aberdeen Group plc grew its position in Invesco QQQ by 12.7% during the third quarter. Aberdeen Group plc now owns 9,721 shares of the exchange traded fund’s stock worth $7,191,000 after buying an additional 1,096 shares in the last quarter. Moors & Cabot Inc. raised its holdings in Invesco QQQ by 6.7% in the 3rd quarter. Moors & Cabot Inc. now owns 28,431 shares of the exchange traded fund’s stock valued at $21,032,000 after acquiring an additional 1,790 shares in the last quarter. Valmark Advisers Inc. raised its holdings in Invesco QQQ by 13.4% in the 3rd quarter. Valmark Advisers Inc. now owns 19,959 shares of the exchange traded fund’s stock valued at $14,765,000 after acquiring an additional 2,351 shares in the last quarter. Allworth Financial LP raised its holdings in Invesco QQQ by 18.3% in the 3rd quarter. Allworth Financial LP now owns 330,688 shares of the exchange traded fund’s stock valued at $243,518,000 after acquiring an additional 51,238 shares in the last quarter. Finally, Legacy Trust lifted its position in shares of Invesco QQQ by 4.9% in the 3rd quarter. Legacy Trust now owns 1,355 shares of the exchange traded fund’s stock worth $936,000 after acquiring an additional 63 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 1.2%

Shares of QQQ stock opened at $679.89 on Friday. Invesco QQQ has a 12 month low of $555.60 and a 12 month high of $762.86. The stock has a 50 day moving average of $717.86 and a two-hundred day moving average of $681.81.

Invesco QQQ Cuts Dividend

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

Invesco QQQ News Summary

Here’s some of the latest news about QQQ:

• 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 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.