HBW Advisory Services LLC Sells 23,398 Shares of Invesco QQQ $QQQ

HBW Advisory Services LLC lessened its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 40.8% during the 3rd quarter, Holdings Channel reports. The fund owned 33,995 shares of the exchange traded fund’s stock after selling 23,398 shares during the period. Invesco QQQ comprises approximately 2.4% of HBW Advisory Services LLC’s holdings, making the stock its 4th largest position. HBW Advisory Services LLC’s holdings in Invesco QQQ were worth $25,148,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Corient Private Wealth LLC raised its position in shares of Invesco QQQ by 3,567.7% in the 4th quarter. Corient Private Wealth LLC now owns 21,436,917 shares of the exchange traded fund’s stock worth $13,168,912,000 after acquiring an additional 20,852,432 shares in the last quarter. Align Financial LLC purchased a new stake in shares of Invesco QQQ during the 4th quarter worth $78,118,000. GoalVest Advisory LLC lifted its stake in shares of Invesco QQQ by 20,256.6% during the 3rd quarter. GoalVest Advisory LLC now owns 613,955 shares of the exchange traded fund’s stock worth $454,185,000 after purchasing an additional 610,939 shares during the last quarter. Corient Private Wealth LP boosted its position in Invesco QQQ by 506.8% during the second quarter. Corient Private Wealth LP now owns 545,270 shares of the exchange traded fund’s stock valued at $401,553,000 after purchasing an additional 455,412 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its position in Invesco QQQ by 337.6% during the fourth quarter. Hsbc Holdings PLC now owns 273,787 shares of the exchange traded fund’s stock valued at $168,945,000 after purchasing an additional 389,028 shares in the last quarter. Institutional investors 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: Some market strategists believe the recent washout could clear excesses and set the stage for a year-end rally, potentially benefiting QQQ if risk appetite returns. Earnings strength across major technology companies is another potential catalyst. Why This Market Washout Will Spark a Year-End Rally
• Neutral Sentiment: QQQ’s rules exclude financial companies and limit the fund’s exposure to banks, Berkshire Hathaway, Visa, and some other major businesses. That creates a concentrated technology and growth profile: it can outperform during technology-led rallies but lag when financial stocks lead. Invesco QQQ Does Not Own a Single Bank
• Neutral Sentiment: Investors are also comparing QQQ with buffered ETFs that use options to provide downside protection while capping upside. Such products may attract defensive capital, although they do not directly change QQQ’s holdings or fundamentals. 3 ETFs Built to Protect Your Money if the Bull Market Breaks
• Negative Sentiment: September CPI was reported at 3.7%, with core inflation and services prices described as accelerating. This has increased expectations for a potential Federal Reserve rate hike, lifting bond yields and reducing the appeal of long-duration technology stocks. Hot September CPI: Why an October Fed Rate Hike Is Now in Play
• Negative Sentiment: QQQ’s failed breakout, weak market breadth, stretched valuations, and signs of semiconductor weakness are encouraging investors to rotate toward utilities, consumer staples, and energy. A sharp overnight decline in Japan’s Nikkei added to the day’s risk-off pressure. Failed Breakout in Tech? 3 Sectors Leading the Market Rotation

Invesco QQQ Trading Down 0.1%

QQQ opened at $728.00 on Friday. The business’s 50-day moving average is $726.95 and its two-hundred day moving average is $703.27. Invesco QQQ has a 1 year low of $555.60 and a 1 year high of $762.86.

Invesco QQQ Cuts Dividend

The company also recently declared 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 was Monday, September 21st. This represents a $3.01 dividend on an annualized basis and a dividend yield of 0.4%. This is a decrease from Invesco QQQ’s previous quarterly dividend of $0.8135.

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.