847 Invesco QQQ $QQQ Shares Sold by Nikulski Financial Inc.

Nikulski Financial Inc. trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 7.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,804 shares of the exchange traded fund’s stock after selling 847 shares during the period. Invesco QQQ comprises approximately 1.7% of Nikulski Financial Inc.’s portfolio, making the stock its 18th largest position. Nikulski Financial Inc.’s holdings in Invesco QQQ were worth $7,993,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Parvin Asset Management LLC purchased a new position in shares of Invesco QQQ in the first quarter worth about $28,000. High Point Wealth Management LLC boosted its holdings in Invesco QQQ by 68.0% during the 2nd quarter. High Point Wealth Management LLC now owns 42 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 17 shares during the period. Financial Management Professionals Inc. boosted its holdings in Invesco QQQ by 83.3% during the 2nd quarter. Financial Management Professionals Inc. now owns 55 shares of the exchange traded fund’s stock valued at $41,000 after acquiring an additional 25 shares during the period. CrossGen Wealth LLC boosted its holdings in Invesco QQQ by 44.7% during the 3rd quarter. CrossGen Wealth LLC now owns 55 shares of the exchange traded fund’s stock valued at $41,000 after acquiring an additional 17 shares during the period. Finally, Bullseye Investment Management LLC bought a new position in Invesco QQQ during the 2nd quarter worth approximately $44,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

QQQ opened at $688.17 on Friday. The stock’s 50 day simple moving average is $718.62 and its 200 day simple moving average is $681.57. Invesco QQQ has a 1 year low of $555.60 and a 1 year high of $762.86.

Invesco QQQ Cuts Dividend

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

Invesco QQQ News Summary

These are some of the QQQ news items that stood out recently:

• Neutral Sentiment: QQQ was described as relatively resilient amid Nvidia-related selling. Its diversified Nasdaq-100 exposure can cushion the impact of weakness in an individual holding, though Nvidia remains influential. Invesco QQQ Trust ETF Resists Pressure as Nvidia’s CEO Resigns
• Negative Sentiment: Reports of Nvidia CEO Jensen Huang’s departure triggered a selloff in Nvidia shares, creating a headwind for QQQ because of the fund’s exposure to the chipmaker. Jensen Huang Is Out: Here’s How Much Nvidia’s Selloff Cost a $10,000 QQQ Position
• Negative Sentiment: Hot inflation and the possibility of tighter Federal Reserve policy could pressure growth-stock valuations, a risk for QQQ’s technology-heavy portfolio. CPI Pushes Rate Hike Odds to About 100%

Invesco QQQ Company 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.