Independence Wealth Advisors LLC cut its holdings in Invesco QQQ (NASDAQ:QQQ – Free Report) by 34.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 5,133 shares of the exchange traded fund’s stock after selling 2,656 shares during the period. Invesco QQQ comprises approximately 1.8% of Independence Wealth Advisors LLC’s holdings, making the stock its 15th largest position. Independence Wealth Advisors LLC’s holdings in Invesco QQQ were worth $3,797,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sicart Associates LLC acquired a new position in shares of Invesco QQQ in the 3rd quarter valued at about $1,092,000. Strategic Family Wealth Counselors L.L.C. grew its stake in Invesco QQQ by 0.6% during the third quarter. Strategic Family Wealth Counselors L.L.C. now owns 7,561 shares of the exchange traded fund’s stock worth $5,593,000 after purchasing an additional 47 shares during the period. One Way Holdings LLC grew its stake in Invesco QQQ by 21.6% during the third quarter. One Way Holdings LLC now owns 2,063 shares of the exchange traded fund’s stock worth $1,526,000 after purchasing an additional 367 shares during the period. Vigilare Wealth Management increased its holdings in Invesco QQQ by 206.2% in the third quarter. Vigilare Wealth Management now owns 10,886 shares of the exchange traded fund’s stock worth $8,054,000 after purchasing an additional 7,331 shares in the last quarter. Finally, Welch Group LLC increased its holdings in Invesco QQQ by 7.2% in the third quarter. Welch Group LLC now owns 4,749 shares of the exchange traded fund’s stock worth $3,513,000 after purchasing an additional 317 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.
Invesco QQQ News Roundup
Here are the key news stories impacting Invesco QQQ this week:
- Positive Sentiment: An AI-based analyst model projects more than 12% upside for QQQ, supporting the ETF’s longer-term growth case despite near-term volatility. These 3 ETFs Have 12%+ Upside, According to the AI Analyst
- Positive Sentiment: Stronger-than-expected third-quarter GDP, driven partly by computer-equipment investment, and resilient consumer spending indicate that the economy remains supportive of corporate technology demand. Record Increase In Computer Equipment Drives 2026Q3 GDP Above Expectations
- Neutral Sentiment: QQQ continues to provide broad Nasdaq-100 exposure, but its heavy weighting in a small group of chipmakers and technology platforms leaves investors especially sensitive to earnings and interest-rate news. This Little-Known ETF Owns QQQ’s Stocks Without the Big Bet on Nvidia
- Negative Sentiment: Nasdaq futures and technology ETFs are falling as Amazon and Intel plunge following disappointing earnings, raising concerns about slowing demand and elevated tech-sector valuations. Stock Market Today: Nasdaq Dives As Amazon, Intel Plunge On Earnings
- Negative Sentiment: Alphabet’s unusually large post-earnings decline is directly weighing on QQQ because Alphabet is a major Nasdaq-100 holding, while also pulling other technology shares lower. Alphabet Is Having Its Worst Earnings Day Ever
- Negative Sentiment: Investors remain concerned that persistent inflation, rising bond yields, potential future Federal Reserve tightening, and heavy AI-related borrowing could pressure growth-stock valuations. Why Rising Rates Could Break the Bull Market Before AI Spending Can Save It
Invesco QQQ Price Performance
Shares of QQQ opened at $690.49 on Monday. Invesco QQQ has a 52-week low of $555.60 and a 52-week high of $762.86. The business’s 50 day moving average price is $725.00 and its two-hundred day moving average price is $679.01.
Invesco QQQ Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Monday, September 21st were given a dividend of $0.7514 per share. The ex-dividend date of this dividend was Monday, September 21st. This represents a $3.01 annualized dividend and a dividend yield of 0.4%. This is a drop from Invesco QQQ’s previous quarterly dividend of $0.8135.
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.
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Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ – Free Report).
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