Global Wealth Management Investment Advisory Inc. Sells 1,229 Shares of Invesco QQQ $QQQ

Global Wealth Management Investment Advisory Inc. lowered its holdings in Invesco QQQ (NASDAQ:QQQ) by 4.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,394 shares of the exchange traded fund’s stock after selling 1,229 shares during the quarter. Invesco QQQ accounts for about 2.7% of Global Wealth Management Investment Advisory Inc.’s investment portfolio, making the stock its 6th biggest position. Global Wealth Management Investment Advisory Inc.’s holdings in Invesco QQQ were worth $21,745,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in QQQ. GoalVest Advisory LLC boosted its holdings 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 valued at $454,185,000 after purchasing an additional 610,939 shares in the last quarter. Corient Private Wealth LP grew its stake in shares of 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 purchasing an additional 455,412 shares during the period. Alaska Permanent Fund Corp bought a new stake in shares of Invesco QQQ in the 2nd quarter valued at approximately $207,072,000. International Assets Investment Management LLC grew 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 valued at $221,931,000 after purchasing an additional 238,814 shares during the period. Finally, Senator Investment Group LP acquired a new position in shares of Invesco QQQ in the 2nd quarter worth approximately $157,221,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

Shares of QQQ opened at $679.35 on Tuesday. Invesco QQQ has a 1 year low of $555.60 and a 1 year high of $762.86. The stock has a 50 day simple moving average of $720.23 and a 200-day simple moving average of $680.65.

Invesco QQQ Cuts Dividend

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

Key Stories Impacting Invesco QQQ

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

• Positive Sentiment: Broad U.S. equity ETFs and equity futures moved higher on Monday amid a global market recovery, which likely supported QQQ along with other growth-oriented funds. Exchange-Traded Funds, Equity Futures Higher Pre-Bell Monday Amid Global Market Recovery Exchange-Traded Funds Higher as US Equities Advance After Midday
• Neutral Sentiment: A retrospective on QQQ’s performance since launch highlights its strong long-term returns, but offers little new information about near-term trading. If You’d Invested $5,000 in QQQ the Day It Launched, Here’s What You’d Have Today
• Negative Sentiment: One report said QQQ sold about $2.1 billion of stock on Nov. 5 and bought none, trimming all 101 positions. That broad selling may weigh on sentiment, though the report does not establish the reason for the transactions. Invesco QQQ (QQQ) Sells Apple and Nvidia on Nov. 5
• Negative Sentiment: Recent commentary flagged deteriorating market momentum and downside risk for the Nasdaq, including a bearish scenario for QQQ. These are analyst opinions, not confirmed forecasts, but they may reinforce caution toward the fund’s tech-heavy exposure. Q4 Rally Cycle Cracks As Negative Momentum Signals Worsen From October The Nasdaq Is Toast: QQQ Could Go 40% Lower Here’s How, And What Could Stop It

About Invesco QQQ

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.