782 Invesco QQQ $QQQ Shares Sold by CENTRAL TRUST Co

CENTRAL TRUST Co decreased its holdings in Invesco QQQ (NASDAQ:QQQ) by 3.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,134 shares of the exchange traded fund’s stock after selling 782 shares during the period. CENTRAL TRUST Co’s holdings in Invesco QQQ were worth $14,894,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of QQQ. Heartwood Wealth Advisors LLC grew its holdings in shares of Invesco QQQ by 0.7% in the third quarter. Heartwood Wealth Advisors LLC now owns 1,952 shares of the exchange traded fund’s stock worth $1,444,000 after purchasing an additional 14 shares during the last quarter. Sherman Wealth Management LLC increased its holdings in Invesco QQQ by 0.8% during the third quarter. Sherman Wealth Management LLC now owns 1,702 shares of the exchange traded fund’s stock valued at $1,259,000 after buying an additional 14 shares during the period. Heritage Wealth Management Inc. increased its holdings in Invesco QQQ by 1.1% during the third quarter. Heritage Wealth Management Inc. now owns 1,328 shares of the exchange traded fund’s stock valued at $983,000 after buying an additional 14 shares during the period. Royal Harbor Partners LLC raised its stake in Invesco QQQ by 4.6% in the third quarter. Royal Harbor Partners LLC now owns 318 shares of the exchange traded fund’s stock worth $235,000 after buying an additional 14 shares in the last quarter. Finally, Durante & Waters LLC raised its stake in Invesco QQQ by 1.1% in the first quarter. Durante & Waters LLC now owns 1,425 shares of the exchange traded fund’s stock worth $822,000 after buying an additional 15 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $690.38 on Thursday. The business has a fifty day moving average of $719.04 and a two-hundred day moving average of $681.26. Invesco QQQ has a twelve month low of $555.60 and a twelve month high of $762.86.

Invesco QQQ Cuts Dividend

The business 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 drop from Invesco QQQ’s previous quarterly dividend of $0.8135.

Key Headlines Impacting Invesco QQQ

Investors following QQQ have been watching these headlines:

• Neutral Sentiment: QQQ’s reported holdings grew across its portfolio, including an additional $206.7 million in Apple on Nov. 9. This describes fund holdings activity but does not, by itself, establish a change in investor demand for QQQ. Invesco QQQ Trust (QQQ) Buys $206.7 Million More Apple on Nov. 9
• Negative Sentiment: October CPI rose 0.4% month over month, and reports described price pressures as broadening or sticky. That intensified speculation about a December Fed rate hike; higher rates can weigh on growth-stock valuations, a key risk for QQQ. October CPI: Broadening Price Pressures Keep Fed Tightening On Track
• Negative Sentiment: Some commentary warned that elevated technology valuations leave QQQ vulnerable to a sharp pullback. These are bearish scenarios rather than evidence of an imminent decline, but they add to concerns around volatile tech and chip shares. How the QQQ Could Drop More Than 40% From Here, Even If It Hits a New All-Time High First

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.