Financial Freedom LLC Sells 784 Shares of Invesco QQQ $QQQ

Financial Freedom LLC lowered its holdings in Invesco QQQ (NASDAQ:QQQ) by 3.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,861 shares of the exchange traded fund’s stock after selling 784 shares during the quarter. Invesco QQQ accounts for about 7.7% of Financial Freedom LLC’s investment portfolio, making the stock its biggest position. Financial Freedom LLC’s holdings in Invesco QQQ were worth $16,912,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. boosted its holdings in Invesco QQQ by 1.0% during the second quarter. Envestnet Asset Management Inc. now owns 3,038,610 shares of the exchange traded fund’s stock valued at $2,237,606,000 after purchasing an additional 30,083 shares in the last quarter. Analyst IMS Investment Management Services Ltd. raised its holdings in shares of Invesco QQQ by 0.3% in the 2nd quarter. Analyst IMS Investment Management Services Ltd. now owns 1,787,559 shares of the exchange traded fund’s stock worth $1,316,358,000 after buying an additional 4,751 shares in the last quarter. HighTower Advisors LLC raised its holdings in shares of Invesco QQQ by 3.1% in the 2nd quarter. HighTower Advisors LLC now owns 1,230,679 shares of the exchange traded fund’s stock worth $906,272,000 after buying an additional 36,923 shares in the last quarter. Kestra Advisory Services LLC raised its holdings in shares of Invesco QQQ by 10.5% in the 3rd quarter. Kestra Advisory Services LLC now owns 880,835 shares of the exchange traded fund’s stock worth $651,615,000 after buying an additional 83,394 shares in the last quarter. Finally, GoalVest Advisory LLC lifted its position 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 buying an additional 610,939 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Top Invesco QQQ Stories

These are some of the QQQ stories that stood out recently:

• Positive Sentiment: Some coverage sees signs that the AI rally may regain momentum, and CoreWeave’s earnings reportedly eased some concerns about AI spending. That could support QQQ if confidence in technology growth improves. 5 Bullish Signs the AI Rally is Back on Track CoreWeave Earnings Alleviate Some AI Spending Fears
• Neutral Sentiment: Commentary on Nvidia’s leadership uncertainty noted that QQQ initially showed resilience, reflecting the ETF’s diversified Nasdaq-100 holdings. However, Nvidia’s performance can still influence the fund because of its significant role in technology-focused indexes. Invesco QQQ Trust ETF Resists Pressure as Nvidia CEO Resigns
• Negative Sentiment: The latest report on QQQ’s decline highlights continued pressure on the ETF, while broader concerns include AI build-out costs and debt levels. A correction and uncertainty around Nvidia and other large technology holdings may keep volatility elevated. Why Did Invesco QQQ Trust ETF Fall Today, Nov. 13? QQQ Is in a Correction (Down 10%). Should You Buy More?

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $679.89 on Friday. The business has a 50 day simple moving average of $717.86 and a 200 day simple moving average of $681.81. Invesco QQQ has a one year low of $555.60 and a one year high of $762.86.

Invesco QQQ Cuts Dividend

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

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.