Invesco QQQ $QQQ Shares Sold by Courier Capital LLC

Courier Capital LLC lowered its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 90.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 732 shares of the exchange traded fund’s stock after selling 7,208 shares during the period. Courier Capital LLC’s holdings in Invesco QQQ were worth $542,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. High Point Wealth Management LLC increased its holdings in shares of Invesco QQQ by 68.0% in 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. Parvin Asset Management LLC purchased a new stake in shares of Invesco QQQ during the 1st quarter worth $28,000. Islay Capital Management LLC purchased a new stake in shares of Invesco QQQ during the 4th quarter worth $32,000. Financial Management Professionals Inc. boosted its position in Invesco QQQ by 83.3% during the second quarter. Financial Management Professionals Inc. now owns 55 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 25 shares in the last quarter. Finally, Bullseye Investment Management LLC bought a new stake in Invesco QQQ during the second quarter valued at about $44,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Invesco QQQ stock traded down $2.47 during trading hours on Tuesday, reaching $743.57. The stock had a trading volume of 28,559,609 shares, compared to its average volume of 47,895,773. The business’s 50 day moving average price is $726.06 and its 200-day moving average price is $699.91. Invesco QQQ has a 52 week low of $555.60 and a 52 week high of $762.86.

Invesco QQQ Cuts Dividend

The firm also recently declared 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. The ex-dividend date was Monday, September 21st. This is a negative change from Invesco QQQ’s previous quarterly dividend of $0.8135. This represents a $3.01 dividend on an annualized basis and a dividend yield of 0.4%.

Invesco QQQ News Roundup

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

• Positive Sentiment: Strength in major social-media stocks, including Meta, Snap and Reddit, provided support for QQQ’s communication-services exposure. Truist’s bullish $1,000 price target for Meta, tied to the potential of its Muse artificial-intelligence product, reinforced optimism around AI-driven growth. Social Media Stocks Rally as Truist Sets $1,000 Street-High Meta Target
• Positive Sentiment: Software stocks have staged a sharp recovery since April, highlighting continued investor appetite for growth and technology themes that are heavily represented in QQQ. Everyone Declared Software Dead in April
• Neutral Sentiment: A Columbus Day session featured lighter trading volume, which may be exaggerating intraday moves and makes the ETF’s direction less conclusive. Low Volume Marks Columbus Day Session
• Neutral Sentiment: Market commentary remains mixed: easing volatility, oil prices and bond yields have supported broader equities, while investors are preparing for CPI, PPI and third-quarter earnings reports. Volatilities Fall On Oil/Yield Reprieve
• Negative Sentiment: QQQ’s recent weakness reflects profit-taking and caution after a strong run, with investors questioning whether expensive technology and AI shares can sustain their growth rates ahead of earnings. QQQ ETF Remains Under Pressure on Tuesday
• Negative Sentiment: Rising AI capital-expenditure requirements, high valuations and bubble concerns remain risks for the Magnificent Seven and other heavily weighted QQQ holdings. Guide to Magnificent Seven ETF Investing

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.