Nikulski Financial Inc. trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 7.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 10,804 shares of the exchange traded fund’s stock after selling 847 shares during the quarter. Invesco QQQ comprises about 1.7% of Nikulski Financial Inc.’s investment portfolio, making the stock its 18th largest position. Nikulski Financial Inc.’s holdings in Invesco QQQ were worth $7,993,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dixon Fnancial Services Inc. increased its position in shares of Invesco QQQ by 119.9% during the third quarter. Dixon Fnancial Services Inc. now owns 1,834 shares of the exchange traded fund’s stock valued at $1,357,000 after buying an additional 1,000 shares during the period. Ascension Capital Advisors Inc. raised its stake in Invesco QQQ by 643.8% in the first quarter. Ascension Capital Advisors Inc. now owns 3,094 shares of the exchange traded fund’s stock worth $1,786,000 after buying an additional 2,678 shares in the last quarter. Financial Insights Inc. raised its stake in Invesco QQQ by 6.8% in the second quarter. Financial Insights Inc. now owns 29,790 shares of the exchange traded fund’s stock worth $21,938,000 after buying an additional 1,901 shares in the last quarter. First Bancorp Inc ME purchased a new stake in Invesco QQQ in the second quarter worth about $677,000. Finally, RWQ Financial Management Services Inc. lifted its holdings in Invesco QQQ by 87.7% in the third quarter. RWQ Financial Management Services Inc. now owns 14,012 shares of the exchange traded fund’s stock worth $10,366,000 after buying an additional 6,547 shares during the period. 44.58% of the stock is owned by institutional investors.
Invesco QQQ Stock Down 0.3%
Invesco QQQ stock opened at $688.17 on Friday. The stock’s 50 day simple moving average is $718.62 and its two-hundred day simple moving average is $681.57. Invesco QQQ has a fifty-two week low of $555.60 and a fifty-two week high of $762.86.
Invesco QQQ Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Monday, September 21st were given a $0.7514 dividend. 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 decrease from Invesco QQQ’s previous quarterly dividend of $0.8135.
Recent Invesco QQQ Headlines
Investors following QQQ have been watching these headlines:
- Positive Sentiment: Some commentary argues the AI rally may be back on track, and CoreWeave’s earnings reportedly eased concerns about AI spending. That may support QQQ’s large technology and AI-related holdings. 5 Bullish Signs the AI Rally is Back on Track
- Negative Sentiment: Reports of Nvidia CEO Jensen Huang’s departure triggered a selloff in Nvidia shares, creating a headwind for QQQ because of the fund’s exposure to the chipmaker. Jensen Huang Is Out: Here’s How Much Nvidia’s Selloff Cost a $10,000 QQQ Position
- Negative Sentiment: Hot inflation and the possibility of tighter Federal Reserve policy could pressure growth-stock valuations, a risk for QQQ’s technology-heavy portfolio. CPI Pushes Rate Hike Odds to About 100%
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.
Further Reading
- Five stocks we like better than Invesco QQQ
- Checkmate for AI Chips? NVIDIA’s Crisis Opens the Board
- Can NVIDIA Maintain Its Momentum Without Huang?
- Six Flags Lost $366 Million in Q3—Its Insiders Just Went Shopping
- What Went Wrong With Amprius Technologies’ Q3? Less Than You’d Think
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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