Great Waters Wealth Management lessened its stake in Invesco QQQ (NASDAQ:QQQ – Free Report) by 48.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,091 shares of the exchange traded fund’s stock after selling 1,028 shares during the period. Great Waters Wealth Management’s holdings in Invesco QQQ were worth $807,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Corient Private Wealth LLC increased its stake in shares of Invesco QQQ by 3,567.7% in the 4th quarter. Corient Private Wealth LLC now owns 21,436,917 shares of the exchange traded fund’s stock valued at $13,168,912,000 after buying an additional 20,852,432 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of 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 acquiring an additional 30,083 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Invesco QQQ by 21.4% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,025,000 shares of the exchange traded fund’s stock valued at $1,858,288,000 after acquiring an additional 534,000 shares during the period. Analyst IMS Investment Management Services Ltd. boosted its holdings in Invesco QQQ by 0.3% in the second quarter. Analyst IMS Investment Management Services Ltd. now owns 1,787,559 shares of the exchange traded fund’s stock valued at $1,316,358,000 after acquiring an additional 4,751 shares during the last quarter. Finally, HighTower Advisors LLC increased its position in Invesco QQQ by 3.1% in the second quarter. HighTower Advisors LLC now owns 1,230,679 shares of the exchange traded fund’s stock worth $906,272,000 after purchasing an additional 36,923 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.
Key Stories Impacting Invesco QQQ
Here are the key news stories impacting Invesco QQQ this week:
- Positive Sentiment: Technology stocks continued to lead the market, supporting QQQ’s exposure to major Nasdaq-100 constituents. A “risk-on” session and ongoing AI investment remain important catalysts. Markets Take Off As Tech Stocks Rally
- Positive Sentiment: QQQ’s more than 23% year-to-date gain reflects strong momentum in mega-cap technology, AI-related earnings expectations and investor preference for companies with structural growth. What’s Driving QQQ Higher
- Positive Sentiment: Analysts arguing that a U.S. recession is not imminent provide a favorable backdrop for cyclical technology spending, corporate profits and equity valuations. A U.S. Recession Still Isn’t Imminent
- Positive Sentiment: Some investors view AI exposure as a hedge against inflation and believe the technology can support earnings growth even if broader macroeconomic conditions remain uncertain. AI Is the New Inflation Hedge
- Neutral Sentiment: Weak employment data could eventually encourage easier Federal Reserve policy, which would benefit growth stocks, but commentary that the Fed may largely ignore the report limits the immediate bullish impact for QQQ. Employment Report
- Neutral Sentiment: Revised inflation data reportedly do not materially change the Fed’s policy challenge, leaving interest-rate expectations as a continuing source of volatility for high-growth technology stocks. Revised Inflation Data
- Neutral Sentiment: QQQ’s strong five-year performance compared with ARKK highlights the appeal of profitable mega-cap technology, although the comparison is affected by the selected measurement dates. Cathie Wood Discusses ARKK and QQQ
- Negative Sentiment: Recent commentary warns that the AI trade may be forming a bubble. Any disappointment in AI spending, earnings or monetization could trigger profit-taking across QQQ’s concentrated technology holdings. Pop Goes the AI Bubble?
- Negative Sentiment: The Nasdaq’s record levels and declining market breadth have raised concerns that gains are being driven by too few companies, increasing concentration and reversal risk for QQQ. Nasdaq at All-Time Highs
- Negative Sentiment: Credit-market warnings, rising yields and concerns about an increasingly irrational market could pressure richly valued growth stocks if risk appetite deteriorates. Credit Markets Signal a Reckoning
Invesco QQQ Stock Performance
Invesco QQQ Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Monday, September 21st will be given a dividend of $0.7514 per share. The ex-dividend date is Monday, September 21st. This represents a $3.01 annualized dividend and a dividend yield of 0.4%. This is a negative change from Invesco QQQ’s previous quarterly dividend of $0.8135.
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.
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