Compass Financial Group INC SD decreased its position in Invesco QQQ (NASDAQ:QQQ – Free Report) by 15.7% during the 3rd quarter, Holdings Channel reports. The fund owned 4,470 shares of the exchange traded fund’s stock after selling 835 shares during the quarter. Invesco QQQ makes up 0.4% of Compass Financial Group INC SD’s portfolio, making the stock its 28th biggest holding. Compass Financial Group INC SD’s holdings in Invesco QQQ were worth $3,307,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the company. High Point Wealth Management LLC lifted its holdings in Invesco QQQ by 68.0% during the 2nd quarter. High Point Wealth Management LLC now owns 42 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 17 shares during the last quarter. Parvin Asset Management LLC purchased a new position in Invesco QQQ during the 1st quarter worth approximately $28,000. Islay Capital Management LLC purchased a new stake in Invesco QQQ in the fourth quarter valued at approximately $32,000. Financial Management Professionals Inc. boosted its holdings in shares of Invesco QQQ by 83.3% in the second quarter. Financial Management Professionals Inc. now owns 55 shares of the exchange traded fund’s stock valued at $41,000 after acquiring an additional 25 shares during the period. Finally, Bullseye Investment Management LLC purchased a new position in shares of Invesco QQQ during the second quarter worth approximately $44,000. 44.58% of the stock is owned by hedge funds and other institutional investors.
Invesco QQQ Trading Down 0.5%
NASDAQ QQQ traded down $3.84 during trading on Tuesday, reaching $742.20. The company’s stock had a trading volume of 15,725,996 shares, compared to its average volume of 47,826,102. Invesco QQQ has a twelve month low of $555.60 and a twelve month high of $762.86. The business’s fifty day moving average price is $726.06 and its 200-day moving average price is $699.91.
Invesco QQQ Cuts Dividend
More Invesco QQQ News
Here are the key news stories impacting Invesco QQQ this week:
- Positive Sentiment: Falling volatility, easing oil prices and a reprieve in bond yields supported broader equities and could provide a favorable backdrop for QQQ’s technology-heavy portfolio. Volatilities Fall On Oil/Yield Reprieve As The S&P Rallies Into Earnings Season
- Positive Sentiment: Analysts remain constructive on equities despite persistent “walls of worry,” suggesting that strong earnings or improving sentiment could continue to support major Nasdaq constituents. The Wall Of Worry Still Points To Higher Prices
- Positive Sentiment: Invesco highlighted the QQQ product ecosystem and its leadership in innovation-focused ETFs, reinforcing the fund’s appeal to investors seeking exposure to secular technology trends. Brian Hartigan on Why Invesco’s QQQ Suite Stands Out Among Competitors
- Neutral Sentiment: Trading activity was unusually light during the Columbus Day session, which can exaggerate daily moves and makes the decline less indicative of a decisive change in investor positioning. Low Volume Marks Columbus Day Session
- Neutral Sentiment: Coverage of QQQ’s daily performance focused on normal market sensitivity to Nasdaq-100 constituents and broader market conditions rather than a company-specific development. Why Is Invesco QQQ Trust ETF (QQQ) Down Today, Oct. 12?
- Negative Sentiment: Investors are preparing for upcoming CPI, PPI and third-quarter earnings reports, raising the risk of renewed rate and valuation volatility for QQQ’s growth-oriented holdings. CPI, PPI, And Q3 Earnings Soon, October Could End Roughly
- Negative Sentiment: Concerns about elevated technology valuations, rising AI capital spending and potential bubble risks may be limiting enthusiasm for the Magnificent Seven and other major QQQ holdings. Guide to Magnificent Seven ETF Investing
- Negative Sentiment: Some market observers are raising cash ahead of the midterm elections and warning that stressed debt markets could create additional pressure on risk assets, including growth-focused ETFs. Brace Yourself For The Midterms, I’m Raising Cash
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.
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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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