Firethorn Wealth Partners LLC reduced its holdings in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 32.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,436 shares of the exchange traded fund’s stock after selling 692 shares during the period. Firethorn Wealth Partners LLC’s holdings in Invesco QQQ were worth $1,062,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Corient Private Wealth LLC lifted its stake in Invesco QQQ by 3,567.7% during the fourth quarter. Corient Private Wealth LLC now owns 21,436,917 shares of the exchange traded fund’s stock worth $13,168,912,000 after purchasing an additional 20,852,432 shares during the period. Align Financial LLC bought a new stake in shares of Invesco QQQ in the 4th quarter valued at approximately $78,118,000. GoalVest Advisory LLC grew its stake in shares of Invesco QQQ by 20,256.6% in the 3rd quarter. GoalVest Advisory LLC now owns 613,955 shares of the exchange traded fund’s stock valued at $454,185,000 after purchasing an additional 610,939 shares during the period. Corient Private Wealth LP raised its holdings in shares of Invesco QQQ by 506.8% in the 2nd quarter. Corient Private Wealth LP now owns 545,270 shares of the exchange traded fund’s stock worth $401,553,000 after buying an additional 455,412 shares in the last quarter. Finally, Hsbc Holdings PLC raised its holdings in shares of Invesco QQQ by 337.6% in the 4th quarter. Hsbc Holdings PLC now owns 273,787 shares of the exchange traded fund’s stock worth $168,945,000 after buying an additional 389,028 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.
Invesco QQQ News Roundup
Here are the key news stories impacting Invesco QQQ this week:
- Positive Sentiment: Several articles highlight continued strength in technology leadership, including resilient software performance and optimism surrounding artificial-intelligence earnings and spending. Strong results or guidance from QQQ’s large technology holdings could help restore momentum during the upcoming earnings season. Software ETF article Earnings article
- Neutral Sentiment: QQQ’s concentration in mega-cap technology companies remains both a long-term advantage and a risk. Comparisons with broader-market ETFs such as VOO emphasize QQQ’s greater growth and technology exposure, while alternative technology ETFs focused on emerging markets may attract some investor interest without directly changing QQQ’s holdings. QQQ versus VOO article Technology ETF article
- Negative Sentiment: September consumer-price data was described as unexpectedly hot, reviving the possibility of an October Federal Reserve rate hike. Higher rates and bond yields typically pressure long-duration growth stocks by reducing the value of future earnings, making this the most immediate headwind for QQQ. Hot September CPI article September CPI momentum article
- Negative Sentiment: Market breadth has deteriorated, semiconductor shares have begun to roll over, and QQQ’s failed breakout has raised the risk that buyers were trapped near the highs. Capital is rotating toward utilities, consumer staples and energy, suggesting investors are reducing exposure to richly valued growth stocks. Market breadth article
- Negative Sentiment: Concerns that artificial-intelligence capital expenditures are vulnerable to higher financing costs, excessive valuations and a potential liquidity shock are adding pressure to the AI-heavy Nasdaq-100. AI capital-expenditure article AI industry risks article
Invesco QQQ Price Performance
Invesco QQQ Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Monday, September 21st were given a $0.7514 dividend. This represents a $3.01 dividend on an annualized basis and a yield of 0.4%. This is a negative change from Invesco QQQ’s previous quarterly dividend of $0.8135. 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.
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