Sigma Planning Corp trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 7.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 107,254 shares of the exchange traded fund’s stock after selling 8,473 shares during the period. Invesco QQQ accounts for about 2.0% of Sigma Planning Corp’s investment portfolio, making the stock its 4th biggest holding. Sigma Planning Corp’s holdings in Invesco QQQ were worth $79,092,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of QQQ. GoalVest Advisory LLC raised its position in Invesco QQQ by 20,256.6% in the third quarter. GoalVest Advisory LLC now owns 613,955 shares of the exchange traded fund’s stock worth $454,185,000 after acquiring an additional 610,939 shares in the last quarter. Corient Private Wealth LP increased 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 valued at $401,553,000 after purchasing an additional 455,412 shares in the last quarter. Alaska Permanent Fund Corp acquired a new stake in shares of Invesco QQQ in the second quarter valued at about $207,072,000. Senator Investment Group LP acquired a new stake in shares of Invesco QQQ in the second quarter valued at about $157,221,000. Finally, Ascentis Wealth Management LLC boosted its holdings in Invesco QQQ by 74,117.2% during the second quarter. Ascentis Wealth Management LLC now owns 194,449 shares of the exchange traded fund’s stock worth $143,192,000 after buying an additional 194,187 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.
More Invesco QQQ News
Here are the key news stories impacting Invesco QQQ this week:
- Positive Sentiment: Pre-market strength in broad-market ETFs and equity futures suggests a supportive risk-on backdrop for QQQ, while investors anticipate earnings from major technology companies and potential clarity from the Federal Reserve. Exchange-Traded Funds, Equity Futures Higher Pre-Bell Monday Ahead of Big Tech Earnings, Fed Decision
- Positive Sentiment: One market analysis argues that the bull market is broadening beyond a narrow group of technology leaders, potentially reducing concentration risk and supporting continued gains across QQQ’s holdings. The Bull Market Is Maturing And Broadening
- Neutral Sentiment: QQQ reportedly sold an additional $14.3 million of NVIDIA shares, following a previously reported NVIDIA sale. These transactions appear to reflect fund rebalancing rather than a discretionary bearish call, but they can modestly affect exposure to one of QQQ’s largest holdings. INVESCO QQQ Trust (QQQ) Sells $14.3 Million More NVIDIA on Thursday
- Neutral Sentiment: Reported short interest was zero shares, providing no evidence of an active short-selling overhang; the unusual figure may reflect reporting or data limitations.
- Negative Sentiment: Investors remain concerned that elevated AI spending and valuations may not be matched by sufficient monetization. A disappointing technology earnings season could therefore pressure QQQ, which has benefited substantially from the AI trade. I Was Wrong: This Is Not The Bottom For AI Stocks
- Negative Sentiment: Comparisons with cheaper Nasdaq-100 funds highlight QQQ’s higher expense ratio, which could create a modest long-term drag and encourage some investors to switch, although taxes and transaction costs may outweigh the savings. Forget QQQ: The Company Behind It Runs the Same Index for $30 Less a Year on a $100K Balance
Invesco QQQ Stock Performance
Shares of QQQ opened at $712.20 on Tuesday. The firm’s 50-day moving average is $725.81 and its two-hundred day moving average is $676.80. Invesco QQQ has a twelve month low of $555.60 and a twelve month high of $762.86.
Invesco QQQ Cuts Dividend
The company 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. This is a negative change from Invesco QQQ’s previous quarterly dividend of $0.8135. 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%.
Invesco QQQ 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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