Invesco QQQ $QQQ Stock Sold by Fluent Financial LLC

Fluent Financial LLC lowered its position in Invesco QQQ (NASDAQ:QQQ – Free Report) by 27.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,053 shares of the exchange traded fund’s stock after selling 3,396 shares during the period. Invesco QQQ comprises approximately 2.4% of Fluent Financial LLC’s investment portfolio, making the stock its 9th biggest position. Fluent Financial LLC’s holdings in Invesco QQQ were worth $6,697,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Flatrock Wealth Partners LLC acquired a new position in shares of Invesco QQQ during the first quarter valued at approximately $924,000. Hegarty Advisors LLC purchased a new position in shares of Invesco QQQ in the first quarter valued at approximately $2,212,000. Ascension Capital Advisors Inc. boosted its stake in shares of 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 acquiring an additional 2,678 shares during the last quarter. Financial Insights Inc. boosted its stake in shares of 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 acquiring an additional 1,901 shares during the last quarter. Finally, First Bancorp Inc ME acquired a new stake in shares of Invesco QQQ in the second quarter worth approximately $677,000. 44.58% of the stock is owned by hedge funds and other institutional investors.

More Invesco QQQ News

Here are the key news stories impacting Invesco QQQ this week:

• Positive Sentiment: Strength in major social-media stocks, including Meta, Snap and Reddit, provided support for QQQ’s communication-services exposure. Truist’s bullish $1,000 price target for Meta, tied to the potential of its Muse artificial-intelligence product, reinforced optimism around AI-driven growth. Social Media Stocks Rally as Truist Sets $1,000 Street-High Meta Target
• Positive Sentiment: Software stocks have staged a sharp recovery since April, highlighting continued investor appetite for growth and technology themes that are heavily represented in QQQ. Everyone Declared Software Dead in April
• Neutral Sentiment: A Columbus Day session featured lighter trading volume, which may be exaggerating intraday moves and makes the ETF’s direction less conclusive. Low Volume Marks Columbus Day Session
• Neutral Sentiment: Market commentary remains mixed: easing volatility, oil prices and bond yields have supported broader equities, while investors are preparing for CPI, PPI and third-quarter earnings reports. Volatilities Fall On Oil/Yield Reprieve
• Negative Sentiment: QQQ’s recent weakness reflects profit-taking and caution after a strong run, with investors questioning whether expensive technology and AI shares can sustain their growth rates ahead of earnings. QQQ ETF Remains Under Pressure on Tuesday
• Negative Sentiment: Rising AI capital-expenditure requirements, high valuations and bubble concerns remain risks for the Magnificent Seven and other heavily weighted QQQ holdings. Guide to Magnificent Seven ETF Investing

Invesco QQQ Stock Down 0.3%

Shares of QQQ traded down $2.47 during trading hours on Tuesday, hitting $743.57. 28,559,609 shares of the stock were exchanged, compared to its average volume of 47,895,773. Invesco QQQ has a 12-month low of $555.60 and a 12-month high of $762.86. The stock’s 50-day moving average price is $726.45 and its two-hundred day moving average price is $701.01.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Monday, September 21st were paid a dividend of $0.7514 per share. This is a drop 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 yield of 0.4%.

Invesco QQQ Company Profile

(Free Report)

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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