Rye Brook Capital LLC Sells 1,685 Shares of Invesco QQQ $QQQ

Rye Brook Capital LLC decreased its holdings in Invesco QQQ (NASDAQ:QQQ) by 5.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,586 shares of the exchange traded fund’s stock after selling 1,685 shares during the quarter. Invesco QQQ comprises 13.7% of Rye Brook Capital LLC’s investment portfolio, making the stock its largest holding. Rye Brook Capital LLC’s holdings in Invesco QQQ were worth $21,147,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. North Point Portfolio Managers Corp OH increased its holdings in shares of Invesco QQQ by 0.8% in the third quarter. North Point Portfolio Managers Corp OH now owns 2,608 shares of the exchange traded fund’s stock valued at $1,931,000 after purchasing an additional 21 shares during the period. Kwmg LLC raised its position in Invesco QQQ by 1.6% during the 3rd quarter. Kwmg LLC now owns 50,830 shares of the exchange traded fund’s stock worth $37,603,000 after buying an additional 805 shares during the last quarter. McAlister Sweet & Associates Inc. raised its position in Invesco QQQ by 0.5% during the 3rd quarter. McAlister Sweet & Associates Inc. now owns 20,452 shares of the exchange traded fund’s stock worth $15,130,000 after buying an additional 110 shares during the last quarter. Crumly & Associates Inc. lifted its stake in shares of Invesco QQQ by 15.7% in the 3rd quarter. Crumly & Associates Inc. now owns 3,458 shares of the exchange traded fund’s stock worth $2,558,000 after acquiring an additional 468 shares during the period. Finally, Pathway Financial Advisors LLC lifted its stake in shares of Invesco QQQ by 0.4% in the 3rd quarter. Pathway Financial Advisors LLC now owns 4,223 shares of the exchange traded fund’s stock worth $3,124,000 after acquiring an additional 16 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ News Summary

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

• Positive Sentiment: QQQ’s long-term momentum remains strong: the ETF is up more than 23% year to date and has significantly outperformed ARKK over the past five years. The gains reflect continued investor demand for profitable, large-cap technology and growth companies. Invesco QQQ Trust ETF Is Up 23 Percent Year to Date
• Positive Sentiment: A recent rally in technology stocks helped support QQQ, reinforcing the ETF’s exposure to the market’s strongest-performing sector. Optimism about technology earnings and AI-related growth continues to underpin demand. Markets Take Off As Tech Stocks Rally
• Neutral Sentiment: Economic commentary remains mixed. A weak September employment report could increase expectations for easier Federal Reserve policy, while other analysis suggests a U.S. recession is not imminent. The resulting uncertainty may keep QQQ volatile. September Employment Report
• Negative Sentiment: Broad-market ETFs and equity futures moved lower as traders awaited the Fed minutes. Any indication that rates may remain higher for longer could pressure QQQ’s high-growth holdings by reducing the value investors place on future earnings. ETFs and Equity Futures Down Before Fed Minutes
• Negative Sentiment: U.S. equities extended their decline after midday, signaling broad risk reduction rather than a QQQ-specific development. Exchange-Traded Funds Lower as U.S. Equities Decline
• Negative Sentiment: Commentary questioning whether an AI bubble is forming, along with warnings that Nasdaq valuations and market concentration have become stretched, creates a near-term risk of profit-taking in QQQ’s technology-heavy portfolio. Wall Street Breakfast Podcast: Pop Goes the AI Bubble

Invesco QQQ Stock Down 0.3%

Shares of NASDAQ:QQQ traded down $1.93 during midday trading on Wednesday, hitting $757.73. The stock had a trading volume of 25,325,128 shares, compared to its average volume of 48,244,180. Invesco QQQ has a 1 year low of $555.60 and a 1 year high of $762.86. The stock has a 50 day moving average price of $722.59 and a two-hundred day moving average price of $696.46.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Monday, September 21st will be given a $0.7514 dividend. The ex-dividend date is Monday, September 21st. This is a decrease from Invesco QQQ’s previous quarterly dividend of $0.8135. This represents a $3.01 dividend on an annualized basis and a yield of 0.4%.

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.