1,283 Invesco QQQ $QQQ Shares Sold by Steele Capital Management Inc.

Steele Capital Management Inc. reduced its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 0.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 199,620 shares of the exchange traded fund’s stock after selling 1,283 shares during the quarter. Invesco QQQ makes up 5.5% of Steele Capital Management Inc.’s investment portfolio, making the stock its 6th biggest holding. Steele Capital Management Inc.’s holdings in Invesco QQQ were worth $147,818,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GoalVest Advisory LLC boosted its holdings 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 valued at $454,185,000 after purchasing an additional 610,939 shares in the last quarter. Corient Private Wealth LP increased its stake in Invesco QQQ by 506.8% in the second 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 during the last quarter. Alaska Permanent Fund Corp acquired a new stake in Invesco QQQ during the second quarter worth approximately $207,072,000. International Assets Investment Management LLC raised its holdings in Invesco QQQ by 390.3% during the third quarter. International Assets Investment Management LLC now owns 300,000 shares of the exchange traded fund’s stock worth $221,931,000 after purchasing an additional 238,814 shares in the last quarter. Finally, Senator Investment Group LP acquired a new stake in Invesco QQQ during the second quarter worth approximately $157,221,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $647.05 on Friday. Invesco QQQ has a twelve month low of $555.60 and a twelve month high of $762.86. The firm has a 50 day simple moving average of $722.27 and a 200-day simple moving average of $680.09.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Monday, September 21st were given a $0.7514 dividend. 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 dividend on an annualized basis and a dividend yield of 0.5%.

Invesco QQQ News Summary

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

• Neutral Sentiment: QQQ’s RSI was reported in oversold territory, but technical indicators still showed a strong-sell signal; oversold conditions alone do not confirm a rebound. QQQ key support and resistance levels to watch
• Negative Sentiment: QQQ saw approximately $80 billion in trading as technology shares sold off. The unusually high activity highlights intense investor repositioning and selling pressure. Invesco QQQ Trust sees record trading volume amid tech selloff
• Negative Sentiment: Semiconductor stocks experienced their worst session since 2020, dragging down QQQ and other tech-heavy funds as investors retreated from AI and growth shares. QQQ and SMH sink as chip stocks have worst day since 2020
• Negative Sentiment: AMD’s sharp drop added to pressure on chip-focused ETFs and broader index funds, including portfolios with overlapping semiconductor exposure. AMD’s Double-Digit Drop Is Rippling Through Your Chip ETFs

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.