CoreCap Advisors LLC Decreases Holdings in Invesco QQQ $QQQ

CoreCap Advisors LLC lowered its holdings in Invesco QQQ (NASDAQ:QQQ) by 5.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 100,571 shares of the exchange traded fund’s stock after selling 5,840 shares during the period. Invesco QQQ makes up 2.2% of CoreCap Advisors LLC’s investment portfolio, making the stock its 8th largest position. CoreCap Advisors LLC’s holdings in Invesco QQQ were worth $74,400,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Corient Private Wealth LLC increased its position in shares of Invesco QQQ by 3,567.7% in 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 last quarter. Envestnet Asset Management Inc. lifted its position in Invesco QQQ by 1.0% during the second quarter. Envestnet Asset Management Inc. now owns 3,038,610 shares of the exchange traded fund’s stock valued at $2,237,606,000 after purchasing an additional 30,083 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in Invesco QQQ by 21.4% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,025,000 shares of the exchange traded fund’s stock valued at $1,858,288,000 after purchasing an additional 534,000 shares during the last quarter. Analyst IMS Investment Management Services Ltd. grew its stake in Invesco QQQ by 0.3% in the 2nd quarter. Analyst IMS Investment Management Services Ltd. now owns 1,787,559 shares of the exchange traded fund’s stock worth $1,316,358,000 after buying an additional 4,751 shares in the last quarter. Finally, HighTower Advisors LLC grew its stake in Invesco QQQ by 3.1% in the 2nd quarter. HighTower Advisors LLC now owns 1,230,679 shares of the exchange traded fund’s stock worth $906,272,000 after buying an additional 36,923 shares in the last quarter. Institutional investors own 44.58% of the company’s stock.

Key Invesco QQQ News

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

• Positive Sentiment: Nasdaq strength and continued enthusiasm for artificial-intelligence stocks are supporting technology and semiconductor ETFs, which are major drivers of QQQ’s portfolio. The index’s record-setting move suggests investors remain willing to pay premium valuations for large-cap growth companies. ETFs to Benefit as Nasdaq’s Breakthrough Still Matters
• Positive Sentiment: Winebrenner Capital Management increased its QQQ holding by 25.9%, adding 738 shares. The purchase is a modest institutional vote of confidence, though it is unlikely to materially affect the ETF’s price by itself. Winebrenner Capital Management LLC Buys 738 Shares of Invesco QQQ
• Neutral Sentiment: Market commentary highlights exceptionally strong leadership and record highs, but also warns that investors may be reluctant to chase market leaders after the rally. This creates the potential for continued gains alongside heightened volatility. As Q4 Begins, I Don’t Want To Chase The Market Leaders
• Negative Sentiment: Fed minutes reportedly point to the possibility of further tightening amid mixed inflation data. Higher-for-longer interest rates can pressure QQQ’s long-duration technology and growth holdings by raising discount rates and reducing valuation support. Fed Minutes Signal More Tightening Amid Mixed Inflation Data
• Negative Sentiment: Rising Treasury yields, concerns about AI capital-spending financing, and fears that an AI investment slowdown could emerge are increasing pressure on technology valuations. Analysts also warn that elevated market leadership may be vulnerable to a correction. The AI Capex Wall: Why Financing Constraints Will Trigger A Slowdown
• Negative Sentiment: U.S. equity ETFs and futures moved lower as oil prices rose following comments that reduced optimism about a potential U.S.-Iran agreement. Higher energy prices could revive inflation concerns and reinforce expectations for restrictive monetary policy. Exchange-Traded Funds, Equity Futures Down Pre-Bell Thursday
• Negative Sentiment: Broad-market ETFs declined after midday, indicating that the weakness was not limited to a single QQQ constituent and reflecting broader risk reduction by investors. Exchange-Traded Funds Drop as US Equities Fall After Midday

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ traded down $10.15 during trading on Thursday, reaching $747.58. The company had a trading volume of 49,397,021 shares, compared to its average volume of 48,246,410. The company has a fifty day moving average of $722.59 and a two-hundred day moving average of $696.46. Invesco QQQ has a 12 month low of $555.60 and a 12 month high of $762.86.

Invesco QQQ Cuts Dividend

The business also recently announced 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. This represents a $3.01 annualized dividend and a yield of 0.4%. This is a drop from Invesco QQQ’s previous quarterly dividend of $0.8135. The ex-dividend date is 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.