Core Insights - Amplius Wealth Advisors sold 27,345 shares of Invesco QQQ Trust, valued at approximately $15.7 million, during the third quarter, reducing its stake in the ETF [1][2][7] - The remaining shares held by Amplius at the end of the third quarter totaled 44,215, representing 2.3% of the firm's 13F assets under management (AUM) [2][3] Financial Metrics - As of the latest market close, Invesco QQQ Trust's price was $617.10, reflecting a 25% increase over the past year, outperforming the S&P 500's nearly 17% gain [3][4] - The total AUM for Invesco QQQ Trust is reported at $402.1 billion, with a one-year total return of 24% [4] Investment Strategy - The sale of QQQ shares is part of a tactical rebalancing strategy by Amplius, rather than a complete shift away from growth investments [7][10] - Despite the reduction in QQQ holdings, Amplius maintains significant exposure through its Amplius Aggressive Asset Allocation ETF (AAAA), which allocates 12.7% of its assets to QQQ [7][10] Market Position - Invesco QQQ Trust is recognized as a leading ETF that provides targeted access to the NASDAQ-100 Index, focusing on large-cap growth stocks, particularly in the technology sector [6][9] - The ETF's structure allows for liquid access to growth-oriented equities, making it a barometer for market leadership in innovation-driven sectors such as cloud computing, AI, and semiconductors [9][11]