Destiny Capital Corp CO decreased its holdings in Invesco QQQ (NASDAQ:QQQ – Free Report) by 5.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,862 shares of the exchange traded fund’s stock after selling 1,670 shares during the quarter. Invesco QQQ accounts for approximately 10.4% of Destiny Capital Corp CO’s holdings, making the stock its 3rd biggest holding. Destiny Capital Corp CO’s holdings in Invesco QQQ were worth $22,091,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in QQQ. Envestnet Asset Management Inc. raised its position in Invesco QQQ by 1.0% in the second quarter. Envestnet Asset Management Inc. now owns 3,038,610 shares of the exchange traded fund’s stock worth $2,237,606,000 after purchasing an additional 30,083 shares in the last quarter. Analyst IMS Investment Management Services Ltd. boosted its holdings in Invesco QQQ by 0.3% during the second quarter. Analyst IMS Investment Management Services Ltd. now owns 1,787,559 shares of the exchange traded fund’s stock valued at $1,316,358,000 after purchasing an additional 4,751 shares in the last quarter. HighTower Advisors LLC boosted its holdings in Invesco QQQ by 3.1% during the second quarter. HighTower Advisors LLC now owns 1,230,679 shares of the exchange traded fund’s stock valued at $906,272,000 after purchasing an additional 36,923 shares in the last quarter. Kestra Advisory Services LLC grew its stake in shares of Invesco QQQ by 10.5% in the 3rd quarter. Kestra Advisory Services LLC now owns 880,835 shares of the exchange traded fund’s stock valued at $651,615,000 after purchasing an additional 83,394 shares during the period. Finally, GoalVest Advisory LLC grew its stake in shares of Invesco QQQ by 20,256.6% in the 3rd 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 during the period. 44.58% of the stock is owned by institutional investors.
Invesco QQQ Stock Performance
Invesco QQQ stock traded up $9.05 during mid-day trading on Friday, hitting $656.10. 70,404,673 shares of the company were exchanged, compared to its average volume of 40,681,568. The business has a fifty day moving average of $720.97 and a 200 day moving average of $680.33. Invesco QQQ has a 1-year low of $555.60 and a 1-year high of $762.86.
Invesco QQQ Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Monday, September 21st were given a dividend of $0.7514 per share. This is a decrease from Invesco QQQ’s previous quarterly dividend of $0.8135. The ex-dividend date was Monday, September 21st. This represents a $3.01 dividend on an annualized basis and a dividend yield of 0.5%.
Invesco QQQ News Roundup
Here are the key news stories impacting Invesco QQQ this week:
- Positive Sentiment: QQQ rose as several technology stocks recovered, helping lift the Nasdaq-100. Why Is Invesco QQQ Trust Rising Today, Nov. 6?
- Positive Sentiment: Broad U.S. equity ETFs advanced after midday, providing a supportive market backdrop for QQQ. Exchange-Traded Funds Higher as US Equities Advance After Midday
- Positive Sentiment: QQQ added to its Apple and NVIDIA positions on Nov. 4, increasing exposure to two major index constituents, though the fund’s purchases are not a separate earnings catalyst. INVESCO QQQ (QQQ) Adds Apple and NVIDIA on Nov. 4
- Neutral Sentiment: October job growth exceeded expectations. A resilient economy may support company demand, but it could also keep interest rates higher, a potential headwind for growth-stock valuations. Exchange-Traded Funds Higher, Equity Futures Mixed as US October Jobs Rise More than Expected
- Negative Sentiment: Recent selling in AI and semiconductor stocks remains a risk for QQQ, given the index’s substantial technology exposure. QQQ and SMH sink as chip stocks have worst day since 2020
- Negative Sentiment: Ongoing concerns about AI-sector volatility and broader market headwinds could make the rebound fragile. Q4 QQQ Roadmap: Navigating AI Turbulence & Market Headwinds
Invesco QQQ 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.
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