PPS&V Asset Management Consultants Inc. Cuts Holdings in Invesco QQQ $QQQ

PPS&V Asset Management Consultants Inc. cut its stake in Invesco QQQ (NASDAQ:QQQ) by 1.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,909 shares of the exchange traded fund’s stock after selling 965 shares during the quarter. Invesco QQQ comprises about 19.6% of PPS&V Asset Management Consultants Inc.’s holdings, making the stock its 2nd biggest holding. PPS&V Asset Management Consultants Inc.’s holdings in Invesco QQQ were worth $36,181,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the company. Corient Private Wealth LLC lifted its position in Invesco QQQ by 3,567.7% during the fourth quarter. Corient Private Wealth LLC now owns 21,436,917 shares of the exchange traded fund’s stock valued at $13,168,912,000 after buying an additional 20,852,432 shares during the period. Align Financial LLC purchased a new stake in Invesco QQQ in the fourth quarter worth about $78,118,000. GoalVest Advisory LLC increased its stake in shares of Invesco QQQ by 20,256.6% during 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. Healthcare of Ontario Pension Plan Trust Fund raised its stake 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 buying an additional 534,000 shares during the last quarter. Finally, Corient Private Wealth LP grew its stake in shares of 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 worth $401,553,000 after acquiring an additional 455,412 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ traded up $3.46 on Tuesday, hitting $759.66. 26,426,514 shares of the company traded hands, compared to its average volume of 48,363,570. Invesco QQQ has a 52 week low of $555.60 and a 52 week high of $762.86. The stock has a 50 day simple moving average of $718.99 and a 200-day simple moving average of $694.14.

Invesco QQQ Cuts Dividend

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

Trending Headlines about Invesco QQQ

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

• Positive Sentiment: A broad technology-stock rally is lifting the Nasdaq-100, directly benefiting QQQ because of its significant exposure to major technology and communications companies. Markets Take Off As Tech Stocks Rally
• Positive Sentiment: Market commentary remains bullish, with some analysts arguing that a U.S. recession is not imminent, the bull market can continue, and rising bond yields may not derail equities. These views support continued appetite for growth stocks held by QQQ. A U.S. Recession Still Isn’t Imminent
• Positive Sentiment: Softer employment data and expectations for a Federal Reserve pause could reduce pressure from interest rates, a potential tailwind for high-growth technology valuations. Softer Jobs Data Strengthen The Case For A Fed Pause
• Neutral Sentiment: QQQ’s strong five-year performance compared with ARKK highlights investor preference for profitable, established technology leaders, although the comparison is disputed by Cathie Wood as sensitive to the measurement period. Cathie Wood Claps Back After ARKK Comparison
• Negative Sentiment: Several reports warn that the Nasdaq and broader equity markets may be overextended, citing narrow market breadth, elevated valuations, and comparisons with the dot-com era. These concerns could increase volatility for QQQ after its strong advance. Nasdaq At All-Time Highs: This Is Getting Ridiculous
• Negative Sentiment: Weak September job growth and warnings about credit-market stress remain risks, particularly if higher yields or deteriorating economic conditions pressure high-growth stocks. Employment Report: 29K Jobs Added In September, Worse Than Expected

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.