LifeGoal Investments LLC grew its position in Invesco QQQ (NASDAQ:QQQ – Free Report) by 81.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,836 shares of the exchange traded fund’s stock after buying an additional 824 shares during the quarter. LifeGoal Investments LLC’s holdings in Invesco QQQ were worth $1,358,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Corient Private Wealth LLC lifted its stake in 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 acquiring an additional 20,852,432 shares during the period. Envestnet Asset Management Inc. increased its position in Invesco QQQ by 1.0% during the 2nd 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 period. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Invesco QQQ by 21.4% in the 4th 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 in the last quarter. Analyst IMS Investment Management Services Ltd. raised its holdings in shares of 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 valued at $1,316,358,000 after purchasing an additional 4,751 shares in the last quarter. Finally, HighTower Advisors LLC raised its holdings in shares of 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 valued at $906,272,000 after purchasing 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 record highs, powered by AI-related stocks, continue to support technology and semiconductor ETFs, including QQQ. ETFs to Benefit as Nasdaq’s Breakthrough Still Matters
- Positive Sentiment: Winebrenner Capital Management increased its QQQ position by 738 shares, a modest indication of continued institutional demand. Winebrenner Capital Management LLC Buys 738 Shares of Invesco QQQ
- Neutral Sentiment: QQQ’s identical-index alternative from Invesco has a lower expense ratio, encouraging some buy-and-hold investors to direct new contributions toward the cheaper fund. This may pressure future flows into QQQ, although it does not change the ETF’s underlying holdings. Why Buy-and-Hold Investors Are Switching From QQQ to This Lower-Fee Alternative
- Negative Sentiment: Broad U.S. equities and exchange-traded funds weakened during Thursday trading, creating direct pressure on QQQ and other growth-oriented benchmarks. Exchange-Traded Funds Drop as US Equities Fall After Midday
- Negative Sentiment: Reports that Treasury yields could move materially higher, potentially toward 6% for the 10-year note, have increased the discount rate applied to long-duration technology stocks. Fed minutes also suggested policymakers may favor additional tightening. The 10-Year Treasury Yield May Be About To Hit 6%
- Negative Sentiment: Higher oil prices linked to Middle East tensions add inflation risk and could make it harder for the Federal Reserve to ease policy, weighing on richly valued Nasdaq constituents. Exchange-Traded Funds, Equity Futures Down Pre-Bell Thursday as Oil Prices Rise
- Negative Sentiment: Analysts raised concerns about an AI bubble, aggressive off-balance-sheet financing and an eventual AI capital-spending slowdown. Those risks threaten the valuation and earnings-growth expectations supporting many of QQQ’s largest holdings. AI: More Off-Balance Sheet Shenanigans
Invesco QQQ Stock Down 1.3%
Invesco QQQ Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Monday, September 21st were issued a dividend of $0.7514 per share. This is a decrease from Invesco QQQ’s previous quarterly dividend of $0.8135. This represents a $3.01 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, September 21st.
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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