7,408 Invesco QQQ $QQQ Shares Bought by Carnegie Lake Advisors LLC

Key Points

• Carnegie Lake Advisors increased its QQQ stake by 1,012% in the third quarter, buying 7,408 shares. It held 8,140 shares valued at about $6.02 million, representing 5.3% of its portfolio.
• Other institutional investors also adjusted their positions, and institutional investors collectively owned 44.58% of QQQ, according to the article.
• QQQ’s quarterly dividend fell to $0.7514 per share from $0.8135, equivalent to an annualized dividend of about $3.01 and a 0.5% yield.

Carnegie Lake Advisors LLC boosted its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 1,012.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,140 shares of the exchange traded fund's stock after buying an additional 7,408 shares during the quarter. Invesco QQQ makes up approximately 5.3% of Carnegie Lake Advisors LLC's portfolio, making the stock its 5th largest holding. Carnegie Lake Advisors LLC's holdings in Invesco QQQ were worth $6,022,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Envestnet Asset Management Inc. lifted its stake 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 valued at $2,237,606,000 after purchasing an additional 30,083 shares during the last quarter. Analyst IMS Investment Management Services Ltd. raised its stake in shares of Invesco QQQ by 0.3% in 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 buying an additional 4,751 shares during the period. HighTower Advisors LLC raised its stake in shares of Invesco QQQ by 3.1% in 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 buying an additional 36,923 shares during the period. Kestra Advisory Services LLC raised its stake in shares of Invesco QQQ by 10.5% in the third quarter. Kestra Advisory Services LLC now owns 880,835 shares of the exchange traded fund's stock valued at $651,615,000 after buying an additional 83,394 shares during the period. Finally, GoalVest Advisory LLC lifted its position in shares of Invesco QQQ by 20,256.6% during the 3rd quarter. GoalVest Advisory LLC now owns 613,955 shares of the exchange traded fund's stock valued at $454,185,000 after buying an additional 610,939 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $656.10 on Monday. Invesco QQQ has a one year low of $555.60 and a one year high of $762.86. The business's fifty day moving average price is $720.97 and its 200-day moving average price is $680.33.

Invesco QQQ Cuts Dividend

The firm also recently disclosed 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 represents a $3.01 annualized dividend and a yield of 0.5%. This is a drop from Invesco QQQ's previous quarterly dividend of $0.8135. The ex-dividend date of this dividend was Monday, September 21st.

More Invesco QQQ News

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

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.

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