Howland Capital Management LLC Buys 4,140 Shares of Invesco QQQ $QQQ

Key Points

• Howland Capital Management increased its Invesco QQQ stake by 135.4% in the third quarter, purchasing 4,140 additional shares for a total of 7,198 shares valued at approximately $5.33 million.
• Several other institutional investors also increased their QQQ holdings, including GoalVest Advisory, which raised its position by more than 20,000%; institutional investors collectively own 44.58% of the ETF.
• QQQ opened at $704.40, while its quarterly dividend fell to $0.7514 per share from $0.8135, producing an annualized yield of about 0.4%. Technology-sector volatility, AI spending concerns and higher interest rates remain key risks for the Nasdaq-100-focused ETF.

Howland Capital Management LLC raised its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 135.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,198 shares of the exchange traded fund's stock after buying an additional 4,140 shares during the period. Howland Capital Management LLC's holdings in Invesco QQQ were worth $5,330,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in QQQ. Envestnet Asset Management Inc. boosted its holdings in shares of 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 period. Analyst IMS Investment Management Services Ltd. increased its holdings in Invesco QQQ by 0.3% during the 2nd quarter. Analyst IMS Investment Management Services Ltd. now owns 1,787,559 shares of the exchange traded fund's stock worth $1,316,358,000 after purchasing an additional 4,751 shares during the period. HighTower Advisors LLC increased its holdings in Invesco QQQ by 3.1% during the 2nd quarter. HighTower Advisors LLC now owns 1,230,679 shares of the exchange traded fund's stock worth $906,272,000 after purchasing an additional 36,923 shares during the period. Janney Montgomery Scott LLC raised its position in Invesco QQQ by 1.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 850,685 shares of the exchange traded fund's stock valued at $490,998,000 after purchasing an additional 9,542 shares in the last quarter. Finally, GoalVest Advisory LLC raised its position in 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 purchasing an additional 610,939 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

More Invesco QQQ News

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

• Positive Sentiment: Technology stocks had recently led a Nasdaq rebound, supporting QQQ as investors continued to favor major growth companies and AI-related leaders. Technology Stocks Pop, Lead Nasdaq Higher
• Positive Sentiment: QQQ was described as inching higher during Friday’s session, suggesting some dip-buying and stabilization after recent technology-sector volatility. Here’s Why the Invesco QQQ Trust ETF Is Inching Higher Today, October 23
• Neutral Sentiment: The launch of Tuttle Capital’s QQDH, an actively managed ETF using Nasdaq-100 exposure and options strategies, increases the range of competing Nasdaq-focused products but does not directly change QQQ’s holdings or fundamentals. Tuttle Capital Launches QQDH
• Neutral Sentiment: Invesco’s new international-innovator ETF, QQI, may broaden the company’s product lineup, though its higher costs and lower liquidity make it more of a complementary product than a direct replacement for QQQ. Invesco Launches QQI
• Negative Sentiment: Pre-market weakness in equity ETFs and renewed worries that massive AI capital expenditures may not generate adequate returns pressured growth-oriented funds such as QQQ. ETFs and Futures Lower Amid AI Spending Concerns
• Negative Sentiment: A recent technology sell-off and rotation into defensive stocks highlighted investor caution toward elevated technology valuations. Higher interest rates and credit-market concerns also remain headwinds for QQQ’s long-duration growth holdings. Tech Sell-Off Leads to Defensive Stocks

Invesco QQQ Trading Down 0.0%

Shares of QQQ stock opened at $704.40 on Friday. Invesco QQQ has a twelve month low of $555.60 and a twelve month high of $762.86. The stock has a fifty day simple moving average of $725.57 and a two-hundred day simple moving average of $708.07.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Monday, September 21st were paid 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 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, September 21st.

Invesco QQQ Company 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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