Invesco QQQ $QQQ Position Increased by AlphaCore Capital LLC

Key Points

• AlphaCore Capital increased its QQQ stake 22.6% in the third quarter, adding 6,325 shares to hold 34,299 shares valued at about $25.4 million.
• Institutional investors and hedge funds own 44.58% of QQQ. GoalVest Advisory made a particularly large increase, adding 610,939 shares during the third quarter.
• QQQ’s latest quarterly dividend fell to $0.7514 per share from $0.8135, equivalent to an annualized yield of about 0.4%.

AlphaCore Capital LLC boosted its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 22.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,299 shares of the exchange traded fund's stock after acquiring an additional 6,325 shares during the period. AlphaCore Capital LLC's holdings in Invesco QQQ were worth $25,399,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its holdings in shares of Invesco QQQ by 1.0% during 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 buying an additional 30,083 shares in the last quarter. Analyst IMS Investment Management Services Ltd. boosted its position 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 worth $1,316,358,000 after acquiring an additional 4,751 shares during the last quarter. HighTower Advisors LLC boosted its position 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 worth $906,272,000 after acquiring an additional 36,923 shares during the last quarter. Kestra Advisory Services LLC boosted its position in Invesco QQQ by 10.5% during the third quarter. Kestra Advisory Services LLC now owns 880,835 shares of the exchange traded fund's stock worth $651,615,000 after acquiring an additional 83,394 shares during the last quarter. Finally, GoalVest Advisory LLC grew its stake in 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 worth $454,185,000 after acquiring an additional 610,939 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Invesco QQQ

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

• Positive Sentiment: Broad U.S. equity ETFs and equity futures moved higher on Monday amid a global market recovery, which likely supported QQQ along with other growth-oriented funds. Exchange-Traded Funds, Equity Futures Higher Pre-Bell Monday Amid Global Market Recovery Exchange-Traded Funds Higher as US Equities Advance After Midday
• Neutral Sentiment: A retrospective on QQQ’s performance since launch highlights its strong long-term returns, but offers little new information about near-term trading. If You'd Invested $5,000 in QQQ the Day It Launched, Here's What You'd Have Today
• Negative Sentiment: One report said QQQ sold about $2.1 billion of stock on Nov. 5 and bought none, trimming all 101 positions. That broad selling may weigh on sentiment, though the report does not establish the reason for the transactions. Invesco QQQ (QQQ) Sells Apple and Nvidia on Nov. 5
• Negative Sentiment: Recent commentary flagged deteriorating market momentum and downside risk for the Nasdaq, including a bearish scenario for QQQ. These are analyst opinions, not confirmed forecasts, but they may reinforce caution toward the fund’s tech-heavy exposure. Q4 Rally Cycle Cracks As Negative Momentum Signals Worsen From October The Nasdaq Is Toast: QQQ Could Go 40% Lower Here's How, And What Could Stop It

Invesco QQQ Trading Up 3.5%

Shares of QQQ opened at $679.35 on Tuesday. The stock has a fifty day moving average of $720.23 and a two-hundred day moving average of $680.65. Invesco QQQ has a fifty-two week low of $555.60 and a fifty-two week high of $762.86.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Monday, September 21st were paid a $0.7514 dividend. The ex-dividend date was Monday, September 21st. This is a decrease from Invesco QQQ's previous quarterly dividend of $0.8135. This represents a $3.01 annualized dividend and a yield of 0.4%.

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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