Invesco QQQ $QQQ Shares Acquired by GoalVest Advisory LLC

Key Points

• GoalVest Advisory LLC dramatically increased its QQQ position by 20,256.6% in the third quarter, buying 610,939 additional shares to reach 613,955 shares valued at approximately $454.2 million.
• QQQ traded up 1.1% to $750.12, near its 52-week high, supported by optimism around technology earnings, artificial-intelligence spending and Nasdaq strength.
• Higher interest rates and persistent inflation remain key risks for QQQ’s growth-oriented holdings, while its quarterly dividend was reduced to $0.7514 per share from $0.8135.

GoalVest Advisory LLC lifted its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 20,256.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 613,955 shares of the exchange traded fund's stock after buying an additional 610,939 shares during the quarter. Invesco QQQ comprises 23.3% of GoalVest Advisory LLC's investment portfolio, making the stock its largest holding. GoalVest Advisory LLC owned 0.09% of Invesco QQQ worth $454,185,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. CAP Partners LLC lifted its stake in Invesco QQQ by 3.5% in the first quarter. CAP Partners LLC now owns 444 shares of the exchange traded fund's stock valued at $256,000 after acquiring an additional 15 shares during the last quarter. Durante & Waters LLC raised its holdings in shares of Invesco QQQ by 1.1% during the 1st quarter. Durante & Waters LLC now owns 1,425 shares of the exchange traded fund's stock valued at $822,000 after purchasing an additional 15 shares in the last quarter. Roxbury Financial LLC lifted its stake in shares of Invesco QQQ by 19.7% in the 2nd quarter. Roxbury Financial LLC now owns 91 shares of the exchange traded fund's stock valued at $67,000 after purchasing an additional 15 shares during the last quarter. Forty three Eighteen Advisors LLC lifted its stake in shares of Invesco QQQ by 0.6% in the 1st quarter. Forty three Eighteen Advisors LLC now owns 2,694 shares of the exchange traded fund's stock valued at $1,555,000 after purchasing an additional 16 shares during the last quarter. Finally, J. L. Bainbridge & Co. Inc. boosted its holdings in Invesco QQQ by 0.4% in the second quarter. J. L. Bainbridge & Co. Inc. now owns 4,354 shares of the exchange traded fund's stock worth $3,206,000 after purchasing an additional 16 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

More Invesco QQQ News

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

• Positive Sentiment: Investors remain optimistic that strong earnings, seasonal market strength, post-midterm-election enthusiasm and continued artificial-intelligence spending can support stocks even if interest rates stay elevated. This backdrop is favorable for QQQ’s technology-heavy holdings. Why Stocks Could Defy Higher Rates and Keep Rallying: ETFs to Watch
• Positive Sentiment: Recent market commentary points to solid fundamentals, historical October strength and continued investor confidence as reasons for optimism. These factors are helping sustain demand for growth-oriented ETFs such as QQQ. Uptober Is Here: 5 Reasons for Optimism
• Positive Sentiment: Reports highlighting resilient economic activity in data centers and manufacturing reinforce the investment case for AI infrastructure and related technology companies, several of which are significant Nasdaq-100 constituents. Real Economy Growth Highlights Data Centers and Manufacturing
• Neutral Sentiment: U.S. equity ETFs and futures traded mixed as investors assessed Micron’s results and new economic data. The uneven market action suggests investors are supporting QQQ while remaining selective about valuations and earnings outlooks. Exchange-Traded Funds and Equity Futures Up Pre-Bell Thursday
• Negative Sentiment: Persistent inflation and a strong economy could keep Treasury yields elevated, limiting the Federal Reserve’s ability to cut rates. Higher rates increase the discount rate applied to future technology earnings and remain the main risk to QQQ’s rally. The U.S. Economy Is Running Hot
• Negative Sentiment: Analysis indicating that inflation remains above the Fed’s target and that markets may be underestimating monetary-policy pressure could restrain gains in rate-sensitive growth stocks, including QQQ holdings. New Price Inflation Data Shows the Fed Has Missed Its Target

Invesco QQQ Trading Up 1.1%

Invesco QQQ stock traded up $8.09 during mid-day trading on Friday, hitting $750.12. 20,015,263 shares of the company's stock were exchanged, compared to its average volume of 48,518,805. Invesco QQQ has a 1-year low of $555.60 and a 1-year high of $754.54. The stock has a 50 day moving average of $716.20 and a two-hundred day moving average of $692.01.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Monday, September 21st will be issued a dividend of $0.7514 per share. The ex-dividend date of this dividend is Monday, September 21st. This represents a $3.01 dividend on an annualized basis and a dividend yield of 0.4%. This is a negative change from Invesco QQQ's previous quarterly dividend of $0.8135.

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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