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Invesco QQQ $QQQ Stock: Investment Partners LTD. Boosts Holdings

Invesco QQQ logo with background
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Key Points

  • Investment Partners LTD. nearly doubled its QQQ stake in the third quarter, increasing holdings by 99.3% to 6,818 shares valued at approximately $5.04 million.
  • Several other institutional investors also increased their positions, and institutions and hedge funds collectively own 44.58% of QQQ.
  • QQQ was trading at $690.49 after a 3.5% decline, while its quarterly dividend fell to $0.7514 from $0.8135, producing an annualized yield of about 0.4%.
  • Five stocks to consider instead of Invesco QQQ.

Investment Partners LTD. lifted its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 99.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,818 shares of the exchange traded fund's stock after purchasing an additional 3,397 shares during the quarter. Investment Partners LTD.'s holdings in Invesco QQQ were worth $5,044,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in QQQ. Envestnet Asset Management Inc. lifted 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 worth $2,237,606,000 after buying an additional 30,083 shares in the last quarter. Analyst IMS Investment Management Services Ltd. grew 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 acquiring an additional 4,751 shares in the last quarter. HighTower Advisors LLC grew 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 acquiring an additional 36,923 shares in the last quarter. GoalVest Advisory LLC grew its holdings in shares of 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 valued at $454,185,000 after acquiring an additional 610,939 shares in the last quarter. Finally, Corient Private Wealth LP increased its position in shares of Invesco QQQ by 506.8% in the second quarter. Corient Private Wealth LP now owns 545,270 shares of the exchange traded fund's stock valued at $401,553,000 after acquiring an additional 455,412 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Trading Down 3.5%

QQQ opened at $690.49 on Friday. Invesco QQQ has a 52-week low of $555.60 and a 52-week high of $762.86. The business's 50-day simple moving average is $725.00 and its 200 day simple moving average is $679.01.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Monday, September 21st were paid a $0.7514 dividend. This is a negative change 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 News Summary

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

Invesco QQQ Company Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ - Free Report).

Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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