Invesco QQQ $QQQ Stock Purchased by Consolidated Investment Group LLC

Key Points

• Consolidated Investment Group increased its QQQ stake by 0.8% in the third quarter, adding 2,900 shares to hold 360,400 shares valued at about $266.6 million. QQQ represents 23.6% of the firm’s portfolio and is its largest holding.
• Other institutional investors also reported increasing their holdings; hedge funds and other institutions collectively own 44.58% of QQQ.
• QQQ’s latest quarterly dividend fell to $0.7514 per share from $0.8135, equivalent to an annualized dividend of about $3.01 and a 0.4% yield.

Consolidated Investment Group LLC lifted its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 0.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 360,400 shares of the exchange traded fund's stock after buying an additional 2,900 shares during the period. Invesco QQQ makes up approximately 23.6% of Consolidated Investment Group LLC's holdings, making the stock its largest holding. Consolidated Investment Group LLC owned about 0.05% of Invesco QQQ worth $266,613,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of QQQ. Envestnet Asset Management Inc. lifted its position 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. grew its holdings 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 worth $1,316,358,000 after purchasing an additional 4,751 shares during the last quarter. HighTower Advisors LLC increased 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 worth $906,272,000 after buying an additional 36,923 shares during the period. Kestra Advisory Services LLC increased 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 worth $651,615,000 after buying an additional 83,394 shares during the period. Finally, GoalVest Advisory LLC increased its stake in shares of Invesco QQQ by 20,256.6% in the third quarter. GoalVest Advisory LLC now owns 613,955 shares of the exchange traded fund's stock worth $454,185,000 after buying an additional 610,939 shares during the period. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Up 3.5%

NASDAQ:QQQ opened at $679.35 on Tuesday. The company has a fifty day moving average of $720.23 and a 200 day moving average of $680.65. Invesco QQQ has a 52 week low of $555.60 and a 52 week high of $762.86.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Monday, September 21st were given a $0.7514 dividend. The ex-dividend date was Monday, September 21st. 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 dividend yield of 0.4%.

Invesco QQQ News Roundup

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

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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