Madrid Financial Services Purchases New Holdings in Invesco QQQ $QQQ

Key Points

• Madrid Financial Services initiated a $13.1 million position in Invesco QQQ during the third quarter, buying 17,664 shares. QQQ now represents about 7.6% of its portfolio and is its third-largest holding.
• Other institutional investors also adjusted or expanded their positions; institutional investors and hedge funds collectively own 44.58% of QQQ.
• Invesco QQQ’s quarterly dividend fell to $0.7514 per share from $0.8135, equivalent to an annualized $3.01 and a 0.5% yield.

Madrid Financial Services purchased a new stake in Invesco QQQ (NASDAQ:QQQ - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 17,664 shares of the exchange traded fund's stock, valued at approximately $13,067,000. Invesco QQQ makes up about 7.6% of Madrid Financial Services' portfolio, making the stock its 3rd biggest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its stake 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 valued at $2,237,606,000 after purchasing an additional 30,083 shares during the period. Analyst IMS Investment Management Services Ltd. lifted 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 valued at $1,316,358,000 after purchasing an additional 4,751 shares in the last quarter. HighTower Advisors LLC lifted its holdings 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 valued at $906,272,000 after purchasing an additional 36,923 shares in the last quarter. Kestra Advisory Services LLC boosted its position 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 boosted its position 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. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Stock Up 1.4%

Shares of Invesco QQQ stock opened at $656.10 on Friday. Invesco QQQ has a 12 month low of $555.60 and a 12 month high of $762.86. The business has a fifty day simple moving average of $720.97 and a 200-day simple moving average of $680.33.

Invesco QQQ Cuts Dividend

The firm also recently disclosed 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 of this dividend was Monday, September 21st. This represents a $3.01 annualized dividend and a yield of 0.5%. This is a decrease from Invesco QQQ's previous quarterly dividend of $0.8135.

Trending Headlines about Invesco QQQ

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

• Positive Sentiment: QQQ rose as several technology stocks recovered, helping lift the Nasdaq-100. Why Is Invesco QQQ Trust Rising Today, Nov. 6?
• Positive Sentiment: Broad U.S. equity ETFs advanced after midday, providing a supportive market backdrop for QQQ. Exchange-Traded Funds Higher as US Equities Advance After Midday
• Positive Sentiment: QQQ added to its Apple and NVIDIA positions on Nov. 4, increasing exposure to two major index constituents, though the fund’s purchases are not a separate earnings catalyst. INVESCO QQQ (QQQ) Adds Apple and NVIDIA on Nov. 4
• Neutral Sentiment: October job growth exceeded expectations. A resilient economy may support company demand, but it could also keep interest rates higher, a potential headwind for growth-stock valuations. Exchange-Traded Funds Higher, Equity Futures Mixed as US October Jobs Rise More than Expected
• Negative Sentiment: Recent selling in AI and semiconductor stocks remains a risk for QQQ, given the index’s substantial technology exposure. QQQ and SMH sink as chip stocks have worst day since 2020
• Negative Sentiment: Ongoing concerns about AI-sector volatility and broader market headwinds could make the rebound fragile. Q4 QQQ Roadmap: Navigating AI Turbulence & Market Headwinds

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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