Invesco QQQ $QQQ Stock Holdings Raised by Silver Grove Financial Group Inc.

Silver Grove Financial Group Inc. lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 14.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,707 shares of the exchange traded fund’s stock after purchasing an additional 850 shares during the period. Invesco QQQ accounts for 2.3% of Silver Grove Financial Group Inc.’s holdings, making the stock its 8th biggest position. Silver Grove Financial Group Inc.’s holdings in Invesco QQQ were worth $4,961,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. GoalVest Advisory LLC increased its holdings in shares of Invesco QQQ by 20,256.6% during 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 last quarter. Corient Private Wealth LP lifted its holdings in Invesco QQQ by 506.8% during the 2nd quarter. Corient Private Wealth LP now owns 545,270 shares of the exchange traded fund’s stock valued at $401,553,000 after purchasing an additional 455,412 shares during the last quarter. Alaska Permanent Fund Corp acquired a new stake in Invesco QQQ during the 2nd quarter valued at $207,072,000. International Assets Investment Management LLC lifted its holdings in Invesco QQQ by 390.3% during the 3rd quarter. International Assets Investment Management LLC now owns 300,000 shares of the exchange traded fund’s stock valued at $221,931,000 after purchasing an additional 238,814 shares during the last quarter. Finally, Senator Investment Group LP bought a new position in Invesco QQQ during the second quarter worth $157,221,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ News Summary

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

• Positive Sentiment: The Nasdaq-100 had recently posted its strongest session since March, with chip stocks leading a broad rebound. That recovery offers support if buyers return, though it has not prevented the latest pullback. The Nasdaq-100 Just Had Its Best Day Since March Without Nvidia’s Help
• Neutral Sentiment: QQQ’s underlying index rallied in the prior session, but coverage cautioned that key technical levels will determine whether the move marks a durable rebound or a short-lived bounce. Invesco QQQ Trust ETF Is Falling Today — Here’s Why
• Negative Sentiment: U.S. equities fell after midday, weighing on broad-market ETFs and QQQ. Exchange-Traded Funds Lower as US Equities Decline After Midday
• Negative Sentiment: Hot October inflation and resilient employment data have prompted discussion of a possible December Fed rate hike. Higher-rate expectations can pressure growth and technology shares, which carry substantial weight in QQQ. Hot October CPI Prompts Chatter of a Jumbo December Fed Rate Hike

Invesco QQQ Trading Down 0.7%

NASDAQ:QQQ opened at $674.76 on Wednesday. Invesco QQQ has a one year low of $555.60 and a one year high of $762.86. The firm’s fifty day moving average price is $719.39 and its two-hundred day moving average price is $680.92.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Monday, September 21st were paid a dividend of $0.7514 per share. The ex-dividend date was Monday, September 21st. This represents a $3.01 dividend on an annualized basis and a dividend yield of 0.4%. This is a drop from Invesco QQQ’s previous quarterly dividend of $0.8135.

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.