Granville Capital Inc. grew its stake in Invesco QQQ (NASDAQ:QQQ – Free Report) by 5.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,499 shares of the exchange traded fund’s stock after purchasing an additional 2,185 shares during the quarter. Invesco QQQ makes up about 11.8% of Granville Capital Inc.’s holdings, making the stock its largest position. Granville Capital Inc.’s holdings in Invesco QQQ were worth $29,960,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently modified their holdings of the stock. GoalVest Advisory LLC raised its position in 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 buying an additional 610,939 shares during the last quarter. Corient Private Wealth LP lifted its stake 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 acquiring an additional 455,412 shares in the last quarter. Alaska Permanent Fund Corp purchased a new position in Invesco QQQ during the 2nd quarter worth $207,072,000. International Assets Investment Management LLC boosted 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 worth $221,931,000 after acquiring an additional 238,814 shares during the last quarter. Finally, Senator Investment Group LP purchased a new position in Invesco QQQ during the 2nd quarter worth $157,221,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.
Invesco QQQ Trading Up 2.3%
NASDAQ QQQ opened at $690.38 on Thursday. The company has a fifty day moving average price of $719.04 and a 200-day moving average price of $681.26. Invesco QQQ has a 1 year low of $555.60 and a 1 year high of $762.86.
Invesco QQQ Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Monday, September 21st were issued a dividend of $0.7514 per share. This represents a $3.01 annualized dividend and a yield of 0.4%. This is a drop from Invesco QQQ’s previous quarterly dividend of $0.8135. The ex-dividend date was Monday, September 21st.
Trending Headlines about Invesco QQQ
These are some of the QQQ headlines that stood out recently:
- Positive Sentiment: U.S. equities advanced after midday on Nov. 11, offering a supportive backdrop for QQQ following the prior session’s weakness. Exchange-Traded Funds Higher as US Equities Advance After Midday
- Positive Sentiment: Chip stocks helped drive a strong Nasdaq-100 session on Nov. 10, signaling some appetite to buy technology shares despite volatility. Whether that rebound can hold remains uncertain. The Nasdaq-100 Just Had Its Best Day Since March Without Nvidia’s Help
- Negative Sentiment: Some commentary warned that elevated technology valuations leave QQQ vulnerable to a sharp pullback. These are bearish scenarios rather than evidence of an imminent decline, but they add to concerns around volatile tech and chip shares. How the QQQ Could Drop More Than 40% From Here, Even If It Hits a New All-Time High First
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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