GoalVest Advisory LLC Grows Position in Invesco QQQ $QQQ

GoalVest Advisory LLC lifted its position in Invesco QQQ (NASDAQ:QQQ) by 20,256.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 613,955 shares of the exchange traded fund’s stock after buying an additional 610,939 shares during the quarter. Invesco QQQ comprises approximately 23.3% of GoalVest Advisory LLC’s holdings, making the stock its largest position. GoalVest Advisory LLC’s holdings in Invesco QQQ were worth $454,185,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of QQQ. Corient Private Wealth LLC raised its holdings in Invesco QQQ by 3,567.7% in the 4th quarter. Corient Private Wealth LLC now owns 21,436,917 shares of the exchange traded fund’s stock worth $13,168,912,000 after acquiring an additional 20,852,432 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Invesco QQQ by 1.0% during 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 acquiring an additional 30,083 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Invesco QQQ by 21.4% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,025,000 shares of the exchange traded fund’s stock valued at $1,858,288,000 after purchasing an additional 534,000 shares during the last quarter. Analyst IMS Investment Management Services Ltd. grew its position 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 during the last quarter. Finally, Align Financial LLC bought a new position in shares of Invesco QQQ in the fourth quarter worth about $78,118,000. 44.58% of the stock is owned by institutional investors.

Trending Headlines about Invesco QQQ

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

• Positive Sentiment: Investors remain optimistic that strong earnings, seasonal market strength, post-midterm-election enthusiasm and continued artificial-intelligence spending can support stocks even if interest rates stay elevated. This backdrop is favorable for QQQ’s technology-heavy holdings. Why Stocks Could Defy Higher Rates and Keep Rallying: ETFs to Watch
• Positive Sentiment: Recent market commentary points to solid fundamentals, historical October strength and continued investor confidence as reasons for optimism. These factors are helping sustain demand for growth-oriented ETFs such as QQQ. Uptober Is Here: 5 Reasons for Optimism
• Positive Sentiment: Reports highlighting resilient economic activity in data centers and manufacturing reinforce the investment case for AI infrastructure and related technology companies, several of which are significant Nasdaq-100 constituents. Real Economy Growth Highlights Data Centers and Manufacturing
• Neutral Sentiment: U.S. equity ETFs and futures traded mixed as investors assessed Micron’s results and new economic data. The uneven market action suggests investors are supporting QQQ while remaining selective about valuations and earnings outlooks. Exchange-Traded Funds and Equity Futures Up Pre-Bell Thursday
• Negative Sentiment: Persistent inflation and a strong economy could keep Treasury yields elevated, limiting the Federal Reserve’s ability to cut rates. Higher rates increase the discount rate applied to future technology earnings and remain the main risk to QQQ’s rally. The U.S. Economy Is Running Hot
• Negative Sentiment: Analysis indicating that inflation remains above the Fed’s target and that markets may be underestimating monetary-policy pressure could restrain gains in rate-sensitive growth stocks, including QQQ holdings. New Price Inflation Data Shows the Fed Has Missed Its Target

Invesco QQQ Price Performance

Shares of NASDAQ QQQ traded up $8.09 during trading hours on Friday, hitting $750.12. 20,015,263 shares of the company’s stock were exchanged, compared to its average volume of 48,518,805. Invesco QQQ has a 1-year low of $555.60 and a 1-year high of $754.54. The company’s 50-day moving average price is $716.20 and its 200-day moving average price is $692.01.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Monday, September 21st will be issued a dividend of $0.7514 per share. 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. The ex-dividend date is Monday, September 21st.

Invesco QQQ 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.