Destiny Capital Corp CO trimmed its holdings in Invesco QQQ (NASDAQ:QQQ – Free Report) by 5.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,862 shares of the exchange traded fund’s stock after selling 1,670 shares during the quarter. Invesco QQQ comprises 10.4% of Destiny Capital Corp CO’s portfolio, making the stock its 3rd biggest holding. Destiny Capital Corp CO’s holdings in Invesco QQQ were worth $22,091,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Parvin Asset Management LLC acquired a new position in shares of Invesco QQQ during the first quarter worth approximately $28,000. High Point Wealth Management LLC grew its stake in shares of Invesco QQQ by 68.0% during the second quarter. High Point Wealth Management LLC now owns 42 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 17 shares during the last quarter. Financial Management Professionals Inc. increased its holdings in shares of Invesco QQQ by 83.3% in the second quarter. Financial Management Professionals Inc. now owns 55 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 25 shares in the last quarter. CrossGen Wealth LLC increased its holdings in shares of Invesco QQQ by 44.7% in the third quarter. CrossGen Wealth LLC now owns 55 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 17 shares in the last quarter. Finally, Bullseye Investment Management LLC acquired a new stake in shares of Invesco QQQ in the second quarter valued at approximately $44,000. Institutional investors own 44.58% of the company’s stock.
Invesco QQQ Trading Up 1.4%
Shares of QQQ traded up $9.05 during trading hours on Friday, hitting $656.10. 70,404,673 shares of the stock traded hands, compared to its average volume of 40,681,568. The business has a fifty day moving average of $720.97 and a 200-day moving average of $680.33. Invesco QQQ has a 1-year low of $555.60 and a 1-year high of $762.86.
Invesco QQQ Cuts Dividend
The business also recently disclosed 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. 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 0.5%.
More Invesco QQQ News
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
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.
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