Invesco QQQ $QQQ Stock: Csenge Advisory Group Grows Holdings

Csenge Advisory Group grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 1.3% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 129,394 shares of the exchange traded fund’s stock after purchasing an additional 1,657 shares during the period. Invesco QQQ comprises approximately 3.7% of Csenge Advisory Group’s portfolio, making the stock its 4th biggest position. Csenge Advisory Group’s holdings in Invesco QQQ were worth $95,722,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its holdings in shares of Invesco QQQ by 1.0% in 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 purchasing an additional 30,083 shares in the last quarter. Analyst IMS Investment Management Services Ltd. grew its holdings in Invesco QQQ by 0.3% during the second quarter. Analyst IMS Investment Management Services Ltd. now owns 1,787,559 shares of the exchange traded fund’s stock worth $1,316,358,000 after buying an additional 4,751 shares in the last quarter. HighTower Advisors LLC grew its holdings in Invesco QQQ by 3.1% during the second quarter. HighTower Advisors LLC now owns 1,230,679 shares of the exchange traded fund’s stock worth $906,272,000 after buying an additional 36,923 shares in the last quarter. Kestra Advisory Services LLC grew its holdings in Invesco QQQ by 10.5% during 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 in the last quarter. Finally, 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. 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 Price Performance

NASDAQ QQQ opened at $674.76 on Wednesday. The business has a fifty day simple moving average of $719.39 and a 200 day simple moving average of $680.92. Invesco QQQ has a 12 month low of $555.60 and a 12 month high of $762.86.

Invesco QQQ Cuts Dividend

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

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.