Goodwin Daniel L Increases Holdings in Invesco QQQ Fund

Investment firm Goodwin Daniel L has significantly raised its investment in Invesco QQQ (NASDAQ:QQQ), expanding its share possession by a notable 76.1% during the third quarter. The firm's most recent 13F filing with the Securities and Exchange Commission (SEC) reveals the acquisition of an additional 2,495 shares, bringing Goodwin Daniel L's total shares in the ETF to 5,775. This move indicates the ETF becoming the 16th largest position in Goodwin Daniel L's portfolio, accounting for around 1.0% of its total holdings. Based on the latest SEC filing, the value of Goodwin Daniel L's investment in Invesco QQQ is estimated to be approximately $2,069,000.

Other Investors' Movements

Goodwin Daniel's decision to increase its stake is mirrored by actions from other institutional investors. Ironwood Wealth Management LLC. enhanced its shares in Invesco QQQ by 7.4% earlier in the year, while Axiom Financial Strategies LLC upped their investment by 11.6%. Additionally, covestor Ltd markedly boosted its holdings by 309.2% within the same timeframe. Meanwhile, Brown Brothers Harriman & Co. and Roundview Capital LLC recorded respective increases of 11.2% and 0.9%. Collectively, hedge funds and institutional investors own 43.95% of Invesco QQQ stock.

Stock Performance and Dividend Details

In terms of stock value, shares of NASDAQ QQQ experienced a downturn of 1.3% during mid-day trading on Tuesday, with the price per share dropping to $404.10. Trading volumes reached 25,194,702 shares, whilst the 50-day and 200-day moving averages stand at $386.23 and $374.98, respectively. The 52-week performance of Invesco QQQ saw a low of $260.34 and peaked at $412.92.

A dividend payout is also on the horizon for Invesco QQQ stockholders. A scheduled dividend of $0.2158 per share will be paid out to those on record as of Thursday, December 28th, with the ex-dividend date being the preceding Wednesday, December 27th. The payment date for this dividend is set for Monday, January 15th.

About Invesco QQQ

Invesco QQQ operates as a unit investment trust providing securities known as Nasdaq-100 Index Tracking Stock. The Trust aims to replicate the performance of the Nasdaq-100 Index as closely as possible. Investors get the chance to purchase units in the Trust which correspond to a proportional undivided interest in a portfolio that aims to mirror the Nasdaq-100 Index's constituent securities.

Goodwin, Invesco, QQQ, Investment, Securities, Holdings