Wealthsource Partners LLC increased its stake in shares of Invesco QQQ Trust (NASDAQ:QQQ – Get Rating) by 35.9% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 14,471 shares of the exchange traded fund’s stock after acquiring an additional 3,825 shares during the period. Wealthsource Partners LLC’s holdings in Invesco QQQ Trust were worth $5,246,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Regency Capital Management Inc. DE bought a new position in shares of Invesco QQQ Trust during the 4th quarter worth approximately $27,000. CarsonAllaria Wealth Management Ltd. bought a new position in shares of Invesco QQQ Trust during the 4th quarter worth approximately $29,000. William Allan LLC bought a new position in shares of Invesco QQQ Trust during the 4th quarter worth approximately $36,000. Aquire Wealth Advisors LLC bought a new position in Invesco QQQ Trust in the 4th quarter valued at $37,000. Finally, Arcadia Investment Management Corp MI bought a new position in Invesco QQQ Trust in the 1st quarter valued at $36,000. Institutional investors own 42.74% of the company’s stock.
Invesco QQQ Trust Trading Down 1.1 %
QQQ traded down $3.47 during trading on Friday, hitting $320.93. The company’s stock had a trading volume of 4,029,897 shares, compared to its average volume of 57,254,888. The firm’s 50 day moving average price is $295.51 and its two-hundred day moving average price is $322.85. Invesco QQQ Trust has a 12 month low of $269.28 and a 12 month high of $408.71.
Invesco QQQ Trust Increases Dividend
Invesco QQQ Trust 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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