Marco Investment Management LLC raised its stake in Invesco QQQ (NASDAQ:QQQ – Free Report) by 11.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,438 shares of the exchange traded fund’s stock after purchasing an additional 658 shares during the quarter. Marco Investment Management LLC’s holdings in Invesco QQQ were worth $2,636,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Red Tortoise LLC increased its stake in Invesco QQQ by 370.0% during the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 74 shares during the last quarter. Friedenthal Financial bought a new position in shares of Invesco QQQ during the fourth quarter worth about $41,000. Bear Mountain Capital Inc. bought a new position in shares of Invesco QQQ during the fourth quarter worth about $42,000. Core Wealth Advisors Inc. grew its position in shares of Invesco QQQ by 33.3% during the third quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock worth $43,000 after acquiring an additional 30 shares during the last quarter. Finally, Blume Capital Management Inc. grew its position in shares of Invesco QQQ by 104.0% during the third quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock worth $48,000 after acquiring an additional 3,500 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.
Invesco QQQ Stock Performance
QQQ stock traded up $6.55 during trading on Friday, hitting $431.00. The company had a trading volume of 41,874,907 shares, compared to its average volume of 47,550,872. The business has a 50 day moving average of $436.88 and a 200 day moving average of $410.68. Invesco QQQ has a fifty-two week low of $315.05 and a fifty-two week high of $449.34.
Invesco QQQ Dividend Announcement
About Invesco QQQ
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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