Sharkey Howes & Javer increased its position in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 3.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 1,749 shares of the exchange traded fund’s stock after buying an additional 53 shares during the quarter. Sharkey Howes & Javer’s holdings in Invesco QQQ were worth $853,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. acquired a new position in Invesco QQQ in the 1st quarter valued at about $28,000. Mechanics Financial Corp acquired a new position in shares of Invesco QQQ in the second quarter valued at approximately $30,000. Chelsea Counsel Co. purchased a new stake in shares of Invesco QQQ during the first quarter worth approximately $40,000. CGC Financial Services LLC lifted its holdings in shares of Invesco QQQ by 736.4% during the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 81 shares during the period. Finally, CarsonAllaria Wealth Management Ltd. grew its position in Invesco QQQ by 30.4% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock valued at $46,000 after buying an additional 24 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.
Invesco QQQ Stock Performance
QQQ traded down $0.08 during trading on Monday, hitting $494.39. The stock had a trading volume of 13,727,297 shares, compared to its average volume of 38,901,449. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52. The company’s 50-day moving average price is $477.68 and its 200 day moving average price is $465.15.
Invesco QQQ Cuts Dividend
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.
Further Reading
- Five stocks we like better than Invesco QQQ
- How to Most Effectively Use the MarketBeat Earnings Screener
- Analysts Predict New Highs for Cybersecurity Stock by Christmas
- Why Understanding Call Option Volume is Essential to Successful Options Trading
- Nuclear Power Reaches Critical Mass: Top Stocks to Watch Now
- How to Invest in the Best Canadian StocksĀ
- 2 Energy Stocks Surging on Billion-Dollar DOE Loan Commitments
Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ – Free Report).
Receive News & Ratings for Invesco QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ and related companies with MarketBeat.com's FREE daily email newsletter.