Vima LLC Purchases New Stake in Invesco QQQ (NASDAQ:QQQ)

Vima LLC bought a new position in shares of Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 860 shares of the exchange traded fund’s stock, valued at approximately $352,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Voisard Asset Management Group Inc. bought a new position in Invesco QQQ during the fourth quarter worth about $35,000. Red Tortoise LLC raised its position in shares of Invesco QQQ by 370.0% during the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 74 shares during the period. Friedenthal Financial acquired a new stake in shares of Invesco QQQ during the fourth quarter worth about $41,000. Robinson Capital Management LLC acquired a new stake in shares of Invesco QQQ during the fourth quarter worth about $40,000. Finally, Bear Mountain Capital Inc. acquired a new stake in shares of Invesco QQQ during the fourth quarter worth about $42,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.5 %

Shares of NASDAQ QQQ traded up $2.47 during mid-day trading on Friday, reaching $479.19. 23,372,620 shares of the company’s stock were exchanged, compared to its average volume of 28,164,470. The business has a fifty day simple moving average of $445.24 and a 200 day simple moving average of $430.19. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $479.26.

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.