Smith Thornton Advisors LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 1.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,250 shares of the exchange traded fund’s stock after acquiring an additional 95 shares during the quarter. Invesco QQQ comprises about 1.7% of Smith Thornton Advisors LLC’s investment portfolio, making the stock its 18th largest position. Smith Thornton Advisors LLC’s holdings in Invesco QQQ were worth $2,562,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the business. New Covenant Trust Company N.A. bought a new stake in shares of Invesco QQQ during the 1st quarter valued at $28,000. Mechanics Financial Corp acquired a new position in Invesco QQQ in the second quarter valued at about $30,000. Chelsea Counsel Co. bought a new position in Invesco QQQ during the first quarter worth about $40,000. CGC Financial Services LLC grew its position in shares of Invesco QQQ by 736.4% during the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock worth $44,000 after buying an additional 81 shares during the period. Finally, CarsonAllaria Wealth Management Ltd. increased its stake in shares of 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 acquiring an additional 24 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.
Invesco QQQ Price Performance
Invesco QQQ stock opened at $513.54 on Friday. Invesco QQQ has a fifty-two week low of $369.57 and a fifty-two week high of $514.33. The company’s 50 day simple moving average is $483.00 and its 200 day simple moving average is $470.34.
Invesco QQQ Cuts Dividend
Invesco QQQ 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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