Alexander Labrunerie & CO. Inc. trimmed its holdings in Invesco QQQ (NASDAQ:QQQ – Free Report) by 17.1% in the third quarter, Holdings Channel reports. The institutional investor owned 442 shares of the exchange traded fund’s stock after selling 91 shares during the period. Alexander Labrunerie & CO. Inc.’s holdings in Invesco QQQ were worth $216,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Atwater Malick LLC acquired a new position in Invesco QQQ in the 1st quarter worth about $293,000. Westwood Holdings Group Inc. raised its holdings in shares of Invesco QQQ by 14.1% in the 1st quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock worth $7,173,000 after acquiring an additional 1,993 shares during the last quarter. Socha Financial Group LLC lifted its position in shares of Invesco QQQ by 1.3% during the first quarter. Socha Financial Group LLC now owns 88,948 shares of the exchange traded fund’s stock valued at $39,494,000 after purchasing an additional 1,153 shares in the last quarter. SVB Wealth LLC increased its position in shares of Invesco QQQ by 15.2% during the first quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock valued at $8,240,000 after acquiring an additional 2,453 shares during the last quarter. Finally, WFA Asset Management Corp raised its stake in shares of Invesco QQQ by 70.6% during the 1st quarter. WFA Asset Management Corp now owns 4,577 shares of the exchange traded fund’s stock worth $2,032,000 after purchasing an additional 1,894 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.
Invesco QQQ Trading Up 0.1 %
QQQ opened at $495.96 on Wednesday. The company’s 50-day moving average price is $479.23 and its two-hundred day moving average price is $465.96. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52.
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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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).
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