Asset Dedication LLC reduced its holdings in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 1.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,791 shares of the exchange traded fund’s stock after selling 63 shares during the quarter. Asset Dedication LLC’s holdings in Invesco QQQ were worth $2,339,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. New Covenant Trust Company N.A. bought a new position in Invesco QQQ in the 1st quarter worth about $28,000. Mechanics Financial Corp purchased a new stake in shares of Invesco QQQ during the second quarter worth about $30,000. Chelsea Counsel Co. purchased a new stake in Invesco QQQ in the 1st quarter worth approximately $40,000. CGC Financial Services LLC raised its position in shares of Invesco QQQ by 736.4% in the 2nd 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 last quarter. Finally, CarsonAllaria Wealth Management Ltd. boosted its stake 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 worth $46,000 after purchasing an additional 24 shares in the last quarter. 44.58% of the stock is owned by institutional investors.
Invesco QQQ Stock Performance
Shares of NASDAQ QQQ opened at $490.85 on Wednesday. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52. The company has a 50 day moving average of $474.82 and a 200 day moving average of $464.10.
Invesco QQQ Cuts Dividend
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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