Hutchens & Kramer Investment Management Group LLC decreased its holdings in Invesco QQQ (NASDAQ:QQQ – Free Report) by 2.0% in the 4th quarter, HoldingsChannel reports. The fund owned 3,605 shares of the exchange traded fund’s stock after selling 73 shares during the quarter. Invesco QQQ comprises about 1.0% of Hutchens & Kramer Investment Management Group LLC’s investment portfolio, making the stock its 23rd biggest holding. Hutchens & Kramer Investment Management Group LLC’s holdings in Invesco QQQ were worth $1,843,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in shares of Invesco QQQ by 159.6% in the 4th quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock valued at $1,712,000 after purchasing an additional 2,059 shares in the last quarter. Principal Financial Group Inc. grew its position in Invesco QQQ by 141.0% during the third quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock worth $9,468,000 after buying an additional 11,351 shares during the period. Socha Financial Group LLC increased its holdings in Invesco QQQ by 2.4% in the third quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock valued at $44,732,000 after buying an additional 2,171 shares in the last quarter. NRI Wealth Management LC purchased a new position in Invesco QQQ in the fourth quarter valued at about $28,729,000. Finally, Garden State Investment Advisory Services LLC lifted its position in shares of Invesco QQQ by 13.1% during the 3rd quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund’s stock valued at $15,169,000 after acquiring an additional 3,581 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.
Invesco QQQ Stock Performance
QQQ opened at $521.88 on Wednesday. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $539.15. The stock’s 50 day simple moving average is $518.14 and its 200 day simple moving average is $493.37.
Invesco QQQ Announces 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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