Van Hulzen Asset Management LLC lifted its stake in Invesco QQQ (NASDAQ:QQQ – Free Report) by 10.3% during the 3rd quarter, Holdings Channel reports. The firm owned 4,715 shares of the exchange traded fund’s stock after acquiring an additional 440 shares during the period. Van Hulzen Asset Management LLC’s holdings in Invesco QQQ were worth $1,689,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in QQQ. Avalon Trust Co bought a new position in Invesco QQQ during the second quarter worth about $28,000. Aspire Private Capital LLC lifted its holdings in Invesco QQQ by 88.1% during the second quarter. Aspire Private Capital LLC now owns 79 shares of the exchange traded fund’s stock worth $29,000 after acquiring an additional 37 shares in the last quarter. Sanctuary Wealth Management L.L.C. bought a new position in Invesco QQQ during the second quarter worth about $30,000. VisionPoint Advisory Group LLC bought a new position in Invesco QQQ during the second quarter worth about $36,000. Finally, Arlington Partners LLC bought a new position in Invesco QQQ during the second quarter worth about $38,000. 43.95% of the stock is currently owned by institutional investors.
Invesco QQQ Trading Down 0.7 %
QQQ stock opened at $425.30 on Wednesday. The business’s 50-day moving average price is $404.58 and its two-hundred day moving average price is $381.63. Invesco QQQ has a 1-year low of $285.19 and a 1-year high of $429.85.
Invesco QQQ Dividend Announcement
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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