Janney Montgomery Scott LLC lowered its position in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 5.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 712,368 shares of the exchange traded fund’s stock after selling 43,592 shares during the quarter. Invesco QQQ comprises 1.0% of Janney Montgomery Scott LLC’s investment portfolio, making the stock its 12th biggest holding. Janney Montgomery Scott LLC owned about 0.13% of Invesco QQQ worth $255,220,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of the company. Avalon Trust Co bought a new stake in Invesco QQQ in the 2nd quarter worth about $28,000. VisionPoint Advisory Group LLC purchased a new stake in Invesco QQQ in the 2nd quarter worth approximately $36,000. Arlington Partners LLC purchased a new stake in Invesco QQQ in the 2nd quarter worth approximately $38,000. WealthPlan Investment Management LLC raised its position in shares of Invesco QQQ by 176.6% during the 2nd quarter. WealthPlan Investment Management LLC now owns 827 shares of the exchange traded fund’s stock valued at $41,000 after buying an additional 528 shares in the last quarter. Finally, Russell Investments Group Ltd. purchased a new position in Invesco QQQ in the 2nd quarter worth $44,000. Institutional investors own 43.95% of the company’s stock.
Invesco QQQ Price Performance
NASDAQ:QQQ traded down $1.97 during trading hours on Monday, reaching $427.04. The company’s stock had a trading volume of 17,676,331 shares, compared to its average volume of 45,808,773. Invesco QQQ has a 1 year low of $285.19 and a 1 year high of $430.24. The firm has a 50-day simple moving average of $406.55 and a 200-day simple moving average of $382.43.
Invesco QQQ Announces 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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