Stockman Wealth Management Inc. reduced its holdings in Invesco QQQ (NASDAQ:QQQ – Free Report) by 6.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 909 shares of the exchange traded fund’s stock after selling 60 shares during the quarter. Stockman Wealth Management Inc.’s holdings in Invesco QQQ were worth $444,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. New Covenant Trust Company N.A. bought a new position in Invesco QQQ during the first quarter worth about $28,000. Mechanics Financial Corp acquired a new position in Invesco QQQ during the 2nd quarter worth approximately $30,000. Chelsea Counsel Co. acquired a new position in Invesco QQQ during the 1st quarter valued at about $40,000. CGC Financial Services LLC boosted its holdings in Invesco QQQ by 736.4% during the second 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, PFG Private Wealth Management LLC boosted its holdings in shares of Invesco QQQ by 572.2% in the 2nd quarter. PFG Private Wealth Management LLC now owns 121 shares of the exchange traded fund’s stock worth $58,000 after buying an additional 103 shares during the last quarter. 44.58% of the stock is owned by institutional investors.
Invesco QQQ Stock Up 0.1 %
QQQ traded up $0.60 on Friday, hitting $514.14. The company’s stock had a trading volume of 22,924,483 shares, compared to its average volume of 38,420,211. Invesco QQQ has a 12 month low of $369.57 and a 12 month high of $514.92. The company’s 50 day simple moving average is $484.62 and its 200-day simple moving average is $471.63.
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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