Capital Investment Counsel LLC lowered its holdings in Invesco QQQ (NASDAQ:QQQ – Free Report) by 0.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,275 shares of the exchange traded fund’s stock after selling 50 shares during the period. Invesco QQQ makes up 1.7% of Capital Investment Counsel LLC’s portfolio, making the stock its 14th biggest position. Capital Investment Counsel LLC’s holdings in Invesco QQQ were worth $10,365,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the business. Hoese & Co LLP grew its holdings in shares of Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 20 shares in the last quarter. Legacy Bridge LLC raised its stake in shares of Invesco QQQ by 60.0% during the 3rd quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 45 shares in the last quarter. BNP Paribas acquired a new stake in shares of Invesco QQQ during the 3rd quarter valued at about $62,000. Brooklyn Investment Group acquired a new position in Invesco QQQ in the fourth quarter worth approximately $69,000. Finally, Pacifica Partners Inc. bought a new position in Invesco QQQ during the fourth quarter valued at approximately $73,000. Institutional investors and hedge funds own 44.58% of the company’s stock.
Invesco QQQ Price Performance
QQQ stock opened at $520.83 on Thursday. The firm has a 50 day moving average of $518.51 and a two-hundred day moving average of $493.56. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $539.15.
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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