Mechanics Bank Trust Department cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 5.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 37,104 shares of the exchange traded fund’s stock after selling 1,972 shares during the period. Invesco QQQ accounts for 2.2% of Mechanics Bank Trust Department’s holdings, making the stock its 7th biggest holding. Mechanics Bank Trust Department’s holdings in Invesco QQQ were worth $13,707,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of QQQ. CVA Family Office LLC grew its position in shares of Invesco QQQ by 2.0% in the 2nd quarter. CVA Family Office LLC now owns 7,450 shares of the exchange traded fund’s stock worth $2,752,000 after buying an additional 147 shares during the last quarter. Raleigh Capital Management Inc. increased its position in shares of Invesco QQQ by 6,686.3% during the first quarter. Raleigh Capital Management Inc. now owns 6,922 shares of the exchange traded fund’s stock worth $2,222,000 after purchasing an additional 6,820 shares in the last quarter. Berkeley Capital Partners LLC boosted its position in shares of Invesco QQQ by 0.8% in the 1st quarter. Berkeley Capital Partners LLC now owns 18,874 shares of the exchange traded fund’s stock worth $6,057,000 after purchasing an additional 159 shares in the last quarter. Asset Planning Corporation purchased a new position in Invesco QQQ during the 1st quarter worth $200,000. Finally, ACT Advisors LLC. increased its position in Invesco QQQ by 3,316.0% during the 1st quarter. ACT Advisors LLC. now owns 72,932 shares of the exchange traded fund’s stock valued at $23,406,000 after buying an additional 70,797 shares in the last quarter. 43.95% of the stock is owned by hedge funds and other institutional investors.
Invesco QQQ Price Performance
Shares of NASDAQ QQQ opened at $370.81 on Friday. Invesco QQQ has a fifty-two week low of $254.26 and a fifty-two week high of $387.98. The business has a 50-day simple moving average of $373.20 and a two-hundred day simple moving average of $348.25.
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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