Davis R M Inc. trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ – Free Report) by 3.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,252 shares of the exchange traded fund’s stock after selling 126 shares during the quarter. Davis R M Inc.’s holdings in Invesco QQQ were worth $1,201,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GPS Wealth Strategies Group LLC increased its stake in shares of Invesco QQQ by 6.9% in the second quarter. GPS Wealth Strategies Group LLC now owns 58,895 shares of the exchange traded fund’s stock worth $21,757,000 after purchasing an additional 3,804 shares in the last quarter. CVA Family Office LLC lifted its holdings in 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 purchasing an additional 147 shares in the last quarter. Symphony Financial Ltd. Co. grew its stake in Invesco QQQ by 5.3% during the second quarter. Symphony Financial Ltd. Co. now owns 4,247 shares of the exchange traded fund’s stock valued at $1,545,000 after acquiring an additional 214 shares in the last quarter. Centerpoint Advisors LLC increased its holdings in Invesco QQQ by 546.3% in the 2nd quarter. Centerpoint Advisors LLC now owns 433 shares of the exchange traded fund’s stock valued at $160,000 after acquiring an additional 366 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of Invesco QQQ by 9.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 2,198,038 shares of the exchange traded fund’s stock valued at $812,000,000 after purchasing an additional 195,130 shares during the last quarter. 43.95% of the stock is owned by hedge funds and other institutional investors.
Invesco QQQ Price Performance
QQQ stock opened at $390.74 on Tuesday. The firm has a fifty day moving average price of $365.48 and a 200 day moving average price of $363.10. Invesco QQQ has a fifty-two week low of $259.73 and a fifty-two week high of $391.41.
Invesco QQQ Dividend Announcement
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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