Invesco QQQ (NASDAQ:QQQ) Stock Price Up 0%

Shares of Invesco QQQ (NASDAQ:QQQ) rose 0% during mid-day trading on Wednesday . The company traded as high as $485.90 and last traded at $485.21. Approximately 24,438,565 shares were traded during mid-day trading, a decline of 13% from the average daily volume of 28,171,930 shares. The stock had previously closed at $485.06.

Invesco QQQ Price Performance

The business has a fifty day moving average of $448.65 and a 200-day moving average of $432.54.

Hedge Funds Weigh In On Invesco QQQ

A number of institutional investors and hedge funds have recently added to or reduced their stakes in QQQ. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Invesco QQQ by 14.0% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,217 shares of the exchange traded fund’s stock valued at $794,000 after acquiring an additional 273 shares during the last quarter. Cary Street Partners Investment Advisory LLC lifted its position in shares of Invesco QQQ by 5.2% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 16,850 shares of the exchange traded fund’s stock valued at $6,037,000 after acquiring an additional 829 shares during the last quarter. Personal CFO Solutions LLC lifted its position in shares of Invesco QQQ by 1.3% during the 3rd quarter. Personal CFO Solutions LLC now owns 4,115 shares of the exchange traded fund’s stock valued at $1,475,000 after acquiring an additional 53 shares during the last quarter. EPG Wealth Management LLC lifted its position in shares of Invesco QQQ by 5.3% during the 3rd quarter. EPG Wealth Management LLC now owns 4,663 shares of the exchange traded fund’s stock valued at $1,671,000 after acquiring an additional 234 shares during the last quarter. Finally, Certified Advisory Corp lifted its position in shares of Invesco QQQ by 10.6% during the 3rd quarter. Certified Advisory Corp now owns 41,514 shares of the exchange traded fund’s stock valued at $14,873,000 after acquiring an additional 3,980 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

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.