Argent Trust Co reduced its holdings in Invesco QQQ (NASDAQ:QQQ – Free Report) by 1.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,142 shares of the exchange traded fund’s stock after selling 95 shares during the quarter. Argent Trust Co’s holdings in Invesco QQQ were worth $2,464,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Atwater Malick LLC acquired a new stake in shares of Invesco QQQ in the first quarter valued at about $293,000. Westwood Holdings Group Inc. lifted its stake in shares of Invesco QQQ by 14.1% in the first quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock valued at $7,173,000 after buying an additional 1,993 shares during the period. GenWealth Group Inc. lifted its stake in shares of Invesco QQQ by 5.8% in the first quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock valued at $18,851,000 after buying an additional 2,325 shares during the period. Socha Financial Group LLC lifted its stake in shares of Invesco QQQ by 1.3% in the first quarter. Socha Financial Group LLC now owns 88,948 shares of the exchange traded fund’s stock valued at $39,494,000 after buying an additional 1,153 shares during the period. Finally, SVB Wealth LLC lifted its stake in shares of Invesco QQQ by 15.2% in the first quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock valued at $8,240,000 after buying an additional 2,453 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.
Invesco QQQ Trading Down 0.4 %
NASDAQ QQQ opened at $471.44 on Thursday. The firm has a 50-day simple moving average of $468.49 and a 200 day simple moving average of $457.89. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52.
Invesco QQQ Increases 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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