Garner Asset Management Corp boosted its holdings in Invesco QQQ (NASDAQ:QQQ – Free Report) by 6.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,989 shares of the exchange traded fund’s stock after acquiring an additional 1,200 shares during the period. Invesco QQQ accounts for about 4.6% of Garner Asset Management Corp’s portfolio, making the stock its 2nd largest holding. Garner Asset Management Corp’s holdings in Invesco QQQ were worth $9,577,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the business. New Covenant Trust Company N.A. purchased a new stake in Invesco QQQ in the first quarter valued at approximately $28,000. Mechanics Financial Corp purchased a new stake in Invesco QQQ in the second quarter valued at approximately $30,000. Deane Retirement Strategies Inc. purchased a new stake in Invesco QQQ in the first quarter valued at approximately $29,000. Legacy Bridge LLC raised its position in Invesco QQQ by 800.0% in the first quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 64 shares during the period. Finally, Voisard Asset Management Group Inc. purchased a new stake in shares of Invesco QQQ during the fourth quarter worth $35,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.
Invesco QQQ Stock Down 0.4 %
Invesco QQQ stock opened at $471.44 on Thursday. Invesco QQQ has a twelve month low of $342.35 and a twelve month high of $503.52. The stock’s fifty day simple moving average is $468.49 and its 200-day simple moving average is $457.89.
Invesco QQQ Increases Dividend
Invesco QQQ 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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