Alaethes Wealth LLC Purchases 799 Shares of Invesco QQQ (NASDAQ:QQQ)

Alaethes Wealth LLC boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 149.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,334 shares of the exchange traded fund’s stock after acquiring an additional 799 shares during the period. Alaethes Wealth LLC’s holdings in Invesco QQQ were worth $640,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in QQQ. New Covenant Trust Company N.A. acquired a new position in Invesco QQQ in the 1st quarter worth $28,000. Deane Retirement Strategies Inc. acquired a new stake in Invesco QQQ in the 1st quarter valued at approximately $29,000. Mechanics Financial Corp bought a new stake in Invesco QQQ in the 2nd quarter valued at approximately $30,000. Legacy Bridge LLC boosted its position in Invesco QQQ by 800.0% during the 1st quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 64 shares during the last quarter. Finally, Voisard Asset Management Group Inc. acquired a new position in Invesco QQQ during the 4th quarter worth approximately $35,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 0.2 %

NASDAQ QQQ opened at $482.44 on Friday. The firm’s 50 day moving average is $468.07 and its 200-day moving average is $458.33. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52.

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.