Invesco QQQ (NASDAQ:QQQ – Get Free Report)’s stock price rose 2.8% during trading on Thursday . The stock traded as high as $484.64 and last traded at $484.55. Approximately 12,811,164 shares were traded during trading, a decline of 68% from the average daily volume of 40,111,035 shares. The stock had previously closed at $471.44.
Invesco QQQ Trading Down 0.2 %
The business’s fifty day moving average price is $468.07 and its two-hundred day moving average price is $458.33.
Institutional Investors Weigh In On Invesco QQQ
Institutional investors and hedge funds have recently modified their holdings of the company. New Covenant Trust Company N.A. purchased a new stake in Invesco QQQ in the first quarter valued at $28,000. Mechanics Financial Corp acquired a new stake in Invesco QQQ during the second quarter worth about $30,000. Deane Retirement Strategies Inc. acquired a new stake in Invesco QQQ during the first quarter worth about $29,000. Legacy Bridge LLC raised its position in Invesco QQQ by 800.0% during the first quarter. Legacy Bridge LLC now owns 72 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 64 shares in the last quarter. Finally, Voisard Asset Management Group Inc. acquired a new position in Invesco QQQ in the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 44.58% of the company’s stock.
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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